By Shaina Mishkin
Rocket, one of the nation's largest mortgage lenders, and Compass, one of the nation's largest brokerages, announced a new listings partnership on Thursday, as the housing market heavyweights continue to shake up the market.
Compass's "coming soon" and "private exclusive" listings will appear on Redfin, the brokerage and home listings portal purchased by Rocket in 2025, as part of the partnership. "This unique inventory has the potential to bring more than 500,000 additional listings to the Redfin platform," the press release between Rocket and Compass says.
The agreement, which the companies described as a strategic alliance, will last three years.
Beyond displaying Compass's listings, Rocket "will strengthen affordability through preferred pricing for clients of Compass" by offering a one-percentage-point interest rate reduction for one year or a $6,000 lender credit, the release said. Rocket will also send buyer inquiries to Compass agents.
The news came after the market closed on Thursday and just before both companies reported financial results. Rocket stock was 8.3% higher in after-hours trading following the announcements. Compass stock was up 3.5%.
Rocket reported adjusted diluted earnings of eleven cents a share on about $2.7 billion in revenue in its fourth quarter, surpassing analysts' estimates, which called for nine cents a share on $2.2 billion in revenue, according to FactSet.
While Rocket has long been known for its mortgage origination, the company purchased the large mortgage servicer Mr. Cooper and the brokerage and listings portal Redfin in 2025. When combined, Rocket and Mr. Cooper were the second-largest mortgage lender by origination volume in the first nine months of 2025, according to Inside Mortgage Finance data.
Compass said that it lost seven cents a share on $1.7 billion in revenue in its fourth quarter. Analysts had expected a loss of six cents a share on $1.7 billion in revenue, according to FactSet consensus estimates.
The brokerage has grown significantly in 2026 as a result of its $1.6 billion purchase of the real estate brokerage and franchisor Anywhere, which franchises brands such as Coldwell Banker and Corcoran. The deal, which was announced in late 2025 and closed earlier this year, combines the largest and second-largest brokerages by sales volume, according to RealTrends' 2025 ranking.
The partnership announced Thursday gives more housing market heft to Rocket and Compass.
"By bringing search, agents and financing into one connected platform, we can help more sellers enter the market, reduce complexity for buyers and make homeownership more attainable," Rocket CEO Varun Krishna said in a statement.
"We believe listing agents should be connected directly with interested buyers, and sellers should have the freedom to list their homes in the manner and method they choose," Robert Reffkin, Compass's CEO, said in a statement.
Write to Shaina Mishkin at shaina.mishkin@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 26, 2026 18:07 ET (23:07 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments