Bay Equity: Redfin acquires Bay Equity, pinks slips 121 staff

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. The [...] The post Redfin acquires Bay Equity, pinks slips 121 staff appeared first on HousingWire.