Friday, May 26, 2017

Rentalutions, online platform for landlords, raises $2 million to fund expansion

Rentalutions, a Chicago-based online platform for landlords, announced this week that it plans to expand its offerings thanks to a $2 million round of funding. The company said that it plans to use the funding to add new features to “automate common time-consuming and expensive processes, including finding and screening tenants, accepting payments and managing maintenance requests.”

Elm Street Technology acquires real estate tech platform Consolidated Knowledge

Elm Street Technology, a provider of technology solutions for the real estate industry, announced this week that it acquired Consolidated Knowledge, a technology platform provider to the residential real estate and multi-family industries.

loanDepot increases VA home loan volume by nearly 225% in two years

loanDepot’s commitment to veterans has skyrocketed over the last two years, as the company’s latest mortgage report shows a huge jump in VA home loans. In 2016 alone, loanDepot helped serve more than 23,000 veterans, active military and spouses, resulting in nearly $7 billion in VA loan financing.

Representative reintroduces legislation to end Operation Choke Point

Rep. Blaine Luetkemeyer, R-Mo., reintroduced the Financial Institution Customer Protection Act to the 115th Congress in attempts to end Operation Choke Point and restore the balance between financial institutions and regulators. While there is a new administration, Luetkemeyer stated that the legislation is necessary to ensure that no future administration will have the opportunity to negatively impact individuals and legal businesses through this unprecedented initiative.

Low commission, tech-focused real estate company Reali closes $5 million funding round

Reali, a real estate company that offers lower commissions and a tech-focused experience for home buyers and sellers, announce that it plans to expand its operations throughout San Francisco after it closed on a $5 million round of funding. In addition to expanding in the San Francisco area, the company said that it will use the money to fund technological advancements, brand marketing, and market expansion.

Fed plans to start selling its trillion-dollar bond portfolio

Quietly tucked into the Federal Open Market Committee meeting minutes, the Federal Reserve revealed its plan to start to unwind the $4.5 trillion portfolio of bonds. The subtle announcement should hopefully send a signal to markets to not make too big a deal of it, either.

Save the date! HUD Secretary Carson to host homeownership forum

It’s almost National Homeownership Month! To help bring awareness to the importance of the month, the Department of Housing and Urban Development is preparing to start the month of June off with a homeownership forum at its headquarters in D.C. Can't make it to D.C.? It’s also available online.