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CoStar closes $1.6B purchase of Matterport

Housing Wire

Roughly 10 months after it first announced the planned deal, CoStar Group said Friday that it has completed its acquisition of 3D digital mapping technology firm Matterport. CoStar paid $1.6 billion for the acquisition. ” According to a press release, Matterport has mapped more than 14 million spaces in 177 countries.

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No, homeowner delinquency rates aren’t elevated

Housing Wire

These loans pertain to multifamily mortgages, which are used for commercial properties with five or more units, such as apartment buildings. As always, you have to examine the data closely before concluding anything on the internet. However, the data references Freddie Mac ‘s Serious Delinquency levels on multifamily loans.

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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. CRE firms are also suffering through the highest interest rates seen in years. CREs need not go it alone.

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MoxiWorks secures additional funding, names new CRO

Housing Wire

The real estate technology company will be aided on this journey by additional capital it has secured from its ownership group, which includes private equity partner Vector Capital , and brokerages Howard Hanna Real Estate Services and Windermere Real Estate , according to an announcement on Friday. MoxiWorks is looking to up its game.

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Rocket’s Varun Krishna thinks Redfin deal can expand opportunities for broker network

Housing Wire

Notably, the company recently launched its AI-powered website, Rocket.com , brought on Katie Sweeney as executive vice president of broker advocacy for Rocket Pro , made a Super Bowl commercial comeback and kicked off a companywide rebranding campaign. Redfin has always stood for that, representing the front end of the funnel.

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Outsourcing for efficiency: How SitusAMC is enhancing primary market origination with third-party resources

Housing Wire

How do we get a loan from I want a house to its closed and done before they walk away? The real estate company handles the entire lifecycle of the loan process, from processing and underwriting to closing and servicing. Digital tools and technology are only the tip of the spear regarding SitusAMCs solutions.

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Mid America Mortgage rebrands to Click n’ Close

Housing Wire

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

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