Tag Archives: Rocket Mortgage

Rocket says it could close Redfin acquisition as soon as this quarter

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Home loan giant boosts Q1 mortgage production by 7 percent, to $21.6 billion, says Redfin and Mr. Cooper acquisitions remain on track to close this year. Continue reading →

UWM shrugs off $241M Q1 net loss on loan servicing writedown

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Executives put a positive spin on prospects for growth, with loan origination volume up 17 percent from a year ago to $32.4 billion and revenue up 5 percent to $613.4 million. Continue reading →

UWM expands its Rocket rivalry into mortgage loan servicing

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Long-term agreement with ICE Mortgage Technology will help nation’s largest mortgage lender bring $242 billion loan servicing portfolio in-house to boost repeat business and referrals. Continue reading →

Regulators expected to remove lid on Wells Fargo’s growth soon

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A $1.95 trillion asset cap that’s limited the bank’s growth could be lifted in Q2 with CFPB and other regulators having closed 12 of 14 consent orders aimed at remedying past business practices. Continue reading →

Regulators expected to remove lid on Wells Fargo’s growth soon

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A $1.95 trillion asset cap that’s limited the bank’s growth could be lifted in Q2 with CFPB and other regulators having closed 12 of 14 consent orders aimed at remedying past business practices. Continue reading →

$18.5M in fines imposed on former Wells Fargo execs prove elusive

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Under new leadership, OCC settles actions against two executives tied to 2016 scandal for $150,000 and won’t say if it will defend court challenge of $10 million fine in a third case. Continue reading →

Mr. Cooper’s servicing portfolio shrinks for the first time in 2 years

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Nation’s largest loan servicer turned an $88 million Q1 profit and remains on track to be acquired by Rocket in Q4, a deal that’s prompted UWM to cut ties to Mr. Cooper. Continue reading →

Rocket bucks tariff stock market selloff on prospects for growth

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Lower mortgage rates could help lenders do more business, and investment analysts like Rocket’s plans to acquire real estate brokerage Redfin and loan servicing giant Mr. Cooper. Continue reading →

A&D Mortgage closes acquisition of Mr. Cooper’s 3rd-party channel

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Deal gives the nation’s biggest provider of riskier “non-QM” mortgages additional capacity to offer more traditional loans backed by Fannie and Freddie, FHA, VA and USDA. Continue reading →

Rocket’s appetite for growth could ding corporate debt rating

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Fitch Ratings warns of potential dowgrade of Rocket debt rating if Redfin and Mr. Cooper deals close, while decline in share price suggests investors have doubts Mr. Cooper is worth $9.4 billion. Continue reading →