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Rocket Companies, a major mortgage lender, has announced its acquisition of both Redfin and Mr. Cooper, signaling a potential shift in the housing sector. This move, described by Redfin's CEO Glenn Kelman as part of a vision to streamline the home-buying process, raises questions about whether Rocket's strategy is a power grab or a necessary survival tactic in a competitive market. The acquisitions are expected to reshape the landscape of real estate services, particularly in lending and brokerage.
Giant mortgage lender Rocket Companies recently announced deals to buy both Redfin and Mr. Cooper. This will shake up the housing sector, writes Lance Lambert. https://t.co/4ITjUBoyUD
$RKT Lookout Zillow: a new real estate juggernaut is forming - Fast Company https://t.co/2PQwHEV1oZ
“Rocket and Redfin’s approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical,” said @Redfin's Glenn Kelman. https://t.co/XyKoTDgzyt
