Rocket Companies, the Detroit-based fintech platform consisting of mortgage, real estate and personal finance businesses, has announced the launch of Rocket.com, a new website that allows consumers to search, purchase and manage their home financing with the site. The one-stop solution is powered by artificial intelligence, simplifying the homeownership process.
Evernest, a national leader in single-family and small multifamily property management, announced it has acquired Cupertino, Calif.-based Poplar Homes, a property management and rental services company which manages 14,000 homes in15 states. The acquisition, Evernest’s largest to date, gives the property management platform a nationwide footprint and expands the company’s management portfolio to nearly 23,000 units across more than 50 markets. Evernest also has announced that it has secured $15 million in strategic funding. The investment was led by LL Funds, a Philadelphia-based private equity firm that invests in high-growth finance and technology companies and was one of Poplar’s strategic investors. The investment will help Evernest expand its services platform in the residential rental property space, a 36-million-unit market in the U.S.
Enact Holdings, a leading provider of private mortgage insurance through its insurance subsidiaries, has announced that its flagship legal entity, Enact Mortgage Insurance Corporation, had secured approximately $225 million of excess of loss (XOL) reinsurance coverage in credit risk transfer transactions to cover a portion of expected new insurance written for 2025. The company also secured $260 million of additional XOL reinsurance coverage for 2026. This year’s credit risk transfer transactions was effective as of January 1, 2025. Next year’s credit risk transfer transactions will be effective January 1, 2026. Reinsurance coverage for both transactions is provided by a panel of third-party reinsurers.