Figure Technology Solutions is taking another shot at going public, just weeks after announcing that all parts of its operations — including its lending arm and blockchain-powered financial marketplace — will be consolidated into a single company. The fintech firm said Aug. 4 that it confidentially submitted a draft registration statement on Form S-1 with […]
Figure confirms plans for IPO sometime in 2025 Read More »
Rithm Capital announced it has entered into an agreement to purchase $1 billion worth of loans from lending fintech Upgrade. The forward-flow agreement between the real estate investment trust and the San Francisco-based neobank has Rithm acquiring $1 billion worth of home improvement loans originated and serviced by Upgrade over the coming year. The deal
Rithm buys $1B in home reno loans from Upgrade Read More »
AGENTS: Did you know you can share a personalized version of this post? Learn more! For Buyers, Infographics, Mortgage Rates, New Construction, Affordability, Buying Tips Some Highlights Prices, rates, and finding the right home are three of the biggest challenges for buyers today. You may find better luck with all 3 if you look at
3 Advantages of Buying a Newly Built Home Today Read More »
Bloomberg News By firing one of the country’s top economic research officials, President Donald Trump might have instilled less confidence in the legitimacy of government-produced data rather than more. On Friday, Trump terminated Bureau of Labor Statistics Commissioner Erika McEntarfer, claiming that she “rigged” the data in last week’s employment situation report to hurt the
Trump’s BLS firing impacts perceptions more than numbers Read More »
Loandepot has rehired two mortgage professionals who were previously involved in the development of its mello platform, signaling the Irvine, California-based company’s intent to bolster its technology offerings. The public company has named industry veterans Dominick Marchetti as chief digital officer and Sean Dejulia as chief innovation officer. Marchetti, who worked at the lender from
Loandepot brings back mello tech leaders Read More »
Mortgage applications don’t always fail with a formal rejection — many simply stall. A report released last month by Cotality found that homebuyer hesitation often predicts loan fallout, even without an official withdrawal. As a result, the property analytics firm found that 16% of buyers “ghosted” their mortgage applications last year — a trend attributed
Abandoned mortgage apps are on the upswing. Homebuyer confusion could be the culprit Read More »
Hundreds of affordable housing programs across California may be in legal jeopardy after a new federal lawsuit challenged the constitutionality of one of the state’s most widely used housing tools. The suit — filed Thursday in federal court in San Francisco and first reported by CalMatters — targets East Palo Alto, California’s “inclusionary zoning” ordinance.
California affordable housing programs face new legal challenge Read More »
UBS Group said on Monday that it will pay $300 million to settle lingering obligations tied to a Credit Suisse deal with the U.S. Department of Justice (DOJ) over the sales of residential mortgage-backed securities (RMBS). UBS inherited the obligations when it acquired Credit Suisse in a 2023 rescue arranged by Swiss regulators. The bank
UBS will pay $300M to settle Credit Suisse case Read More »
Rocket Companies has begun to reshape Rocket Homes, its real estate subsidiary, following the closing of its acquisition of Redfin. The changes include sunsetting Rocket Homes’ search portal, consolidating agent networks and executing layoffs. Users who visit the Rocket Homes website are now met with a message stating they “can search for homes on Rocket
Rocket revamps real estate arm, moves home search to Redfin Read More »
While some brokerages are leaning into the use of private listing networks, luxury firm Douglas Elliman said it does not want private listing networks to become the norm. “At Douglas Elliman, we have a long- standing commitment to offering clients greater choice and flexibility while continuing to promote equal access to listings and uphold a
Douglas Elliman doesn’t want private listings to be the norm Read More »