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Rocket Companies CEO Jay Farner to retire

Housing Wire

“Since being appointed CEO of Rocket Mortgage in 2017, and subsequently CEO of Rocket Companies in connection with the August 2020 IPO, Jay has overseen the most rapid period of growth and profitability in our 37-year history,” Dan Gilbert, founder and chairman of Rocket, said in a statement.

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First National Bank of Pennsylvania settles redlining case for $13.5M

Housing Wire

FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. The complaint alleges that, from 2017 through 2021, FNB failed to provide mortgage services to predominantly Black and Hispanic neighborhoods in Charlotte and Winston-Salem, North Carolina.

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NEXA Mortgage co-founders are splitting

Housing Wire

NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage. Roughly 1,845 were considered “active” by Modex. Affiliated companies include AXEN Mortgage , a non-delegated correspondent shop, as well as a charter flight business.

Mortgage 420
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Jeff Nelson returns to Guaranteed Rate after a two-year absence 

Housing Wire

Nelson previously served as Guaranteed Rate’s senior vice president and divisional manager for the Southeast and Mid-Atlantic regions from August 2017 to May 2022. Since leaving Guaranteed Rate, Nelson held executive positions at Nations Lending and Movement Mortgage.

Retail 407
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RealTrends 500: Compass, eXp take top honors in 5-year movers by sales volume

Housing Wire

Compass once again comes out on top in the 2022 RealTrends 500 brokerage rankings , with a $237 billion increase in sales volume over the last five years — 2017-2021, ranking No. This ranking shows the firms that had the largest increase in sales volume between 2017 and 2021. 1 of the Top 5-Year Movers by Sales Volume.

Brokerage 374
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This is the best city for first-time buyers, according to Zillow

Inman

That's the highest share the city has seen since at least 2017. First-time homebuyers made up half of all homebuyers in St. Louis in 2023, according to Zillow.

Buyers 159
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Compass snags two Chicago-based @properties brokers

Housing Wire

She ranked among the top 1% of Chicago Realtors in 2017 and is also a past president of the Women’s Council of Realtors. Compass joined the Chicago market in 2017 and has since grown to 22 offices and over 1,600 licensed agents, the company said. Dobbs, on the other hand, has nearly four decades of experience.