A look at Biden’s first week in office

This episode reviews last week’s inauguration of President Joe Biden, examining which housing issues the new administration has already taken action on.

Biden’s executive order will extend foreclosure moratorium

President Biden revealed his plan to sign 17 executive orders his first day in office, including am extension of the eviction and foreclosure moratorium to at least March 31.

How servicers continue to protect neighborhoods amid COVID

We spoke with MCS CEO Caroline Reaves about self-service technology, the shift to virtual and how servicers can prepare for post-COVID success by improving processes today.

HomeBridge’s Brian White on diversity at a practical level

HomeBridge's Brian “Woody” White discusses ways to increase diversity within the housing finance industry.

Real Estate

Opendoor resumes operations in five markets

The iBuyer reopens in Dallas-Fort Worth, Atlanta, Charlotte, Nashville and Tucson

After pausing its iBuying platform in late March and resuming operations in two cities in early May, Opendoor is reopening five more markets.

The company, which laid off almost a third of its staff in March due to COVID-19, announced on Wednesday that it restarted operations in Dallas-Fort Worth; Atlanta; Charlotte, N.C.; Nashville, Tenn.; and Tucson, Ariz. Opendoor previously offered its iBuying product in these cities prior to the coronavirus.

In early May, Opendoor resumed operations in Phoenix and Raleigh-Durham. At that time, the company said it would reopen more than 20 additional markets in the coming months. It also had launched three digital, contact-free products to help customers buy and sell homes amid physical distancing guidelines.

  • The first, Sell Direct, is Opendoor’s contact-free way for homeowners to sell their property directly to the company. Compared to the iBuying program Opendoor previously offered, Sell Direct now includes a virtual interior home assessment, eliminating in-person contact.
  • With Home Reserve, homebuyers can list their current home and buy their next one without a double mortgage. Opendoor buys the customer’s new home, all-cash, on their behalf, allows them to move into that new home and lists their current, empty home.
  • The third product is a self-touring system via the Opendoor app.

These three products will now be available in the five reopened markets, a company spokesperson said Wednesday.

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