The blockchain-powered home equity lender says it has not only revolutionized the process of originating mortgages, but financing them by making it easy for investors to trade them as assets. Continue reading
A major player in correspondent lending and mortgage servicing, Pennymac is looking to provide more loans directly to consumers through a strategic partnership and investment in mortgage loan origination software provider Vesta. Continue reading
A 2024 Inman AI Award winner, Rexera offers customizable AI agents that automate workflows on condo sales by obtaining HOA documents and public records, extracting data and flagging potential issues. Continue reading
Mortgage broker Elliman Capital, a “strategic alliance” with Associated Mortgage Bankers Inc., will offer traditional and specialty loan products “from multiple national and regional lenders.” Continue reading
Both of the money-losing iBuyers had been warned they could face delisting, but investors have taken a fancy to the companies — which have both posted triple-digit gains in July. Continue reading
By handling every aspect of homebuying and selling, from search to financing to title and closing — Rocket aims to cut transaction costs on the median priced home in half, from $40,000 to $20,000. Continue reading
The New York City-based REIT will pay $120 million in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08 million shares in Chimera valued at $27.9 million. Continue reading
Offerpad’s market capitalization has dropped below $50 million for 30 consecutive trading days, and the New York Stock Exchange wants to know what it’s going to do about it. Continue reading
Investors bid up mortgage lender’s share price by 21 percent as company says deal with investor investor SB Northstar LP will improve its balance sheet and better position it for growth and a return to profitability. Continue reading
Commercial construction technology company BuildOps has arrived at “unicorn” status — a valuation of $1 billion — upon closing a Series C round of funding totaling $127 million. Continue reading