As mortgage profits shrink, Rocket determined to grow market share
The nation's largest mortgage lender sees itself as a fintech platform that's out to unlock the lifetime value of its clients
by Matt Carter Feb 25
Bahrain-based firm acquires 2nd largest US appraisal company
Bahrain-based investment firm, Arcapita Group Holdings, is the new owner of Nationwide Property and Appraisal Services, the second-largest independent AMC in the United States
by Matt Carter Feb 3
Real estate agent charged in Capitol riot pleads not guilty
John MacMillan Cameron of Port Orchard, Washington, was arrested on Jan. 5, 2022, nearly a year after the riot, and charged with entering a restricted building, among other infractions
by Andrea V. Brambila Jan 26
Wells Fargo mortgage production fades as it closes branches
Nation's biggest provider of purchase loans made 27% fewer loans to homebuyers in 2021
by Matt Carter Jan 17
Rocket shuffles leadership and repositions as a fintech platform
As interest rates rise, the largest US mortgage lender bills itself as more than home loan provider
by Matt Carter Jan 12
NAR is second biggest trade group donor to 'Sedition Caucus': Analysis
Donations to lawmakers who voted against certifying the 2020 election results from the National Association of Realtors and Rocket Mortgage clocked in at more than $375K in 2021
The biggest mortgage, lending and housing finance stories of 2021
The rise of Power Buying, regulatory battles, Fed tapering and big acquisitions rattled lending decisions and homebuyer game plans during a momentous year for the mortgage industry
by Matt Carter Dec 29
Rocket acquires personal finance app Truebill in $1.27B deal
The acquisition gives Rocket an inside track to market real estate services, mortgages and other loans to Truebill's 2.5M members
by Matt Carter Dec 20
Survey: Mortgage refi crush exposed dangers of digital-heavy approach
JD Power finds customer satisfaction is highest when lenders employ the right mix of technology and personal interactions
by Matt Carter Nov 11
UWM posts record mortgage volume, but Q3 profits sag
Net income down 77% from a year ago, when refinancing boom drove higher profit margins
by Matt Carter Nov 9
Ocrolus will help Blend automate mortgage doc processing
Initial focus will be on document automation for mortgage applications, with potential to extend into other business areas
by Matt Carter Nov 8
Rocket Mortgage's profits slip in Q3 as it pivots to lending to homebuyers
Nation's biggest mortgage lender growing partnerships with real estate agents, mortgage brokers, banks, and credit unions
by Matt Carter Nov 5
LoanDepot building purchase loan business as rising rates stunt refis
Joint ventures with homebuilders and referral relationships with real estate agents helping fuel partner channel
by Matt Carter Nov 2
Rocket Mortgage partners with Salesforce to extend tech to lenders
Nation's biggest mortgage lender sees 'significant' market opportunity to provide its technology via Salesforce Financial Services Cloud
by Matt Carter Oct 29