Amid expansion, Opendoor lost $270M in Q1

Opendoor wants to give residential real estate brokerages a run for their money, but its first quarter earnings suggest the company is not quite there yet.    The San Francisco-based instant homebuyer announced a net income loss of $270 million on Tuesday, a 421 percent jump compared to the first quarter of 2020’s $62 million…

Unexpected Lessons from a Year of Foster Care

Published: by Crystal Paine on May 11, 2021  |  This post may contain affiliate links. Read my disclosure policy here. It has been just over a year since we brought home Champ, our first long-term placement in our foster care journey. It’s been a year of learning, growing, and riding a rollercoaster of emotions. In this episode…

I bought my parents’ house at below-market rate — my sister wants me to give her $50K to build my mother an annex. Is that fair?

My mother turns 81 this year. For years, she and my sister talked about building an annex onto my sister’s house so my mom could move in with her. My mom promised to pay for the addition. Together, they hired an architect and decided to start construction. I was not consulted on any of this.…

Lone Wolf acquires LionDesk and Homespotter

Real estate software company Lone Wolf Technologies announced Monday the acquisition of two real estate technology companies, LionDesk and Homespotter. Lone Wolf currently serves more than 1.5 million real estate professionals in Canada and the U.S. “These acquisitions embody our mission to simplify real estate,” said Jimmy Kelly, Lone Wolf CEO. “We’re bringing the best…

Better.com to go public via SPAC at $7.7B valuation

The special purpose acquisition company market isn’t dead yet, apparently. SoftBank Group-backed digital lender Better.com plans to make its public debut in the fourth quarter of 2021 via SPAC, in a deal that would value the company at nearly $8 billion, the firm said Tuesday. Better.com, which offers mortgage, real estate, title and homeowner insurance…

My boyfriend’s brother lent me $6K to buy a house 12 years ago. It rose 128% in value. How much extra should I give him back?

I love reading your column, and hearing about all the different aspects of financial questions, but now it’s my turn to ask for your advice. Twelve years ago, my boyfriend’s brother lent us $6,000 to cover closing costs on a home purchase, plus a little extra for initial repairs. (If it’s relevant, the title and…

UWM expects big margin decline in Q2

The parent company of United Wholesale Mortgage reported $860 million in net income during the first quarter of 2021, but there are clear signs that the going has already gotten tough. In total, UWM originated $49.1 billion in closed loan volume in the first quarter, down from the $54.7 billion in the fourth quarter (but…