Mergers and Acquisitions

‘Off to the races’: Real, REMAX CEOs on tech and culture after acquisition

Just after announcing an $880 million acquisition of REMAX Holdings, Tamir Poleg, CEO of The Real Brokerage, described the deal as historic for the real estate industry — combining two companies whose leaders say share a common vision for an evolving business. In an interview with HousingWire, Poleg and REMAX Holdings CEO Erik Carlson said […]

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Castlelake expands mortgage credit platform with Resfin Partners acquisition

Asset manager Castlelake has acquired a majority ownership stake in Resfin Partners, the parent company of mortgage correspondent business Eastview and lender to residential real estate investor Lendmarq, the firm announced on Wednesday. Over a multiyear relationship, Castlelake has acquired more than 4,000 senior structured loans from Eastview and Lendmarq, representing more than $2 billion

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Toll Brothers expands luxury footprint with Buffington acquisition

The market reaction to homebuilder earnings this spring has carried a clear message: scale, discipline, and positioning still matter­. Where you choose to deploy them may matter even more. On Tuesday, Toll Brothers signaled its next move in that equation by announcing a deal to acquire substantially all the assets of Fayetteville-based Buffington Homes of

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Two Harbors hit with shareholder lawsuit over CCM acquisition

Shareholder Michael Koblentz filed another lawsuit against Two Harbors Investment Corp. and its board of directors, alleging violations of the Securities Exchange Act tied to the company’s pending acquisition by CrossCountry Intermediate Holdco (CCM). Koblentz previously filed a similar suit targeting Two Harbors’ original merger agreement with UWM Holdings Corp. (UWMC), which was closed after

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Tri Pointe Homes shareholders approve merger with Sumitomo Forestry

Tri Pointe Homes shareholders overwhelmingly voted to approved the previously announced merger with Japanese firm Sumitomo Forestry during a special meeting of stockholders held on Thursday.  While the deal is not yet finalized, the acquisition is expected to close sometime during the second quarter, according to the initial merger announcement.  Sumitomo Forestry confirmed the vote

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New Cheval Holdings acquires Surge, appoints Jimmy Gillespie as CEO

Surge, a partner intelligence platform for wholesale mortgage lenders, has been acquired by New Cheval Holdings as the wholesale channel faces tighter scrutiny on broker oversight and market share pressure from retail and direct-to-consumer lenders. The transaction brings dedicated ownership and institutional backing to a platform used by wholesale lenders that are regularly ranked among

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REMAX merger creates 400-agent firm in Arizona

REMAX Fine Properties and REMAX Solutions have merged to form a single brokerage operating across Arizona — combining more than 400 agents and 10 offices statewide. The unified company will operate under the REMAX Fine Properties name with offices in Avondale, Flagstaff Glendale, Munds Park, Peoria Pinetop, Scottsdale, Gilbert and Tucson. Jamie Wong will continue

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Texas SB 17 has reshaped foreign capital in homebuilding

America’s largest homebuilders no longer just build subdivisions. Rather, they’re consolidating power. Scale is the new advantage, land is the new currency, and increasingly, ownership structure is the new danger. Foreign capital hasn’t pulled back from U.S. housing. It’s being organized. Japanese firms are building empires. Chinese-linked builders are hitting a wall. Texas, never hesitant

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PartnerOne finalizes acquisition of Mortgage Cadence

PartnerOne has completed its acquisition of Mortgage Cadence, adding another long-standing mortgage technology platform to the portfolio of the global enterprise software group, the company announced Thursday. Terms of the deal were not disclosed. The transaction was previously announced as an agreement with Accenture to sell Mortgage Cadence, which provides a cloud-based digital lending platform

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Century 21 Integra expands Chicago presence with acquisition

Century 21 Integra has acquired Schaumburg, Illinois-based Realty Executives Advance — expanding its presence in Chicago’s northwest suburbs. “Bringing Realty Executives Advance into the Integra family is a natural fit,” said Jim D’Amico, owner of Century 21 Integra. “Hank (Fatoorehchi) and his team have built a strong, respected business in Schaumburg, and we’re excited to

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