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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. Rocket plans to acquire more mortgage servicing rights (MSRs) to open up a new channel for acquiring clients.

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Rocket is acquiring Redfin’s huge flow of purchase leads. Can the mortgage giant convert them?

Housing Wire

After the deal was announced, CEO Varun Krishna told investors that he expects a lift in purchase mortgage growth after the deal closes. When these clients are then connected with the best agents and the best loan officers, it creates a virtuous cycle. Essentially, it’s the holy grail of mortgage and real estate tech.

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The crypto-mortgage is the new kid on the block

Housing Wire

Essentially, through the so-called Bacon Protocol — a set of smart contracts and programming that exists on the Ethereum blockchain platform — investors can purchase stable coins, which are a form of “stable” cryptocurrency pegged to the value of the U.S. trillion and is projected to exceed $32 trillion in value by 2027.

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An open letter to President-Elect Trump: A market in crisis

Housing Wire

Respectfully, while I agree with the need for improvement in these areas, this strategy is akin to swallowing an aspirin in 2027 for a migraine you have today. Some stats: As recently as 2023, it is estimated that investors accounted for 27% of all single-family home purchases, up from the high teens in 2019.

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