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Rocket Companies Acquires Mr. Cooper for $9.4 Billion

Rocket Companies Acquires Mr. Cooper for $9.4 Billion

by Phil Hall | Mar 31, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Companies (NYSE: RKT) has announced its acquisition of the Dallas-based mortgage servicing and origination leader Mr. Cooper Group Inc. (NASDAQ: COOP) in an all-stock transaction for $9.4 billion in equity value. According to the...
Report: Real Estate Developer to Run for Mayor of Boston

Report: Real Estate Developer to Run for Mayor of Boston

by Phil Hall | Mar 31, 2025 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Real estate developer Thomas O’Brien is reportedly planning to declare his candidacy for mayor of Boston. WCVB.com reports that O’Brien is expected to announce his bid in the next few days. He is the CEO and managing partner of The HYM Investment Group, which...
Cathy Polan Installed as 2025 President of Ontario Real Estate Association

Cathy Polan Installed as 2025 President of Ontario Real Estate Association

by Phil Hall | Mar 31, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Ontario Real Estate Association (OREA) announced the installation of Cathy Polan as its 2025 president. Belleville-based Polan is a real estate sales representative with Royal Heritage Realty Ltd. She previously held a similar position with Exit Realty. “I’m...
Newsom Suspends Environmental Laws for Utilities in Rebuilding After LA Fires

Newsom Suspends Environmental Laws for Utilities in Rebuilding After LA Fires

by Phil Hall | Mar 31, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

California Gov. Gavin Newsom signed an executive order suspending what he dubbed as “unnecessary permitting and review requirements” by the utilities working to rebuild the areas devastated by January’s wildfires in Los Angeles County.  to accelerate the rebuild of...
Bank of America Reports 80% Surge in Q1 Mortgage Applications

Bank of America Reports 80% Surge in Q1 Mortgage Applications

by Phil Hall | Mar 31, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Bank of America (NYSE: BAC) is closing the first quarter of this year with an 80% spike in mortgage applications. According to a Reuters report, the Charlotte, North Carolina-headquartered financial institution – the nation’s second largest bank – is experiencing more...
Ottawa Man Arrested for Real Estate Investment Scam

Ottawa Man Arrested for Real Estate Investment Scam

by Phil Hall | Mar 31, 2025 | Current News & Events, International Real Estate News, Real Estate Investing, Real Estate News, WRE News Exclusive

Canada’s Ottawa Police Service arrested Timothy LaFlamme for running a real estate investment scam. According to the charges brought against him, LaFlamme is accused of defrauding friends and acquaintances of over $240,000 between December 2023 and September 2024....
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