Tag Archives: rocket

Gino Blefari out as HomeServices CEO, Chris Kelly promoted

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Blefari has helmed HomeServices of America for more than five years. Kelly had been serving as an executive vice president before being promoted. Continue reading →

Rocket bucks tariff stock market selloff on prospects for growth

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Lower mortgage rates could help lenders do more business, and investment analysts like Rocket’s plans to acquire real estate brokerage Redfin and loan servicing giant Mr. Cooper. Continue reading →

Real estate’s hottest hookups amid merger mania: The Download

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Compression trumps competition as real estate industry heavyweights look for their perfect partners and set themselves up for strength and success in the years ahead. Continue reading →

Compass negotiating to buy Berkshire Hathaway HomeServices

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The deal is reportedly nearing the finish line, though the companies have not agreed on final terms. Continue reading →

Reffkin slams MLS ‘monopoly’ amid Clear Cooperation debate

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Compass CEO Robert Reffkin argued against Clear Cooperation Wednesday during an Inman on Tour session in Nashville while warning that “data is the new oil” amid predictions of a national MLS. Continue reading →

Rocket: Redfin acquisition will cut consumer transaction costs by half

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Rocket executives say that a whopping $20,000 in savings from unifying home search, buying, selling, mortgage, title and servicing could allay antitrust concerns and keep regulators at bay after the deal closes. Continue reading →

Krishna, Kelman dish on the future of ‘the Rocket-Redfin experience’

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Rocket CEO Varun Krishna and Redfin CEO Glenn Kelman shared with Inman why they agreed to merge as part of a $1.75 billion acquisition. AI, data and a complete consumer experience were at the center of it. Continue reading →

US home lending giant Rocket Mortgage bidding Canada adieu

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Canadian mortgage strategist blames the country’s securitization market, which allows the country’s six biggest banks to sell mortgages to investors but is closed to smaller lenders. Continue reading →

Rocket’s $649M Q4 profit puts the company in the black for 2024

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In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29 percent, to $101.2 billion, and higher profit margins on those loans helped boost net revenue by 34 percent, to $5.1 billion. Continue reading →

Rocket Companies takes Super Bowl ad rivalries to new heights

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Rocket’s 60-second “Own the Dream” Super Bowl ad featured a live singalong by thousands of fans to John Denver’s “Take Me Home, Country Roads.” Continue reading →