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[ October 26, 2024 ] Real Estate Developer Sentenced for Bribing Michigan Mayor Weely Real Estate News
[ October 26, 2024 ] Maine Home Sales and Prices Continue to Rise Weely Real Estate News
[ October 26, 2024 ] NYC Passes New Law Requiring Licenses for Hotel Operators Weely Real Estate News
[ October 26, 2024 ] Feds Raid Home of Affordable Housing Developer Weely Real Estate News
[ October 26, 2024 ] Hits and Misses for the Real Estate Week of Oct. 21-25 Weely Real Estate News

As search for new CEO begins, Rocket reports $197M loss in Q4

February 28, 2023 Mark Paul Cervantes Comments Off

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 […]

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 […]