Housing Wire

MARCH 18, 2025

But in light of Redfins blockbuster sale to Rocket Mortgage that was announced less than two weeks later, hindsight dictates that Kelman may have known that the end of independence was coming for the company hes run for almost 20 years. It shows in the data. Since the first quarter of 2021, Redfins agent count has fallen by 22.5%.

Brokerage 395

Brokerage Agents Housing Market Realty 395

Housing Wire

FEBRUARY 1, 2025

Higher mortgage rates are forcing many first-time homebuyers to adopt a “wait-and-see” approach to the market. Agents reported that 27% of first-timer buyers requested mortgage rate buydowns from sellers. ” Despite forecasts that predict mortgage rates above 6% in 2025, agents hope for a shift in the market.

Buyers 482

Buyers Real Estate Agent Mortgage Real Estate 482

Housing Wire

MARCH 31, 2025

Rocket Companies is buying Mr. Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. The Detroit-based fintech , which is also in the midst of acquiring real estate brokerage and home search portal Redfin for $1.75

Finance 468

Finance Clients Brokerage Mortgage 468

Housing Wire

MARCH 3, 2025

Bank7 is expanding its mortgage reach in Oklahoma. The community bank has completed its acquisition of First American Mortgage, Inc. , a small mortgage lender and brokerage based in the suburbs of Oklahoma City. Yukon-based First American Mortgage, Inc. Yukon-based First American Mortgage, Inc.

Mortgage 294

Mortgage Valuation Brokerage Appraisal 294

Housing Wire

MARCH 10, 2025

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

Brokerage Real Estate Finance Agents 482

Housing Wire

MARCH 20, 2025

billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. It seems that everyone in mortgage and real estate has an opinion about Rocket Mortgage ‘s pending $1.75 After the deal was announced, CEO Varun Krishna told investors that he expects a lift in purchase mortgage growth after the deal closes.

Mortgage 281

Mortgage Real Estate Brokerage Loan Officers 281

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. Be My Neighbor will enable reAlpha to provide integrated mortgage services to consumers who utilize the reAlpha platform to purchase homes, reAlpha said. Publicly traded real estate software firm reAlpha Tech Corp.

Brokerage 458

Brokerage Mortgage Real Estate Renovations 458

Housing Wire

OCTOBER 22, 2024

The Real Brokerage is keeping attendees of RISE, its third annual agent conference, on their toes. Additionally, the brokerage said it expects that Real Wallet users will have the opportunity to earn promotional rewards points that are redeemable toward reduced brokerage and transaction fees.

Agents 435

Agents Brokerage Design Clients 435

Housing Wire

MARCH 11, 2025

Federally registered broker and correspondent lender Milestone Mortgage Solutions has acquired Willow Home Loans and is looking to join the $1 billion origination club this year. ” Russell Petty, the founder of North Carolina -based Willow (formerly Grow Mortgage), said he expects to do $1 billion in origination volume in 2025.

Mortgage 370

Mortgage Loan Officers Brokerage Technology 370

Housing Wire

AUGUST 7, 2024

The Real Brokerage isn’t tapping the brakes on its rapid expansion. The ballooning agent count pushed brokerage revenue to $340 million, an 84% year-over-year improvement. The company believes that adding agents will help it weather a frozen housing market and elevated mortgage rates that have stymied the industry. “We

Brokerage 468

Brokerage Agents Technology Clients 468

Appraisal Buzz

MARCH 10, 2025

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 Founded in 2004, Redfin operates a home search platform with more than one million for-sale and rental listings and a tech-powered brokerage of more than 2,200 agents.

Real Estate Agent 428

Real Estate Agent Brokerage Real Estate Agents 428

Housing Wire

AUGUST 22, 2024

Seattle -based real estate brokerage Redfin imposed a new round of layoffs on Thursday, a development first reported by GeekWire. Amid the flurry of commission lawsuits across the country over the past year, brokerages like Redfin have restructured their compensation plans to retain existing agents and attract new ones.

Brokerage 459

Brokerage Agents Real Estate Insurance 459

Housing Wire

AUGUST 5, 2024

Declining mortgage rates should theoretically spark additional mortgage applications, home sales and refinances. A number of mortgage lender stocks experienced tepid losses relative to the rest of the market — and some even went up. Rocket Mortgage, which has a huge refinance business, added 3% in value. RE/MAX shed 4.7%

Brokerage 488

Brokerage Marketing Real Estate Mortgage 488

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. There are some caveats related to counseling services, referrals, and duplicative work.)

Brokerage 448

Brokerage Mortgage Development Insurance 448

Housing Wire

APRIL 24, 2024

It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. 1 brokerage by listing count from 2019 through 2023. The top 10 brokerages in Dallas by listing count were responsible for 12,145 listings in 2023. of the MLS listings held by these brokerages in 2019 to 7.2%

Brokerage 448

Brokerage Realty Marketing Real Estate 448

Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. “Rocket went public and the times have changed. Department of Veterans Affairs ( VA) and U.S.

Lending 459

Lending Brokerage Human Resources Real Estate Agent 459

Housing Wire

APRIL 22, 2024

With home sales still at historically low levels and uncertainty over the commission lawsuits , real estate brokerage executives prize good leads more than ever. Djon spoke on Sunday during a session on lead generation at The Gathering, HousingWire ’s real estate and mortgage conference, held in Scottsdale, Arizona.

Brokerage 448

Brokerage Real Estate Realtors Real Estate Agent 448

Housing Wire

DECEMBER 26, 2023

There is no question that the headline of the year in 2023 for many publicly traded brokerages was the commission lawsuits. But in 2024, industry analysts believe mortgage rates will be the primary focus for many firms. “I But not everyone shares his rosy outlook.

