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- Compass partners with Rocket-Redfin to display coming-soon listings
Compass partners with Rocket-Redfin to display coming-soon listings
Plus: Rate enables crypto assets for mortgage qualification
👯 Friday! We are hyped. Today’s newsletter is 593 words ... 2 mins. Let’s dive in…
Disclaimer: Average mortgage rates as of February 26, 2026. © MND Daily Rate Index.
1. Compass partners with Rocket-Redfin to display coming-soon listings
Under a new three-year agreement between Compass and Rocket, Compass’s “coming soon” listings will be shown on Redfin starting immediately. Redfin has about 50 million monthly visitors, according to Rocket.
Those listings won’t display days on market or price-cut history, and they will only be available on Compass websites and Redfin until the seller decides to advertise more widely. Redfin will also alert home shoppers when there are other private Compass listings that meet their search criteria, which they can view by contacting Compass.
As part of the partnership, Redfin will direct some buyer leads to Compass agents. Rocket, will offer a discount to buyers who work with a Compass agent and take out a mortgage with Rocket.
“Compass represents brokerage, agents and inventory. Rocket represents mortgage, servicing and traffic,” said Varun Krishna, Rocket’s chief executive. “And we are putting all of those pieces together.”
2. Rate enables crypto assets for mortgage qualification
Rate has launched a program that allows qualified borrowers to use verified cryptocurrency holdings to help meet underwriting requirements without liquidating their assets.
The product, called RateFi, operates within the lender’s existing non-qualified mortgage framework and permits borrowers to count verified crypto assets as qualifying reserves and, in some cases, as an income source.
“Digital assets are real assets, yet mortgage lending has treated them as invisible,” Kate Amor, executive vice president at Rate, said in a statement. “RateFi changes that. We built this product to apply common-sense underwriting to a modern financial reality, allowing qualified borrowers to use their crypto without selling it, without gimmicks, and without stepping outside established lending standards.”
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3. More Nuggets
📊 Best week for mortgage rates in years. (Mortgage News Daily)
📰 The mortgage industry doesn’t have a speed problem. It has a trust problem. (HousingWire)
🏦 Willamette Valley Bank exits residential mortgage lending. (BusinessWire)
🚨 Layoffs underway at Anywhere and Compass. (Inman)
4. Expanded credit scoring access may reduce costs
A policy shift opening the door to competition in mortgage credit scoring stands to save lenders and borrowers nearly $650 million per year, according to new analysis from VantageScore.
The projected savings stem from the FHFA’s decision to allow VantageScore's 4.0 credit model to be used alongside existing scoring systems for loans backed by government-sponsored enterprises.
VantageScore's study, titled "Economic Benefits of Score Market Competition for Conforming Mortgages," finds that full adoption of competitive credit scoring could generate approximately $648 million in savings in the first year alone. Both borrowers and lenders stand to benefit, with the analysis projecting an average savings of $111 per mortgage through lower credit score fees and improved operational efficiency.
5. Arizona family wins Redfin's $1M home in digital scavenger hunt
An Arizona family has won a fully furnished, million-dollar home in Denver after Kiel Murphy, 32, beat out more than 275,000 contestants in Redfin's "Great American Home Search" sweepstakes.
The contest launched alongside Redfin's Super Bowl commercial on February 8, challenging participants to solve a six-step scavenger hunt within 48 hours using the Redfin app to identify a mystery home worth $1 million somewhere in the United States. Murphy cracked it in just nineteen seconds — choosing the correct property, in part, because it was green, his wife Meghan's favorite color.
The winning home is a nearly 3,000-square-foot, five-bedroom, four-bathroom renovated property in Denver's Hampden South neighborhood, sitting on an 8,250-square-foot lot. It comes fully furnished.
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