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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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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. Department of Veterans Affairs (VA) space.

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Kickback accusations nothing more than government abuse and overreach, Pennsylvania mortgage brokerage says

Housing Wire

According to the complaint, Newhart and the other defendants transferred “things of value,” specifically underpriced, nonvoting stock in Newhart-owned mortgage brokerages to real estate agents and brokers, who in return referred their clients back to the Newhart-owner mortgage brokerages.

Brokerage 218
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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 acquisition is intended to enable Seattle-based Redfin to expand its loans products nationally, as it wants to be a one-stop-shop for brokerage and lending.

Equity 488
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Shared equity provider EquiFi names Paul Giangrande to head mortgage division

Housing Wire

Giangrande will also lead negotiation efforts for wholesale brokerage agreements with mortgage companies that seek to partner on EquiFi’s home equity investment (HEI) contract and other products. According to data from DBRS Morningstar , at least nine securitizations involving HEI-type agreements totaling $1.89

Equity 381
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Compass is Guaranteed Rate’s latest dance partner

Housing Wire

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. Guaranteed Rate Affinity originated $13.4

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“Do the work:” Gary Keller tells agents there’s more than enough homes to sell in their markets

Housing Wire

There are more than enough homes sales in your market for every one of you to hit your goals if you do the right things. To help attendees increase their knowledge of current macroeconomic and housing market conditions, Keller and other brokerage firm leaders walked agents through some of the current trends. million in 2025.

Agents 345