Mortgage

Rocket Companies Releases Q3 Results

November 8th, 2021
Rocket Companies, Inc. announced results for the third quarter of 2021. “We had an excellent third quarter, as we executed on our mission to remove friction from life’s complex moments. Our core mortgage business exceeded the high end of guidance...

Real Estate Q&A: How Can I Restore my Credit After Ex-Spouse Skipped Mortgage Payments?

December 7th, 2021
(TNS)—Q: After I was divorced, the court awarded our home to my ex-spouse and ordered him to refinance the mortgage to get me off of it. He has not refinanced the property several years later and pays the mortgage inconsistently,...

Rocket Companies to Acquire Personal Finance App, Truebill

December 21st, 2021
Rocket Companies recently announced it has entered into an agreement to acquire Truebill, a personal finance app that helps consumers manage their financial lives, for $1.275 billion in cash. Truebill allows consumers to manage subscriptions, improve credit scores, track spending...

Guaranteed Rate Names Sanjay Gupta as Chief Marketing Officer and Chief Digital Officer

March 28th, 2022
Guaranteed Rate has announced it has named veteran marketing executive Sanjay Gupta as its new chief marketing officer and chief digital officer. Gupta brings more than two decades of experience leading marketing efforts for some of the most recognized names...

Originations and Rate Locks Down in October

November 8th, 2021
Overall, rate locks were down 5.9% in October compared to the previous month, also seeing a 23.3% month-over-month decrease in rate/term origination activity. The latest data from Black Knight, Inc.’s Originations Market Monitor report shows rate/term refis are also down,...

Economic Pessimism Reaches Decade High, Buyers Realize Lack of Leverage

December 7th, 2021
Sellers and buyers are at odds in today’s market as homeowners retain the edge and buyers continue to battle it out for their purchases—a trend that may be waning, however, according to recent reports. The Fannie Mae Home Purchase Sentiment...

Billion-Dollar Loan Officer Shares Path to Success

December 21st, 2021
For the mortgage industry, 2021 was something of a feeding frenzy. Both refinances and new purchase loans broke records as interest rates sat at historic lows. Even under these positive market conditions, however, success was not guaranteed, and it took...

Mortgage Credit Availability Decreased in March

April 7th, 2022
Mortgage credit availability decreased in March according to the latest Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. Key findings: The MCAI fell by 0.7% to 125.1 in...

Forbearance Rates Continue Their Decline

November 9th, 2021
The total number of loans now in forbearance decreased by 9 basis points to 2.06% for the week ending Oct. 31, 2021. The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey estimates there are 1 million homeowners who...

Mortgage Applications Increased Following Rate Declines

December 8th, 2021
Mortgage applications increased 2.0% for the week ending Dec. 3, 2021, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The findings: The Market Composite Index, a measure of mortgage loan application volume, increased 2.0% on a...
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