Connecticut has entered into a consent decree revoking the fintech mortgage lender's license, and LoanSnap has been put on notice by California regulators that they intend to do the same
Clelia Warburg Peters, Era Ventures' founder, is the first woman to raise an initial fund of this size in the real estate category. The fund will distribute capital across various stages of innovation
New funding will allow Polly's product and engineering teams to double down on new product innovation, including a new AI platform that was recently in closed beta testing
Strategic partnership with D2 Asset Management will help the shared equity pioneer go nationwide, after signing home equity agreements with more than 10K homeowners in 16 states
HomeLight is now partnered with more than 10K loan officers and 28K real estate agents to offer Buy Before You Sell everywhere but Alaska, Massachusetts, New York and Rhode Island
Since launching in 2021 as the 'Stripe of real estate,' Setpoint has expanded into additional asset-backed lending lines including auto, consumer and small business
Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with funding round led by Khosla Ventures
Card issuer Wells Fargo is losing as much as $10M a month as it eats interchange fees for users who are paying off balances after paying their rent, 'The Wall Street Journal' reports
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4B in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending
San Francisco-based title tech provider, set to be acquired by Title Resources Group, posted a $20.6M Q1 2024 net loss Tuesday, down 46% from a year ago but little improved from Q4 2023
The struggling loan technology provider will use an influx of cash from Haveli Investments to pay off the debt it took on to get into the title insurance business by acquiring Title365 in 2021
Founded as Daily AI, Boulder-based Aidium rebranded last year to better align brands it had acquired — Whiteboard CRM and Recruitable.ai — under a single umbrella
If approved by shareholders and regulators, the proposed merger would result in an all-cash $85M transaction, with TRG acquiring Doma's outstanding shares at 38% premium of $6.29 per share
The mortgage lender said $100M in retention bonuses were distributed to employees in April, as promised, including $50M from Better co-founder and CEO Vishal Garg's personal equity
In theory, all government-backed FHA, VA and USDA loans are assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing
In addition to going public at a bad time for mortgage lenders, Barron's reports that SPAC merger resulted in a huge increase in the number of shares outstanding
