Homebuyer loan applications flooded in last week at the 2nd-highest level of the year. Demand for adjustable-rate mortgage loans is at the highest level since 2008
After the bill takes effect in March, credit bureaus will still be able to sell trigger leads to a borrower's current mortgage lender, loan servicer, or any bank or credit union they have an account with
Rocket hopes the $9.4B deal will help it capture 20% of all mortgage refinancing and wrest back its title as the nation's biggest mortgage lender from rival United Wholesale Mortgage
Anthony Hsieh brings back technology executives Dominick Marchetti and Sean DeJulia after loanDepot, which hasn’t turned a full-year profit since 2021, posts $25 million Q2 loss
While rival Rocket Mortgage seeks to boost refis by becoming largest US loan servicer, UWM CEO Mat Ishbia says AI, competitive pricing will help mortgage brokers compete for borrowers
Both companies have invested heavily in AI. But while Rocket consistently earns high marks for loan servicing, Mr. Cooper's J.D. Power rankings have been subpar for more than a decade
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
Like New York AG Letitia James, senator denies lying on mortgage applications and decries 'baseless attempt at political retribution' that won’t stop him from holding Trump accountable
Title insurers wanted to put the brakes on a pilot program that uses automated title reviews to allow some homeowners to refinance their mortgage without having to pay for title insurance
With closure of merger, homebuyers get temporary rate buydown or up to $6K in lender credits from Rocket Mortgage when the buyer or seller is represented by a Redfin agent
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
New York City-based REIT will pay $120M in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08M shares in Chimera valued at $27.9M
With antitrust regulators declining to weigh in, $1.75B deal to marry a tech-focused mortgage lender to real estate brokerage could close by the end of the month
Although Rocket's plans to acquire Mr. Cooper and Redfin are structured as all-stock deals, assuming their debts will leave Rocket more highly leveraged, Fitch analysts say
CEO Vishal Garg is optimistic about the future after cutting mortgage lender's annual net loss by 61%, to $206M, growing loan production by 19%, to $3.6B, and revenue by 50%, to $108M