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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 billion in equity. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

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Compass in negotiations to buy HomeServices of America

Housing Wire

The deal involves two of the nations top-four brokerages by sales volume in 2024, according to data from RealTrends Verified. billion across more than 177,000 home sales. billion across nearly 236,000 sales. billion in equity. billion in equity. Compass ranked No. 1 last year with $184.5 4 with $133.8

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loanDepot returns to profitability, announces new strategic plan 

Housing Wire

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. year over year. Origination volume was $6.7 billion on Sept.

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Redfin acquires Bay Equity, pink slips 121 staff

Housing Wire

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

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Shared equity provider EquiFi names Paul Giangrande to head mortgage division

Housing Wire

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. Homeowners typically repay the funds provided by selling their property, with the HEI provider recouping their initial investment plus a portion of the sales price.

Equity 393
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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period.

Equity 468
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Realogy to sell title arm for $210M, form JV

Housing Wire

agreed to form a title insurance underwriter joint venture with a $210 million investment from private equity investment firm Centerbridge Partners , a move sure to shake up the title space. The sale-and-JV formation will allow Realogy to gain liquidity from the sale of its title insurance business while still maintaining a position in title.

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