Chimera Investment Corp. said that after the deal closes, HomeXpress will operate as a subsidiary of the REIT.

As part of the acquisition, Hallmark Home Mortgage's CEO Deborah Sturges will join Fairway as the firm's president.

Covius' title services had focused on the needs of firms involved with defaults, but this acquisition from Blend pushes the shift to originations forward.

A group of lawmakers questioned why the FTC and DOJ didn't step in to prevent Rocket Companies' acquisition of Redfin. They want answers by June 17.

A stockholder previously filed a lawsuit seeking to delay the Redfin shareholder vote scheduled for June 4.

The Detroit company intends to pay at least $1.9 billion of the servicer's senior notes due through 2028, and could cover another $3 billion due through 2032.

The tentative mergers, valued at a combined $11 billion, are the next big phase in Rocket's plan to become a "one-stop-shop" mortgage originator.

The company, which already offers services in 41 states, through the Summit Mortgage Training buy gets a foothold in New Jersey and Pennsylvania.

This potential transaction would be part of a broader trend of mortgage lenders and servicing players converging, such as Rocket's recent acquisition of Mr. Cooper.

A recent deal involving a troubled Texas bank shows that even the most lopsided depository can find an exit.