From Zillow’s return to profit to CoStar’s continued growth, Q1 earnings reveal how companies are adapting — and competing — in a shifting market
Home loan giant boosts Q1 mortgage production by 7%, to $21.6B, and executives say plans to acquire Redfin and Mr. Cooper remain on track to close this year
Executives put a positive spin on prospects for growth, with loan origination volume up 17% from a year ago to $32.4B, with refi boom helping drive 5% increase in revenue to $613.4M
Long-term agreement with ICE Mortgage Technology will help nation's largest mortgage lender bring $242B loan servicing portfolio in-house, boost repeat business and referrals
A $1.95T asset cap that's limited the bank’s growth could be lifted in Q2 with CFPB and other regulators having closed 12 of 14 consent orders aimed at remedying past business practices
Under new leadership, OCC settles actions against 2 executives tied to 2016 scandal for $150K and won't say if it will defend court challenge of $10M fine in a 3rd case
Nation's largest loan servicer turned an $88M Q1 profit and remains on track to be acquired by Rocket in Q4, a deal that's prompted United Wholesale Mortgage to cut ties to Mr. Cooper
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
Deal gives the nation's biggest provider of riskier 'non-QM' mortgages additional capacity to offer more traditional loans backed by Fannie Mae and Freddie Mac, FHA, VA and USDA
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
Lenders are no longer under orders to keep a sharper lookout for appraisal bias or have a process for helping borrowers who suspect appraisal bias to ask for a 'reconsideration of value'
Rocket executives say unifying home search, buying, selling, mortgage, title and servicing could net $20K in savings — which might allay antitrust concerns and keep RESPA regulators at bay
Rocket CEO Varun Krishna and Redfin CEO Glenn Kelman share why they've agreed to merge as part of a $1.75B acquisition. AI, data and a complete consumer experience were at the center
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