Rocket Companies announced Tuesday it has officially closed its $1.75 billion acquisition of Redfin. In light of that, Rocket is launching a product called Rocket Preferred Pricing to encourage consumers to use both its mortgage and real estate services. Borrowers who purchase a home with a Redfin agent and finance it through Rocket Mortgage can […]
Rocket closes Redfin deal, rolls out buyer incentives Read More »
Concerns over channel conflict in mortgage lending — particularly between wholesale and retail operations — are resurfacing as brokers reclaim a growing share of originations. Tension can arise when wholesale lenders also operate retail arms, potentially putting them in direct competition with the very brokers bringing them business. This strain has led companies like United
Mortgage broker-retail friction returns to spotlight Read More »
Mortgage brokers are tired of the dialogue around elevated interest rates. “It is what it is,” some say, emphasizing that other factors – such as changes in policy at the Federal Housing Administration — are having a more notable impact on their business and the consumers they serve. At UWM’s Live! event last week, more
Mortgage brokers say FHA changes, inventory are key hurdles Read More »