pros and cons of AI for real estate
'The reason that we are so obsessed with this technology is because it helps us with every single aspect of our business,' Rocket CEO Varun Krishna says in detailing how AI will power growth
by Matt Carter Oct 30
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
Rocket Companies has closed its acquisition of mortgage servicer Mr. Cooper for $14.2B. The final price is 51% higher than the initial offer of $9.4B
by Marian McPherson Oct 1
Judge gavel with justice lawyers to represent appraisal bias lawsuit
The FTC and Department of Justice are expected to scrutinize the impacts of the deal — which would give the merged companies a combined market share of 18 percent
by Matt Carter Sep 22
Compass to acquire Anywhere in $1.6B deal, capping rise to top
The upstart Compass had already grown to the top residential brokerage by sales volume. Now, it's moving to acquire its chief rival
Trump signs bill curtailing sale of mortgage trigger leads in 180 days
After the bill takes effect in March, credit bureaus will still be able to sell trigger leads to a borrower's current mortgage lender, loan servicer, or any bank or credit union they have an account with
by Matt Carter Sep 5
LoanDepot shares surge on bullish call by Citron Research
Andrew Left's controversial research firm has a thesis: Trump will win the 'war on housing,' and loanDepot's mortgage servicing business is hugely undervalued
by Matt Carter Sep 5
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
Rocket hopes the $9.4B deal will help it capture 20% of all mortgage refinancing and wrest back its title as the nation's biggest mortgage lender from rival United Wholesale Mortgage
by Matt Carter Sep 3
Rocket, Mr. Cooper merger OK'd by Fannie and Freddie regulator
A green light from the Federal Housing Finance Agency and antitrust regulators sets the stage for a Sept. 3 vote by Mr. Cooper shareholders on $9.4B mega merger
by Matt Carter Aug 27
Gavel over one hundred dollar bills represents Newrez' settling a complaint
California regulators collect $1.8M fine after accusing Caliber Home Loans of overcharging nearly 5,000 borrowers for interest that accrued before their first mortgage payment was due.
by Matt Carter Aug 18
Mortgage lenders are turning to AI to play in the big leagues
Rocket Mortgage and UWM are counting on AI to help them scale their businesses as mortgage rates fall. Executives at small- and mid-size lenders say they don't want to be left behind
by Matt Carter Aug 15
Here's the last look at Redfin's finances as an independent company
The tech-based brokerage’s losses were mounting in 2025 before it merged with Rocket in a deal valued at just under $1.8B, according to new documents
by Taylor Anderson Aug 14
A home in front of an Instagram background to symbolize Instagram for real estate agents.
After amplifying Rocket's Super Bowl ad with a social campaign that generated 247 million views, Viral Nation is now tasked with helping the mortgage giant showcase real client stories
by Matt Carter Aug 12
Tidalwave and Bevri.ai launch agentic AI for mortgage brokers
Mortgage technology startup leveraging integrations with Fannie Mae, Freddie Mac and ICE Mortgage Technology to grow its stable of clients -- which now include NEXA Mortgage.
by Matt Carter Aug 12
Defying conventional wisdom, UWM grows mortgage refis
While rival Rocket Mortgage seeks to boost refis by becoming largest US loan servicer, UWM CEO Mat Ishbia says AI, competitive pricing will help mortgage brokers compete for borrowers
by Matt Carter Aug 7
Mortgage trigger leads will be less crazy, but they ain't going away
Loopholes in new law mean credit bureaus will still be able to sell applicants' information to their current lender, servicer or bank — a boon for lenders who also service their own loans
by Matt Carter Aug 5