Rocket Mortgage‘s top executives believe the mortgage market is near the bottom, which means a recovery may be on the horizon soon. “If we’re at historic refinance lows and if we’re at secular purchase lows, […]
Elevated mortgage rates hurt Rocket Companies, the parent of Rocket Mortgage, again in the first quarter of 2023. Rocket has been cutting expenses and targeting purchase business, but the firm was unable to achieve profitability […]
Rocket Central‘s new vice president of public policy, Karan Kaul, plans to prioritize homeownership opportunities for first-time homebuyers, households of color, low- and moderate-income households that have historically found it difficult to access mortgage credit. […]
Owners of a North Carolina property have filed an amended lawsuit against Rocket Mortgage that claims the lender rejected a refinance application in order to impose a higher rate. In an amended complaint, filed Monday, […]
Rocket Homes also announced the SELL+ initiative, The post Rocket Cos. Encourages Home Buyer Savings with BUY+ Program appeared first on Weekly Real Estate News.
Rocket Mortgage expanded its special-purpose credit program that will offer a $3,000 credit for first-time homebuyers to use toward their downpayment in select cities. The Detroit-headquarterd lender will offer Freddie Mac‘s BorrowSmart Access program for […]
Executives at Rocket Companies are engaged in a very tricky balancing act: they must drastically reduce expenses to return the company to profitability. And at the same time they must continue to invest in their […]
Just two weeks after announcing the sudden retirement of longtime executive Jay Farner, Rocket Companies reported a fat financial loss in the fourth quarter of 2022, its largest ever. And some analysts believe it may […]
Jay Farner likes to tell a story about his early days at Rock Financial, which would become Quicken Loans and eventually Rocket Mortgage. It was 1996 and Dan Gilbert, the founder and CEO, announced that […]
ay Farner, CEO of Rocket Companies, plans to retire from his position effective June 1, 2023 after 27 years with the company. Rocket Companies is a Detroit-based fintech platform company consisting of tech-driven mortgage, real […]
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