Austin Niemiec will take the helm of Rocket Pro following the departure of Dan Sogorka, according to people familiar with the transition who spoke to HousingWire. Niemiec will retain his title as chief revenue officer of Rocket Mortgage but will focus exclusively on the broker and correspondent channel through Rocket Pro. He will report to […]
Austin Niemiec to lead Rocket Pro as Dan Sogorka departs Read More »
The class-action lawsuit filed this week against Rocket Companies and its subsidiaries, which alleges violations of the Real Estate Settlement Procedures Act (RESPA), has drawn heightened attention from the mortgage industry as a wave of mergers and acquisitions accelerates the push toward vertically integrated business models. Legal experts have described the case as “unique,” saying
Rocket RESPA lawsuit is unique but faces early legal hurdles, attorneys say Read More »
Fourth-quarter results for nonbank mortgage lenders should highlight differences in business models, balance sheets and strategic bets as lenders position themselves for growth in a still-uneven housing market, analysts say. Processing Content From PennyMac’s perceived valuation gap to Rocket’s acquisition-driven quarter and United Wholesale Mortgage’s steady volume gains, analysts see diverging paths among the largest
Pennymac, Rocket, UWM: What analysts expect in Q4 earnings Read More »
Rocket is being sued for allegedly directing clients to its mortgage business and away from cheaper loan options. Processing Content Three plaintiffs filed the suit Monday in the U.S. District Court for the Eastern District of Michigan. They accused Rocket of exploiting the “vulnerability of homebuyers for profit,” by steering prospective borrowers to use their
Rocket accused of steering buyers to its mortgage business Read More »
Brian Brown, chief financial officer and treasurer for Rocket Companies, expects continued improvement in the mortgage market in 2026, building on momentum that emerged in the second half of 2025. “If you look at the mortgage forecasts, it depends on which one you choose, but they’re up anywhere from 8% to 25% based on the
Rocket CFO touts ‘all-weather’ model as mortgage market improves Read More »
Rocket Mortgage is being accused of selling mortgage applicants’ sensitive financial data to third parties, via surreptitious trackers on its website. Processing Content Gary Fedoroff, who applied online for a refinance last November, filed a class action lawsuit in a California federal court last week accusing the megalender of unlawfully disclosing applicants’ information. The complaint
Rocket Mortgage sued over third party web trackers Read More »
Detroit-based Rocket Companies was hit with a class-action lawsuit on Monday that accuses one of the nation’s largest mortgage lenders of steering consumers to their loan products, “even though Rocket Mortgage‘s terms are disadvantageous to the clients.” The suit was filed in the U.S. District Court for the Eastern District of Michigan. The plaintiffs are
Rocket Companies hit with class-action lawsuit alleging steering, home-price inflation Read More »
Long-time Redfin CEO Glenn Kelman is leaving the firm, he announced in a LinkedIn post Tuesday afternoon. Processing Content “After 20 years, I’m leaving Redfin,” he wrote. “I gave it my all! Leaving was my decision. I love my colleagues. We saved consumers a billion dollars in commissions. I hope to use all that I
Redfin CEO Glenn Kelman steps down after 20 years Read More »
Rocket Mortgage has come out with a debt service coverage ratio product in both its wholesale and retail channels, joining a rather competitive landscape of both non-qualified mortgage specialists and more traditional lenders like its rival United Wholesale Mortgage, that already serve investors looking to finance rental properties. Another recent entrant with a suite of
Rocket latest lender to add debt service coverage mortgages Read More »
HousingWire reports on the quarterly earnings of publicly traded mortgage and real estate companies, offering a glimpse into the financial performance of key players in the housing market. As earnings results begin to be released for the third quarter of 2025, here’s a rundown of what’s happening at the major lenders, brokerages, listing portals and
Q2 2025 company earnings in mortgage and real estate Read More »