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Rocket Mortgage plans to double its purchase market share by 2027

Housing Wire

Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform.

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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

” Rocket expects the merger to generate over $200 million in run-rate synergies by 2027, including $140 million in cost savings from streamlining operations and $60 million in revenue gains by connecting financing clients with Redfin agents. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

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AI-Driven Fraud Poses a Serious Threat to the Mortgage Industry

Appraisal Buzz

fraud losses to grow by 32% each year moving forward, reaching $40 billion by 2027. Deepfakes often struggle to replicate natural blinking patterns and lip movements and may show overly smooth skin or inconsistencies in hair. A recent study from Deloitte estimates that generative AI could cause U.S.

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In a sluggish market, Rocket Mortgage courts brokers with pricing incentive

Housing Wire

Rocket told investors in September that by 2027 it aims to double its current market share in purchase mortgages to 8% from the current 4%, and its refinance share to 20% from 12%. By channel, Rocket reported $13 billion in closed loans in the second quarter via its direct-to-consumer channel and $11.3 billion through its TPO channel.

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Rocket to Purchase Redfin for $1.75B

Appraisal Buzz

Achieve significant earnings accretion: Rocket expects the combined company to achieve more than $200 million in run-rate synergies by 2027, including approximately $140 million in cost synergies from rationalization of duplicative operations and other costs.

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Remodeling Market Expected to Hit $4.9 Trillion by 2027

Appraisal Buzz

Trillion by 2027 appeared first on theMReport.com. Trillion by 2027 appeared first on Appraisal Buzz. A report by Global Market Insights, a Delaware-based market research and consulting firm, found that the current worldwide remodeling market is worth about $3.8 The post Remodeling Market Expected to Hit $4.9

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Douglas Elliman settles the commission lawsuits

Housing Wire

31, 2027, then Douglas Elliman will not be responsible for either of the Contingent Payments.” It will then make two payments of $5 million each, which are subject to certain financial contingencies, no later than Dec. million, or if Douglas Elliman’s Cash Balance is less than $40.0 million as of Dec. million at any point from Dec.

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