In the Money

Dropbox makes big move into eSignatures by acquiring HelloSign for $230 million

Dropbox will add eSignature technology to its offerings
Digital mortgages and electronic documents are becoming more commonplace, and now, there’s a big name in business that wants a piece of the action. Dropbox, the business collaboration platform, announced Monday that it is buying HelloSign, an eSignature and document workflow platform, for $230 million.
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The true economic impact of the shutdown has just begun to reveal itself

Initial estimates place loss to U.S. economy in the billions
Now that the longest government shutdown in U.S. history is officially over (for the time being, at least) and the dust is starting to settle, we’re getting our first look at the cost of the shutdown on the economy. According to S&P, the economy lost at least $6 billion dollars because of the shutdown, which S&P notes is more than the $5.7 billion that the White House requested for the border wall that was the central cause of the shutdown itself.
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Direct buyer Offerpad planning significant expansion, beginning in Texas

Begins operating in Houston metro area, San Antonio expansion coming soon
Last year, Offerpad secured $150 million in funding, which the direct homebuyer said it planned to use for business expansion. Late last year, Offerpad began operating in Tucson, Arizona, and expanded into the Dallas-Fort Worth metroplex. As it turns out, that won’t be the company’s only foray into Texas.
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Federal Reserve says student debt has hampered housing market

Links rise in debt to drop in homeownership and urban exodus among younger set
Student debt has impacted the housing decisions of young Americans, the Federal Reserve said, delaying homeownership and prompting a significant number of college grads to move away from rural areas. Researchers estimated that 400,000 borrowers who could have purchased a house didn’t because of their debt.
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OCC names new chief operating officer

Morris Morgan to aid in bank oversight
The Office of the Comptroller of the Currency has appointed Morris Morgan as senior deputy comptroller and chief operating officer, a role created to enhance the agency’s reporting structure. As COO, Morgan will oversee a number of the OCC's bank supervision units.
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Knock raises $400 million, plans massive expansion of home trade-in program

Direct buyer now operating in five markets
Around this time last year, Knock, a real estate startup that buys homes directly from homeowners, unveiled an expansion plan that would see the company grow its business beyond its first market of Atlanta. Since then, the company has indeed expanded and is now operating in five markets, but the company has much bigger plans than that. And now, the company has the money to reach those goals.
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Blackstone set to launch largest real estate fund ever

Record-shattering $20 billion fund set to make its mark on commercial real estate
Blackstone Group is set to finish raising capital for the largest-ever real estate fund. According to The Wall Street Journal, the $20 billion fund is expected to close in the first quarter of 2019 for most investors and may focus on tech hubs, remote resorts, rental properties and distribution centers.
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