Rocket reported a $493 million fourth-quarter net loss even after slashing expenses by $202 million from the third quarter as revenue fell 81 percent from a year ago to $481 million. Rocket executives say they’re focused on growing the company’s share … Continue reading
Former Rocket Mortgage CEO Bill Emerson will serve as the company’s interim CEO while its board of directors conducts a search for a permanent leader. Continue reading
Homebuyers can put as little as 5 percent down when taking out a new construction loan, with one closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage. Continue reading
Zillow and UWM executives are optimistic mortgage rates will come back down but advised real estate agents at Inman Connect New York on Tuesday to get familiar with affordability tools like interest-rate buydowns. Continue reading
The mortgage data analytics provider that is pioneering attorney title opinion letters had previously expanded digital asset capabilities with a $101 million Blue Water acquisition. Continue reading
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Continue reading
Rocket, Guild and UWM are among lenders providing homebuyers with options, such as temporary rate buydowns and reduced fees on refis if rates come down. Continue reading
The Suns and Mercury deal, valued at $4 billion, sets the stage for the nation’s largest mortgage lenders, United Wholesale Mortgage and Rocket Mortgage, to be court rivals. Continue reading
United Wholesale Mortgage says it’s attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share. Continue reading
The Irving, Texas-based lender is also reportedly in negotiations to sell its retail mortgage division, which employs about 1,000 loan originators nationwide. Continue reading