Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.

Estimated reading time: 0 minutes, 31 seconds

Opendoor Launches Mortgage Lending Arm

Homebuying startup Opendoor has introduced a new mortgage lending division, called Opendoor Home Loans. So reports The Real Deal.

Opendoor Home Loans head Nadia Aziz said in a blog post that the move into lending “takes us one step closer to providing an end-to-end experience where you can buy, sell or trade-in a home in just a few clicks.”

Opendoor, which buys people’s homes and sells them after improvements, carries a $3.8 billion valuation. Zillow, another real estate company that buys homes from sellers who sign up online, rolled out a home loans business earlier this year.

Read the full article from The Real Deal

Read 2169 times
Rate this item
(0 votes)

FOLLOW US