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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

” Rocket and Redfins approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical, said Glenn Kelman , CEO of Redfin. 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

Rocket and Redfins approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical, said Kelman. Rockets digital platform has grown to provide home financing in all 50 states across more than 3,000 counties and parishes.

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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. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 434
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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.

Investing 447
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loanDepot concludes $500M debt extension

Housing Wire

A loanDepot subsidiary, LD Holdings Group LLC, will exchange its outstanding senior notes due in 2025, paying 6.5%, for senior secured notes due in 2027, paying 8.75%, according to an 8-K filing sent Thursday to the Securities and Exchange Commission (SEC). California-based loanDepot has concluded the transaction to extend $497.7

Investing 448
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Redwood Trust to close $85M in debt offering

Housing Wire

The company said the proceeds of the debt offering are expected to fund, among other things, the firm’s residential lending business, the acquisition of mortgage-backed securities (MBS), and strategic acquisitions and investments.

Investing 445
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Rocket is acquiring Redfin’s huge flow of purchase leads. Can the mortgage giant convert them?

Housing Wire

” “Over the past year or two we’ve seen an increased preference amongst consumers for a less transactional and more advisory interaction with mortgage lenders,” commented Bruce Gehrke, senior director of lending intelligence at J.D.

Mortgage 266