It would be funny, if it weren’t so painful, to watch members of Congress and the administration agonizing over what to do with Fannie Mae and Freddie Mac. The truth is that there is no choice. The only solution is for the government to assume the functions of these government-sponsored enterprises, returning the companies to their original status as official government agencies.
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Quicken Loans has become the largest mortgage lender in the country over the last few years due in large part to the growth of Rocket Mortgage, the company’s digital mortgage platform. As it turns out, Rocket Mortgage is becoming so big that it’s now consuming other parts of the Quicken Loans family of companies too, namely the company’s reverse mortgage lender.
Realogy will be renaming NRT, the business unit that includes Corcoran Group, Sotheby’s International Realty and Coldwell Banker.