Royal Bank of Canada subsidiary now offering grants of up to $50K in minority census tracts in the metro LA market as part of larger initiative to boost lending in underserved communities
Strategic partnership with D2 Asset Management will help the shared equity pioneer go nationwide, after signing home equity agreements with more than 10K homeowners in 16 states
In a newly created role at Rocket Pro TPO, the former Sagent CEO is tasked with winning more business from mortgage brokers by leveraging Rocket's data, technology and AI capabilities
Lender creates and funds an escrow account that's used to cover the difference between the full monthly mortgage payment and the payment with the reduced rate until the buydown expires
The Q2 earnings are in: From Zillow’s revenue boost to RE/MAX’s struggles, here's the breakdown of who's up and who's down
In Q2 earnings, the nation's largest mortgage lender posted a healthy $76M profit, paid down debt and said it's in prime position to capitalize and grow as mortgage rates drop to 2024 lows
With Q2 2024 net income up 28% to $178M, CEO Varun Krishna says Rocket is making 'significant investments in data leadership and infrastructure' and partnering 'with the best in the industry'
Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act in 2021 refinancing request. Rocket says it expects to prevail
2 years ago, 9 out of 10 mortgages had rates below 5%. Today, ICE Mortgage Monitor data shows there are 5.8M fewer sub-5% mortgages, and 1 in 4 borrowers has a higher rate
Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans, but nonbank lenders have already made inroads
Card issuer Wells Fargo is losing as much as $10M a month as it eats interchange fees for users who are paying off balances after paying their rent, 'The Wall Street Journal' reports
CEO Dawar Alimi writes that choosing a modern and advanced pricing engine can unlock new opportunities for growth, profitability and success in an increasingly competitive landscape
Unlike subprime loans that were subjected to minimal underwriting standards in the runup to the 2007 housing crash, new 0-down loans meet criteria set by mortgage giant Freddie Mac
Rocket Homes Chief Technology Officer John Fair told Inman the tool has already resulted in users spending nearly twice as long on the lender's website and returning 6 times more frequently
Lawsuit alleges search results on Mortgage Matchup are 'designed to steer borrowers to brokers who funnel nearly all their business to UWM' regardless of which lender offers best loan terms