With closure of merger, homebuyers get temporary rate buydown or up to $6,000 in lender credits from Rocket Mortgage when the buyer or seller is represented by a Redfin agent. Continue reading
By handling every aspect of homebuying and selling, from search to financing to title and closing — Rocket aims to cut transaction costs on the median priced home in half, from $40,000 to $20,000. Continue reading
New offering lets existing homeowners tap their equity to buy before they sell and make non-contingent offers to better compete with cash buyers in competitive markets. Continue reading
Nation’s largest lender reboots 1 percent down loans that cover up to $7,000 of the homebuyer’s down payment when financing a purchase backed by Fannie Mae or Freddie Mac. Continue reading
Lifting of the asset cap could give the bank greater leeway to originate jumbo mortgages that exceed Fannie Mae and Freddie Mac’s $806,500 conforming loan limit in most markets. Continue reading
With antitrust regulators declining to weigh in, $1.75 billion deal to marry a tech-focused mortgage lender to real estate brokerage could close by the end of the month. Continue reading
Although Rocket’s plans to acquire Mr. Cooper and Redfin are structured as all-stock deals, assuming their debts will leave Rocket more highly leveraged, Fitch analysts said of possible debt rating downgrade. Continue reading
Lawsuit seeks class action status to represent Redfin shareholders, claiming they need more information about financial advisor’s potential conflict of interest before June 4 merger vote. Continue reading
From Zillow’s return to profit to CoStar’s continued growth, Q1 earnings reveal how companies are adapting — and competing — in a shifting market. Continue reading
Home loan giant boosts Q1 mortgage production by 7 percent, to $21.6 billion, says Redfin and Mr. Cooper acquisitions remain on track to close this year. Continue reading