Lone Star lawmakers pass 'largest property tax cut in Texas history'
The deal raises the amount homeowners can exempt from the taxable value of their properties from $40,000 to $100,000, ensuring Texas will remain among the fastest growing states in the US
by Jim Dalrymple II Jul 12
Newzip helps mortgage lenders connect borrowers to agents
Former Keller Williams Realty exec's startup enables virtually any mortgage lender to emulate programs offered by bigger rivals, such as Rocket Mortgage, loanDepot and Better
by Matt Carter Jun 22
The Texas plan that could win even more new homeowners
High property taxes in Texas have in the past canceled out some of the state's affordability advantages. But political leaders are looking for ways to reduce homeowners' tax burden
by Jim Dalrymple II Jun 6
Rocket's new 1% down mortgage also picks up tab for PMI
A hypothetical buyer putting down $2,500 to purchase a $250,000 home could save $20,500 in private mortgage insurance payments over 7 years, lender estimates
by Matt Carter May 22
United Wholesale Mortgage shares tumble as originations fade
UWM CEO Mat Ishbia highlights 'operational profitability' as $337M write-down in fair value of mortgage servicing rights drives $138.6M Q1 loss
by Matt Carter May 10
Rocket Mortgage parent posts 2nd consecutive $400M+ quarterly loss
CEO Jay Farner says purchase pipeline has been growing, but constrained housing inventory and affordability present ongoing challenges
by Matt Carter May 4
RESAAS to facilitate referrals to Rocket Mortgage Canada
One-year agreement calls for RESAAS and Rocket Mortgage Canada to share revenue generated by new mortgages, mortgage renewals and refinances
by Matt Carter Apr 18
Better's 'One Day Mortgage' product lifts off
New products and agent partnerships could help Better make the transition from a company known primarily for refinancing existing loans to one that's geared to serving homebuyers
by Matt Carter Apr 12
Rocket Homes is target of 'ongoing law enforcement investigation'
The Consumer Financial Protection Bureau launched an investigation into Rocket's real estate brokerage arm in 2020 on eve of the company's IPO. Three years later, the probe is ongoing
by Matt Carter Apr 4
Rocket Mortgage courting buyers who work with partner agents
The lender's new 'BUY+' program provides closing credit of up to $10,000 to homebuyers working with one of more than 20,000 Rocket Homes Partner Agents, it was announced Monday
by Matt Carter Apr 3
Rocket's new Visa rewards card targets first-time homebuyers
In addition to paying high rates on any balances they carry, customers will find that their rewards points are worth much less if they don't choose Rocket Mortgage to finance their home
by Matt Carter Mar 28
Rocket, UWM cut a combined 9,500 positions in 2022, new filings show
Companies say that instead of laying off workers, they're trimming their payrolls through attrition or by offering voluntary buyouts
by Matt Carter Mar 3
UWM posts $62M Q4 loss but keeps title of America's biggest lender
CEO Mat Ishbia says aggressive 'Game On' pricing is still in place, but acknowledges Pontiac-based wholesaler is seeking to boost profit margins in 2023
by Matt Carter Mar 1
Rocket posts its first loss since going public, and it's a doozy
After posting $493M Q4 loss, Rocket executives say they're focused on reaching homebuyers through the wholesale channel and new personal finance app, Rocket Money
by Matt Carter Feb 28
In a first, Rocket Mortgage powers mortgages for a community bank
Nashville, Tennessee-based Fourth Capital Bank is the first to integrate Rocket Mortgage’s digital mortgage application using new platform developed by Q2 Software
by Matt Carter Jan 31