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Ruoff Mortgage teams with Calque on ‘buy before you sell’ offering

Housing Wire

Sellers can tap into their current home equity in a bid to buy another property without coming up with cash for a down payment. Buyers are not required to prepare their current home for sale until after they move into the new property. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 billion in equity. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

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Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions

Housing Wire

Material contracts There may be numerous contracts containing provisions that may trigger liability or exposure upon the sale of a business. These issues are not a consideration when the M&A discussions begin, but it could significantly impact the final purchase price in order to address an unforeseen liability.

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Home prices expected to dip as supply and demand collide

Housing Wire

Except for a brief dip in 2023, home prices have increased on a yearly basis since 2012, driven by a prolonged sellers market. Inventory grows, sales shrink Redfin said cooler prices stem from a widening gap between supply and demand. Existing-home sales dropped 1.1% Meanwhile, the total number of homes for sale surged 16.7%

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Home equity products light up a dark housing market

Housing Wire

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to offering documents. billion.

Equity 448
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loanDepot returns to profitability, announces new strategic plan 

Housing Wire

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. year over year. Origination volume was $6.7 billion on Sept.

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Rocket launches bridge loans to make homebuying easier

Housing Wire

Rocket Mortgage , the home lending arm of Rocket Companies , announced Tuesday it will now offer bridge loans , a short-term financing option that helps homeowners tap into their equity while selling their current property. Some buyers can’t compete without first selling, missing opportunities to purchase a home. Rocket originated $21.5

Loans 256