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
With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73% from a year ago, to $23.7B
Windsor-based mortgage broker Edison Financial will rebrand as Rocket Mortgage in August and begin making direct loans
As interest rates rise, the largest US mortgage lender bills itself as more than home loan provider