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Boards approve Rocket’s acquisition of Mr. Cooper
The boards of directors for Rocket Companies and Mr. Cooper Group have given their approvals to the eye-opening, $9.4 billion all-stock deal first announced in late March.
AnnieMac closes deal to acquire Florida Funding
AnnieMac Home Mortgage has struck a deal to acquire Florida Funding and bolster its presence in the Sunshine State, the companies announced on Thursday.
Optimal Blue PPE eliminates manual steps for loan locks
This week’s move eliminates the last remaining manual step in the lock life cycle, making Optimal Blue’s PPE the first pricing engine to fully automate a critical stage of the secondary market workflow for investors.
Valon partners with VIU by HUB on instant home insurance quotes
Insurance brokerage platform VIU by HUB has partnered with mortgage servicing company Valon to provide homeowners with streamlined insurance options amid rising costs.
Will GSEs get the DOGE treatment? FHFA director alludes to reviews of remote work, payments
In an appearance on Fox News, the new FHFA director said that an average of 49 employees out of more than 2,900 were working at Fannie Mae’s offices.
Remaining defendants push back in the Gibson commission lawsuit
While many real estate brokerages have made the choice to settle the commission lawsuits — including Side and JPAR just this week — others are still attempting to fight.
AI usage is becoming the new standard for most brokerages
The use of artificial intelligence (AI) is becoming the new norm for many real estate agents and brokerages. Real estate technology provider Delta Media released a new report that highlights a sharp jump in AI usage from last year.
Side, other brokerages settle new copycat commission lawsuit
The real estate industry is facing yet another copycat commission lawsuit. But unlike previous cases, this one appears to have simply been a vessel to facilitate nationwide settlement agreements.
