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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.

Mortgage 459
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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.

Brokerage 482
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Rocket to Acquire Mr. Cooper in $9.4B Transaction

Appraisal Buzz

trillion across nearly 10 million clients, or one in every six mortgages in America. We look forward to welcoming Mr. Coopers nearly seven million clients. Following the acquisition of Mr. Cooper, Rocket will gain understanding of nearly seven million additional clients and 150 million annual customer interactions.

Clients 407
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Rocket to Purchase Redfin for $1.75B

Appraisal Buzz

In 2024, Rocket saw an 8% year-over-year increase in purchase market share and aims to further accelerate growth through this acquisition. Rocket will match homebuyers with the best real estate agents and the best loan officers across the combined companies.

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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.” Our global network of leading agents and luxury brand continue to position Douglas Elliman for future success as real estate markets stabilize. million, or if Douglas Elliman’s Cash Balance is less than $40.0 million as of Dec.

Brokerage 468
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Rocket is acquiring Redfin’s huge flow of purchase leads. Can the mortgage giant convert them?

Housing Wire

“ It won’t do much now because their market shares are relatively small, but in a couple years they’re going to have a wall of scalps,” said one attendee. When these clients are then connected with the best agents and the best loan officers, it creates a virtuous cycle. billion deal for Redfin.

Mortgage 281
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First Financial Bank to invest $700M by 2028 in affordable mortgages

Housing Wire

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. Cincinnati-based First Financial Bank has agreed to direct $2.4

Investing 434