Although GAAP profitability continues to elude Opendoor Technologies, the company reported a positive result under one non-GAAP measure, its first in three years. The company, which facilitates cash offers for real estate buyers, cut its net loss from the previous year by 68%, but guidance going forward was less encouraging. These results were announced after […]
Opendoor reduces losses by 68% in the second quarter Read More »
Last month, Rhode Island enacted a new cybersecurity law significantly tightening cybersecurity requirements for nonbank financial institutions within the state, largely mirroring the framework established by the New York Department of Financial Services, or NYDFS. The law, effective immediately, applies to nonbank financial institutions licensed by the state’s Department of Business Regulation and signals a
Rhode Island writes its own cybersecurity rules for nonbanks Read More »
Mortgage applications rebounded this week as a drop in mortgage rates encouraged a bump in purchases and refinancing. In its weekly applications survey, the Mortgage Bankers Association reported a 3.1% increase in mortgage applications week-over-week. Both purchases and refinances saw upticks, with the refinance index up 5% from the week before and the seasonally adjusted
Rate drops offer reprieve for mortgage applications Read More »