Bloomberg - Real Estate Investor Pulse

Bloomberg Report Claims UWM Suffers From a ‘Locker-Room Culture’

April 12, 2023 Mark Paul Cervantes Comments Off

Company head Mat Ishbia is not blamed in the article for encouraging alleged bad behavior in his workplace. The post Bloomberg Report Claims UWM Suffers From a ‘Locker-Room Culture’ appeared first on Weekly Real Estate […]

First Republic Bank is reportedly exploring sale: Bloomberg

March 16, 2023 Mark Paul Cervantes Comments Off

First Republic Bank, the fourth-largest non-agency jumbo lender in America, is exploring strategic options, including a sale and a capital infusion, and is expected to attract interest from larger rivals, Bloomberg reported on Wednesday, citing anonymous sources […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]