Starting Saturday (Sept. 18), mortgage financing giant Fannie Mae will consider rent payment histories when determining the creditworthiness of people looking to finance homes. The 12 most recent rental payments will be examined when lenders use automated creditworthiness check systems. Permission to look at records...
Rental-based financial services company Jetty has launched a new program, Jetty Rent, which will give more flexibility with late fees, according to a press release. The service will take away the cost burden and give renters flexibility on when they pay rent. Now, Jetty will...
Offerpad, which works in buying and selling residential real estate, has completed a deal with Supernova Partners Acquisition Company (SPAC) in order to take Offerpad public, according to press release. Offerpad specializes in tech-enabled solutions like iBuying in order to offer customers more convenience and...
Sotheby’s International Realty CEO Philip White said people are moving back to cities after a migration away from them during the initial part of the pandemic, according to Bloomberg. He said he’s “never seen [the market] any stronger than this,” in a video on the...
The Mexico City-based startup Kocomo announced on Monday (Aug. 30) that it had closed on $50 million in debt financing and $6 million in equity to help it meet its goal of making vacation homeownership more achievable. As TechCrunch reported, the company’s mission is to...
After a week in which Walmart and Target posted strong quarterly results on the back of both in-store and eCommerce sales, it’s as clear as ever that omnichannel is the way of the retail future — and those that don’t embrace it risk falling behind....
The complexity and uncertainty of real estate transactions has long been a source of major headaches for buyers and sellers, with closings routinely contingent upon multiple factors, including the sale of a buyer’s existing property and their ability to secure financing. More recently, there’s also...
Rent-to-own property technology firm Divvy Homes raised $200 million co-led by Tiger Global Management and Caffeinated Capital, giving the startup a valuation of $2 billion, Bloomberg reported on Friday (Aug. 13). Divvy Homes purchases residential properties on behalf of renters and assists them in becoming...
Goldman Sachs says ring-fencing regulations imposed after the 2008 Global Financial Crisis are driving up housing prices in England by promoting business practices that have resulted in super-low interest rates for homebuyers able to make big down-payments, the Daily Mail reported Saturday (Aug. 7). Ring-fencing...
