A weak pound sterling is making London a prime target for GCC real estate investing. And there are plenty of banks in the city ready to help citizens of Gulf Cooperation Council (GCC) countries seize the opportunity. While GCC nationals have long made up a...
Anticipating a housing market downturn that will stretch into next year, online real estate seller Redfin is laying off 13% of its staff and shuttering its home-flipping service RedFinNow. The layoffs will affect 862 people, CEO Glenn Kelman said in an email to employees Wednesday...
Milan-based PropTech firm Casavo recently announced that it is acquiring Paris-based online estate agent Proprioo as part of its expansion into the French market. The Casavo platform streamlines the process of selling property by offering free appraisals to sellers, generating a quick offer to buy...
Saying it wants to help make homeownership more affordable, technology-powered real estate company Redfin has added a new feature to the home listings on its website: information about programs that offer down payment assistance and affordable lending. The new feature is enabled by Redfin’s partnership...
Fannie Mae has rolled out its Multifamily Positive Rent Payment Reporting program to help renters build credit history and improve their scores, a company press release said. It will start as of Sept. 27, and will let eligible multifamily property owners share rent payment data...
Opendoor Technologies reported it lost money on 42% of transactions in August as the U.S. housing market falters for builders, flippers and others looking to sell houses, Bloomberg wrote Monday (Sept. 19). Opendoor has warned investors that it thinks it’ll lose as much as $175 million...
Citigroup is close to signing a new deal which would move its European headquarters to a new locale in Dublin, after its old waterfront office address was put on the market in March. The bank’s €100 million ($99.1 million) deal to buy a new office...
Bank of America has launched what it calls an affordable loan solution geared towards Black and Latino first-time homebuyers. According to a Tuesday (Aug. 30) news release, the zero down payment, zero closing cost program will be available in “designated markets, including certain Black/African American...
Corporate disbursements FinTech Onbe is working with financial services firm Equity Trust Company on a project the companies say will modernize the way investors pay real estate expenses within their self-directed individual retirement accounts (IRAs). “Expense Pass, managed by Onbe on behalf of Equity Trust,...
