Rocket says it could close Redfin acquisition as soon as this quarter
Home loan giant boosts Q1 mortgage production by 7%, to $21.6B, and executives say plans to acquire Redfin and Mr. Cooper remain on track to close this year
by Matt Carter May 8
Rocket's appetite for growth could ding corporate debt rating
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 $9.4B
by Matt Carter Apr 1
Rocket: Redfin acquisition will cut consumer transaction costs by half
Rocket executives say unifying home search, buying, selling, mortgage, title and servicing could net $20K in savings — which might allay antitrust concerns and keep RESPA regulators at bay
by Matt Carter Mar 11
Rocket says AI helping it grow capacity and keep expenses flat
With Q2 2024 net income up 28% to $178M, CEO Varun Krishna says Rocket is making 'significant investments in data leadership and infrastructure' and partnering 'with the best in the industry'
by Matt Carter Aug 1
Freddie Mac will dip a $2.5B toe into the second mortgage market
Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans, but nonbank lenders have already made inroads
by Matt Carter Jun 25
Rocket back in the black after boosting purchase market share
Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages
by Matt Carter Aug 4
Rocket promotes from within, names new CFO and general counsel
Brian Brown and Tina John are tapped to fill openings created by the retirement of two top executives, Julie Booth and Angelo Vitale
by Matt Carter Oct 4