article thumbnail

Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 billion in equity. The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025.

Brokerage 482
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rocket to Acquire Mr. Cooper in $9.4B Transaction

Appraisal Buzz

Founded in 1985, Rocket Companies fintech platform includes mortgage, real estate, title, and personal finance businesses: Rocket Mortgage, Rocket Homes, Rocket Close, Rocket Money, and Rocket Loans. Mr. Cooper Group provides servicing, origination, and transaction-based services throughout the U.S. billion of equity value.

Clients 407
article thumbnail

AI-Driven Fraud Poses a Serious Threat to the Mortgage Industry

Appraisal Buzz

In a recent report, Sarah Frano, vice president and real estate fraud expert at First American Title Insurance Company , explains that scammers are increasingly harnessing AI to generate deepfake videos and fraudulently pose as legitimate borrowers. fraud losses to grow by 32% each year moving forward, reaching $40 billion by 2027.

Mortgage 312
article thumbnail

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.

Mortgage 281
article thumbnail

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
article thumbnail

Success Mortgage CEO nominated as MBA vice chairman

Housing Wire

Lee’s nomination was announced by Mark Jones, the 2024 MBA chairman and president of Union Home Mortgage , who describing Lee as “an exemplary leader and prominent voice in the real estate finance industry.” “For

Mortgage 448