Rocket reorganizes to close Redfin acquisition, Mr. Cooper on deck

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

Rocket rolls out bridge loan to win more business from homebuyers

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

Redfin teams up with Thumbtack on home improvement offering

The partnership is meant to help homeowners find tradespeople who can do tasks such as painting, cleaning, HVAC maintenance and more, the companies announced Wednesday. Continue reading

Compass names Lacey Conway executive vice president of M&A

Conway joined Compass last spring when Latter & Blum was acquired by the brokerage and has served as a regional vice president since then. Now she will lead M&A strategy. Continue reading

Redfin shareholder sues for more information on Rocket merger

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

Mortgage lender Lower acquires Movoto

The deal will give Lower greater reach, while also contributing to an “end-to-end homeownership” platform — increasingly the holy grail of real estate technology. Continue reading

Rocket says it could close Redfin acquisition as soon as this quarter

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

Redfin unfazed by 2% revenue drop as it finalizes deal with Rocket

Despite a year-over-year decline in Q1, CEO Glenn Kelman voiced confidence in a statement on Tuesday as Redfin continued to finalize its $1.75 billion all-stock merger with Rocket Companies. Continue reading

ERS merges with investment firm, partners with eXp

The Nebraska-based company’s agents will now be a part of eXp, while the parent company merges with Good Life Capital in a bid to build an all-in-one platform. Continue reading

Sue Yannaccone reveals launch of new title venture ‘Upward Title’

The Anywhere Brands chief reveals that her company is expanding a title venture, and she argues that consolidation and integration will dominate the real estate industry. Continue reading