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Rocket to Purchase Redfin for $1.75B

Appraisal Buzz

Rocket Companies has announced that it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction for a value $1.75 Drive purchase mortgage growth: The transaction will generate significant revenue synergies across search, real estate brokerage, mortgage origination, title and servicing.

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

Housing Wire

It seems that everyone in mortgage and real estate has an opinion about Rocket Mortgage ‘s pending $1.75 ” “Real estate is still a physical, relationship-driven business,” said another. ” “Real estate is still a physical, relationship-driven business,” said another.

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The Post-COVID shift: What Amazon and Zillow can’t do

Housing Wire

Mortgage lenders and real estate agents who do not provide customers with a digital experience are being left behind. As mortgage and real estate professionals, we need to think about how we are meeting consumer expectations, while also taking it a step further to offer additional value beyond the transaction.

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

Housing Wire

Another $700 million is expected to be invested in mortgage lending, with a focus on rural areas, the development of community mortgage loan officers, small-dollar mortgages and home improvement loans, among other products for LMI borrowers.

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