Lending

Industry Forecasts Purchase Originations to Increase 9% to Record $1.73 Trillion in 2022

October 18th, 2021
The Mortgage Bankers Association (MBA) recently announced that purchase mortgage originations are expected to grow 9% to a new record of $1.73 trillion in 2022. After an anticipated 14% decline in 2021 to $2.26 trillion, MBA expects refinance originations will...

Rocket Mortgage Sponsoring World Pro Ski Tour

November 9th, 2021
The World Pro Ski Tour (WPST) and Rocket Mortgage recently announced a partnership for the upcoming 2021-22 season of professional ski races, making the company this year’s presenting sponsor. Rocket Mortgage, well known as an innovative partner of premier sporting leagues...

Better.com CEO ‘Taking Time Off’ Amid Zoom Firings Debacle

December 10th, 2021
There is never a great way to tell someone they are out of a job. However, doing so over large video conferences during the holidays is proven to be a poor option for Better.com, which is now suffering more than...

Mortgage Rates Bumped Down Leading Up to the Holidays

December 27th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.05% for the week ending Dec. 23, according to the latest data from Freddie Mac. Mortgage details: The 30-year fixed-rate mortgage averaged 3.05% with an average 0.7 point f, down from last week when it...

New FHFA Program Revisions to Promote Housing Sustainability

October 19th, 2021
The Federal Housing Finance Agency (FHFA) recently stated it is expanding eligibility for Fannie and Freddie’s Refinance programs for low- and moderate-income borrowers, as well as restoring the desktop appraisal flexibility. “Expanding eligibility for low- and moderate-income families to refinance...

Real Estate Technology Trends To Use In 2021

November 17th, 2021
Over the last decade, technology has changed the face of the real estate industry. That’s why it’s so important for real estate professionals to stay informed about the latest technology trends within the industry. So, here’s a list of the...

Transforming the Hombuying Experience for Agents and Consumers Alike

December 10th, 2021
Birkmeier This month, Real Estate magazine had the chance to sit down with Rocket Mortgage® Chief Revenue Officer Tim Birkmeier to discuss the company’s biggest opportunities as we prepare for a new year. Paige Tepping: Tell us about your history...

5 Trends That Will Move Mortgages and Housing in 2022

December 30th, 2021
(TNS)—In the Amazon age, consumers are more pampered—and less patient—than ever. Tap your phone and, voilà—hot food from your favorite restaurant arrives in minutes. High-end electronics appear on your doorstep in hours. However, the mortgage industry has yet to deliver...

RE/MAX’s Wemlo Launches Loan Brokering System

October 20th, 2021
Wemlo,SM recently announced the upcoming launch of a new technology that aims to transform the mortgage brokerage industry. The wemlo Loan Brokering System℠ (LBS℠) was developed to empower mortgage loan brokers with purpose-built loan software that understands the specifics of their business, compliance...

Revolutionizing the Online Mortgage Experience

November 19th, 2021
Tim Grant, a REALTOR® with Better Homes and Gardens Real Estate Metro Brokers in Newnan, Georgia, has been a huge proponent of Rocket Mortgage with his customers since working with the lender to finance his own home purchase. “The process...
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