iBuyer Opendoor’s recently launched mortgage product — which promises below-market interest rates after the company removed its markup — has sparked debate across the industry about who absorbs the cost and whether the model is sustainable. Some industry professionals view the offering as similar to the strategy many homebuilders use — providing below-market mortgage rates […]
Is Opendoor playing the builder rate buydown game? Read More »
Opendoor may have lost $1.3 billion in 2025, but company executives say the iBuyer is back on track to becoming a profitable business. On an earnings call with investors and analysts Thursday evening, Opendoor CEO Kaz Nejatian called his company’s fourth quarter and full-year 2025 earnings “good.” During the fourth quarter of 2025, Opendoor reported
Opendoor posts $1.3B loss in 2025 but sees path to profitability Read More »
The executive team switch-ups at iBuyer Opendoor are continuing. On Monday, the firm announced the appointments of Lucas Matheson as president and Christy Schwartz as chief financial officer. Matheson most recently served as the CEO of Coinbase Canada. Prior to this, Matheson spent five years in a variety of operational roles at Shopify where he
Opendoor names Lucas Matheson president, Christy Schwartz CFO Read More »
Opendoor’s recently appointed CEO Kaz Nejatian used the firm’s third-quarter earnings call with investors and analysts to introduce himself and reintroduce the company he has been tasked with turning around. “I’m a computer nerd turned lawyer, turned founder, but I think of myself primarily as a product manager,” Nejatian said during Thursday evenings call. “That’s
Opendoor hits reset: The iBuyer goes full founder mode with new CEO Read More »
Opendoor Technologies announced Wednesday that it has named Kaz Nejatian, the former chief operating officer of Shopify, as its new CEO. Nejatian will also join Opendoor‘s board of directors as he takes over for Carrie Wheeler, who stepped down last month. The San Francisco-based iBuyer also announced two other personnel moves as co-founders Keith Rabois
Opendoor hires Kaz Nejatian as new CEO Read More »
After its ride on the meme stock rollercoaster and the resignation of its CEO, Opendoor has indicated it is ready to start a new chapter, one that will ideally bring it back to profitability, but activist retail investors are asking that they get a say in the firm’s next moves. Opendoor’s eventful summer began in
Is Opendoor the next meme stock revival story or fool’s gold? Read More »
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: ICE integrates Mortgage Analyzer with Freddie Mac’s borrower verification tool ICE Mortgage Technology has integrated Freddie Mac’s AIM Check API into its Mortgage Analyzer, enabling faster, AI-powered income
Tech Pulse: ICE integrates with Freddie Mac, AI Summit welcomes experts Read More »
As Opendoor looks forward on its path to profitability, the iBuyer is looking to leverage agent relationships to expand its business. A day after discussing this strategic shift during the firm’s second-quarter 2025 earnings call with investors and analysts, Opendoor has announced a partnership with the Jason Mitchell Group (JMG) a powerhouse real estate referral
Opendoor teams up with Jason Mitchell Group Read More »
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: Senate Democrats press FHFA on crypto use in mortgages Five Senate Democrats are urging caution as the Federal Housing Finance Agency considers allowing unconverted cryptocurrency in mortgage underwriting.
Tech Pulse: Lawmakers press FHFA on crypto for mortgages Read More »
Move over, Gamestop — there’s a new memestock in town. The equity price of iBuyer pioneer Opendoor has surged of late, and it appears entirely driven by Reddit’s infamous Wall Street Bets subreddit and other social media platforms. As of Monday morning, Opendoor shares were trading for $3.31, a shocking 429% rise in just one
To the moon! Opendoor is Reddit’s new memestock Read More »