A group of employees at Summit Funding, most of them in back-office roles, are being laid off but may receive job offers from CrossCountry Mortgage (CCM) as part of the companies’ pending M&A deal, according to filings with California authorities. Cleveland-based CCM agreed last week to acquire Sacramento-based Summit Funding, a move that expands its…
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Proptech investment trends are shifting beyond AI, with capital flowing into mortgages, insurance, utilities and housing’s core financial infrastructure.
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Hopes of a robust spring homebuying season are quickly running into harsh economic realities related to the war in Iran, inflation and other factors.