Rent2Cash, an Italian start-up that offers up to three years in “rental advance” services to landlords, announced its closing on a €3 million (roughly $3.25 million) pre-seed round and the launch of its operations in Italy. Rent2Cash offers upfront payouts of up to...
Affordable homeownership continued to be an elusive concept in Wisconsin as declines in home sales and new listings fueled an increase in home prices. According to new data from the Wisconsin Realtors Association (WRA), June’s home sales were down 10.5%...
Dallas-headquartered Mr. Cooper Group Inc. (NASDAQ: COOP) is acquiring the mortgage operations of Flagstar Bank for $1.4 billion. The acquisition encompasses Flagstar’s MSRs, advances, subservicing contracts, and a third-party origination platform. The purchase will...
Homebuyer affordability was slightly less onerous last month as the national median payment applied for by purchase loan applicants decreased to $2,167 from $2,219 in May, according to new data from the Mortgage Bankers Association (MBA). However, on a year-over-year...
eXp Realty, the Bellingham, Washington-based subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), has hired Donald Cherry as vice president of sustainability. In his new role, Cherry will be responsible for developing a comprehensive sustainability program for the...
The Kroger Co. (NYSE: KR) and Albertsons Companies Inc. (NYSE: ACI) are pausing their proposed $24.6 billion merger as federal and state lawsuits seek to block their union. The Wall Street Journal reports the supermarket giants agreed to a temporary injunction in a...
Hits and Misses for the Real Estate Week of June 29-July 3