Brokerage 476

Brokerage Mortgage Agents Bracketing 476

Housing Wire

MARCH 27, 2024

Brokerages took notice, resulting in a surge in companies and office locations competing for their share of listings, according to CoreLogic multiple-listing service data shared exclusively with HousingWire. But high mortgage rates and high home prices proved too much for the listings boom in Jacksonville.

Brokerage 476

Brokerage Realty Real Estate Inventory 476

Housing Wire

OCTOBER 17, 2024

In 2011, he founded the innovative brokerage The Agency RE, and he recently launched a real estate agent trade group that aims to serve as an alternative to the National Association of Realtors (NAR). Why is now the right time to expand into mortgages? As an entrepreneur, Mauricio Umansky has displayed remarkable versatility.

Real Estate 459

Real Estate Brokerage Agents Real Estate Agent 459

Housing Wire

DECEMBER 5, 2024

mortgage holders held $17.2 trillion is considered “tappable,” according to data from ICE Mortgage Technology ’s November 2024 Mortgage Monitor report. The company launched its real estate brokerage, Splitero Homes , in October 2023 to serve home sellers who are already Splitero clients.

Investing 392

Investing Brokerage Technology Real Estate 392

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. The Seattle-based brokerage found that real estate investor purchases dropped by 2.3% in Q1 2022, when investors were taking advantage of low mortgage rates.

Investors 488

Investors Real Estate HOA Housing Market 488

Housing Wire

APRIL 22, 2024

In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms.

Brokerage 467

Brokerage Real Estate Agents Sellers 467

Housing Wire

DECEMBER 30, 2024

Although higher home prices , rising mortgage rates and other expenses are obvious factors, there may be more to the story. Simply put, some renters are choosing to avoid rising homeownership costs, moving expenses and brokerage fees, Redfin explained. There is some hope for potential buyers and sellers if mortgage rates decline.

Inventory 488

Inventory Sellers Housing Market Contracts 488

Housing Wire

MARCH 22, 2024

The market grappled with low inventory and mortgage rates that gave many homebuyers a reason to pause. eXp, Compass take top spots again For the second year in a row, virtual brokerage eXp Realty , led by CEO Glenn Sanford , retains the No. The Real Brokerage proved its model is enticing for agents and teams by adding $6.8B

Brokerage 448

Brokerage Realty Real Estate Inventory 448

Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. Now, it’s time to join a brokerage. But keep in mind that licenses will need to be renewed.

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

APRIL 4, 2025

An illustration of a mortgage executive losing a top-producing LO who wishes to become a 1099 LO. The mortgage executive who called was initially excited because he feels like hes abiding by the rules of Dodd-Frank in classifying his LOs as W2 employees. Illustration made with ChatGPT A source called with what sounded like big news.

Loan Officers 356

Loan Officers Brokerage Legal Law 356

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. The pessimism is visible in mortgage rates. Freddie Mac ‘s weekly Primary Mortgage Market Survey is climbing back towards 7%.

Mortgage 493

Mortgage Brokerage Real Estate Tenants 493

Housing Wire

MARCH 27, 2024

With its supercharged growth over the past two years, it is no surprise that The Real Brokerage topped the 2024 RealTrends 500 Top Movers list for both transaction side count and sales volume. But for Real, which runs a virtual brokerage model with revenue sharing for its agents, the goal is to get better, not necessarily bigger.

Brokerage 482

Brokerage Agents Training Business 482

Housing Wire

JANUARY 10, 2025

The Seattle-based brokerage company laid off 46 employees on Thursday. The brokerage most recently laid off 82 employees in August 2024. Redfin has started 2025 with a round of layoffs. No agents were impacted. We’re continuing to aggressively hire agents , the spokesperson wrote. But the company reported a net loss of $33.8

Brokerage 397

Brokerage Agents Housing Market Marketing 397

Housing Wire

MARCH 12, 2025

Fathom Realty rolled out two new agent commission plans in 2024, and the brokerage isnt done yet. To back the new plan, Fregenal cited a survey showing that almost 90% of agents want more from their parent brokerages, but he offered no details on whats to come. The plan is designed to help agents close more business.

Agents 307

Agents Brokerage Realty Design 307

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. NEXA did $6.29

Mortgage 468

Mortgage Brokerage Loan Officers Business 468

Housing Wire

MARCH 3, 2025

HousingWire is proud to announce the 2025 Finance Leaders, recognizing 40 of the most impactful finance executives in the mortgage and real estate industries.

Finance 416

Finance Real Estate Realty Lending 416

Appraisal Buzz

MARCH 31, 2025

trillion across nearly 10 million clients, or one in every six mortgages in America. Servicing is a critical pillar of homeownershipalongside home search and mortgage origination, said Varun Krishna , Rocket CEO. Highlights of the Transaction Rocket Mortgage has ranked number one in J.D. billion of equity value.

Clients 408

Clients Real Estate Finance Technology 408

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. Brokerage Leaders Increasing per-agent production : 26% highlighted this as a significant challenge.

Real Estate 459

Real Estate Housing Market Real Estate Agent Marketing 459

Housing Wire

MARCH 7, 2025

Rocket Mortgage is shutting down its Canadian operations as the company refocuses on its core U.S. We want to assure our clients that all loans in process will proceed without issue, and we remain committed to supporting them through this transition, Rocket Mortgage said in a statement.

Mortgage 221

Mortgage Real Estate Agent Insurance Clients 221

Housing Wire

DECEMBER 3, 2024

Zillow Home Loans — the platform’s affiliate mortgage lender — pushes the future of financing. Offering access to market-defining research and data Most shoppers review listing and pricing information through the Zillow platform, brokerage websites, or multiple listing services (MLSs).

Tools 397

Tools Finance HOA Property Taxes 397