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Better.com’s CEO apologizes, but the fallout continues

Housing Wire

The reason stems from a recent amendment to a financing agreement between Better’s SPAC partner, blank-check firm Aurora Acquisition Corp. The amendments to the transaction do not change the implied equity value for Better of approximately $6.9 The original financing agreement stipulated that SoftBank would dole out up to $1.78

HR 382
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CAIRN REAL ESTATE HOLDINGS EXPANDS LEADERSHIP TEAM

Realty Biz

Feltch will lead all aspects of finance, financial strategy, and accounting. Cairn comprises more than 4,300 agents operating in 72 offices across 23 states and closes more than $10B in annual in real estate sales volume. Before joining Cairn, Flohr was a General Manager at Berkadia Commercial Mortgage.

HR 81
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Despite headwinds, these mortgage companies are hiring

Housing Wire

Casa plans to also hire for data, IT, operations and HR roles. Real estate firm RE/MAX acquired Motto Mortgage in 2016 to create a “one-stop-shop” in which homebuyers can work with both a real estate agent to find a home and a Motto Mortgage loan originator to secure financing. “As He’s also bringing in brokers. Hypotec is hiring LOs.

Mortgages 442
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Looking to Buy in Philly or Pittsburgh? Consider Down Payment Assistance in Pennsylvania!

HomeLight

Potential homebuyers will need to budget for a down payment, closing costs, monthly mortgage payment, and that doesn’t even include the cost of utilities. Coming up with that amount of money to spend on a single purchase can be daunting, especially for first-time homebuyers, who don’t have equity in an existing home.

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Seven Predictions for 2023: The Grime Edition

Notorious ROB

There’s a long way to go before people will associate Zillow with financing, the way that they associate Rocket with mortgages. billion in equity to support its own BTR strategy, partnering with Centerbridge and Allianz Real Estate. Now it’s starting to feel like being too close to NAR is more of a risk than a reward….

MLS 79