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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

Brokerage 482
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Rocket to Purchase Redfin for $1.75B

Appraisal Buzz

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. According to Yahoo!

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TD Bank launches three-year plan to invest $10B in affordable homeownership

Housing Wire

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. billion in loans, down 25% year over year, according to Inside Mortgage Finance estimates. In the mortgage space, TD Bank was a top-35 U.S.

Investing 447
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Rocket is acquiring Redfin’s huge flow of purchase leads. Can the mortgage giant convert them?

Housing Wire

Rocket connects with 2 million purchase contracts annually when they explore affordability and mortgage financing. “Rockets acquisition of Redfin is a strategic move to integrate digital platforms in real estate, creating a seamless marketplace that connects search, brokerage, and financing with capital markets,” Kelleher shared.

Mortgage 281
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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

Described as a “blueprint” for the GSEs’ 2025–2027 “Duty to Serve” plans, the publication aims to highlight a more important role that Fannie and Freddie are set to play in facilitating access to the U.S. mortgage finance system. Better loan products to serve “high-needs rural regions” should also be developed.

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GSEs Seek Input on Duty to Serve Plans

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the GSEs) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027.

Finance 390
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FOA announces amendment and update for bond exchange offer

Housing Wire

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later.

Finance 432