Love is blind, but FICO isn’t: Guiding couples with mismatched credit
Agents need to talk with buyer clients about credit and financing early in the process, Lindsey Harn writes, to avoid disappointment later
by Lindsey Harn Aug 7
Rocket seeing 'awesome early data' from Redfin acquisition
CEO Varun Krishna says lender has already seen a surge in leads and higher conversion rates from the Redfin deal, thanks to 'cross pollination' of leads, agent referrals and mortgage applications
by Matt Carter Jul 31
Slowing price growth still doesn't open doors for homebuyers
Home price growth slowed to the lowest level in 2 years in May. However, market pressures, primarily from elevated mortgage rates, mean buyers are still struggling to afford homes
by Marian McPherson Jul 29
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
After turning a $198M Q2 profit, CEO Jay Bray says the loan servicing giant intends to 'hit the ground running' with integrated platform when it merges with Rocket Companies later this year
by Matt Carter Jul 23
Rocket reorganizes to close Redfin acquisition, Mr. Cooper on deck
By handling every aspect of homebuying and selling, from search to financing to title and closing, Rocket aims to cut transaction costs on the median priced home in half, from $40k to $20k
by Matt Carter Jun 30
Rocket rolls out bridge loan to win more business from homebuyers
New offering lets existing homeowners tap their equity to buy before they sell and make non-contingent offers to better compete with cash buyers in competitive markets
by Matt Carter Jun 24
Home price gains relaxed in April, near slowest pace in 2 years
The FHFA HPI rose 3% on an annual basis in April, while the S&P CoreLogic Case-Shiller Index posted a 2.7% annual gain
by Lillian Dickerson Jun 24
Christie's Real Estate expands into Traverse City, Michigan
The firm's new office, overseen by broker Ken Kleinrichert, will open in July on South Union Street. Top producers Molly Buttleman and Lydia Wiley will serve as key agents leading sales for the office
by Lillian Dickerson Jun 20
7 metros where you can snag a luxury home for less than $1M
Location, design and luxury amenities can certainly drive up costs, but in 7 major US metros, buyers can still find luxury homes priced under $1M, a report from Redfin found
by Richelle Hammiel Jun 12
UWM expands its Rocket rivalry into mortgage loan servicing
Long-term agreement with ICE Mortgage Technology will help nation's largest mortgage lender bring $242B loan servicing portfolio in-house, boost repeat business and referrals
by Matt Carter Apr 30
Shares in Better get a boost from $534M debt restructuring
Investors bid up mortgage lender's price per share by 21% after company says deal with investor SB Northstar LP will improve its balance sheet and better position it for a return to profitability
by Matt Carter Apr 14
Buying vs. renting: The income gap is widening, Redfin says
The typical American now needs to earn over $116,600 annually to afford a median-priced home in the US, compared to just $64,160 needed to afford an average apartment, according to Redfin
by Richelle Hammiel Apr 10
FHFA gutting Fannie, Freddie minority homeownership programs
Flood of orders published without explanation on social media target programs and practices designed to boost lending in minority communities, protect borrowers from deceptive practices
by Matt Carter Mar 26
Tomo Mortgage secures $20M in Series B funding round
Tomo Mortgage, an AI-powered digital mortgage lender, has secured $20M in a Series B funding round, bringing its total investment to $130M, company executives announced Tuesday
by Richelle Hammiel Mar 11
US home lending giant Rocket Mortgage bidding Canada adieu
Canadian mortgage strategist blames the country's securitization market, which allows the country's 6 biggest banks to sell mortgages to investors but is closed to smaller lenders
by Matt Carter Mar 7