Real estate and mortgage services provider has racked up $363M in cumulative losses and ended Q1 with $30.8M of cash and cash equivalents following debt restructuring
Fitch Ratings warns of potential dowgrade of Rocket debt rating if Redfin and Mr. Cooper deals close, while decline in share price suggests investors have doubts Mr. Cooper is worth $9.4B
The all-stock deal is set to close in Q4 2025. Mr. Cooper Group Chair and CEO Jay Bray will become president and CEO of Rocket Mortgage while reporting to Rocket Companies CEO Varun Krishna
This acquisition will integrate Redfin's home search platform, which features over 1M listings and a network of 2,200 agents, with Rocket Companies' mortgage origination and servicing
Ally, which originated $1B in mortgages in 2023 through a partnership with Better and is an investor in the company, is laying off hundreds of employees and exiting the mortgage business
Survey finds lenders that have remained staffed up and invested in digital processes that streamline the mortgage process are crushing their competitors on customer satisfaction
Sonar can be white-labeled for companies wanting to deliver their own solution to the market and can help smaller firms deliver a competitive software solution to tech-forward consumers
Proceeds from sale of up to 34.5M shares, which hit a 52-week high on Sept. 19, to be used for corporate purposes that may include future acquisitions, investments or debt repayment
Powered by mortgage rates from Zillow Home Loans, BuyAbility tool could help listing portal's lending affiliate get a head start on other lenders that it competes with for homebuyers
Rising population rates and a shrinking racial wealth gap have led to a rise in new mortgage applications among homebuyers of color, according to Redfin's latest report
Mortgage fraud scheme allegedly listed investors as homeowners to secure lower interest rates, prosecutors allege in criminal complaint against 'Team Gallo' leader and his assistant
As mortgage rates soared last year, loanDepot slashed $693M in annual expenses but saw loan origination volume plunge by 58% from the year before, to $22.7B, as refinancings evaporated
Upward of 1,000 Academy Mortgage employees will make the transition to Guild, including more than 600 originators, Guild said in announcing the 6th acquisition in 3 years
Cost-cutting helped the Detroit-based mortgage lending giant rack up its second consecutive profitable quarter, but at $61.45B, 2023 mortgage originations are down 46% from a year ago
Beeline CEO is unfazed after lender launches what it claims is the world's first AI mortgage chatbot during same week FTC hits ChatGPT creator OpenAI with an investigative demand