Tag Archives: Rocket Mortgage

CFPB is latest target of Trump’s downsizing government campaign

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Democrats vow to fight moves to “unlawfully ‘delete’ this popular consumer watchdog that enjoys the broad bipartisan support of 4 out of 5 Americans.” Continue reading →

Wells Fargo closes 2 more consent orders in quest to shed asset cap

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Getting out from under $1.95 trillion cap would allow the bank to grow its deposit base, providing more room on the balance sheet to originate jumbo mortgages too big for Fannie and Freddie. Continue reading →

Rules on closing costs, PACE loans on CFPB chopping block

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In his first act as interim Consumer Financial Protection Bureau director, Treasury Secretary Scott Bessent froze action on all rules and litigation. Here’s what that potentially means for the recent slate of rules and lawsuits targeting the mortgage i… Continue reading →

Rules on closing costs, PACE loans on CFPB chopping block

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In his first act as interim Consumer Financial Protection Bureau director, Treasury Secretary Scott Bessent froze action on all rules and litigation. Here’s what that potentially means for the recent slate of rules and lawsuits targeting the mortgage i… Continue reading →

Treasury Secretary Scott Bessent to temporarily lead CFPB

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President Trump fired former Consumer Financial Protection Bureau Director Rohit Chopra on Saturday. Treasury Secretary Scott Bessent will take over leadership duties until Trump nominates a new director. Continue reading →

Wells Fargo is about to emerge from the regulatory woods

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Once the nation’s largest home lender, Wells Fargo could be poised for a comeback in the mortgage business this year as it continues to make progress in addressing regulators’ concerns about its past practices. Continue reading →

Rocket consolidates home search, mortgage with Rocket.com launch

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Announced Wednesday, Rocket’s new domain targets high-intent homebuyers by utilizing AI to provide around-the-clock support, answer questions and keep clients and agents informed. Continue reading →

Rocket is deploying scalable AI across an entire fintech platform

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Ahead of his Connect NYC appearance, CEO Varun Krishna details the mortgage giant’s ambitious goals to grow its purchase loan business in 2025 by building closer ties to real estate agents and mortgage brokers. Continue reading →

Rocket accused of using ‘kickback scheme’ to attract more borrowers

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The Consumer Financial Protection Bureau claims Rocket gave real estate agents incentives to steer consumers away from other companies. Rocket calls the allegations a “lie” and political ploy. Continue reading →