Real Estate Broker/Agency News

Real estate startup Reali to shut down

California real estate startup Reali is shutting down, with plans to lay off most of its employees on Sept. 9. The firm is the latest to fall victim to rising mortgage rates and a drop in home sales.  The San Mateo, California startup cited “the challenging real estate and financial

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Polly extends API portfolio as lenders look to streamline

Polly, a software-as-service mortgage technology firm that operates a loan-trading platform, extended its Application Programming Interface (API) portfolio to better accommodate lenders amid a contracting mortgage environment.  As part of the fintech’s long-term strategy to focus on “providing innovation for lenders,” San Francisco-based Polly said it enhanced its existing APIs,

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Better.com conducts another round of layoffs 

Amid a shrinking mortgage market and delays in its plan to go public, digital mortgage lender Better.com made another round of layoffs on Friday. That’s the fourth workforce reduction since December 2021, when the company’s Chief Executive Officer Vishal Garg gained infamy for laying off 900 employees in a Zoom meeting. On March

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Does Powell’s tough talk mean another 75 bps rate hike?

Restoring price stability will cause some pain now, but will forestall the greater pain of higher inflation, Federal Reserve Chairman Jerome Powell said in a speech on Friday. Powell, speaking at an economic policy symposium in Jackson Hole, Wyoming, made it clear that the Federal Open Market Committee (FOMC) would

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