Rocket expects the combined company to achieve more than $200 million in run-rate synergies by 2027, it said in a statement.
Stronger than expected demand and home prices drove the latest forecast.
The company formally reported a nearly $65 million loss in the first quarter as the coronavirus affected its operations in March.
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The Consumer Financial Protection Bureau is laying off more than 1,400 employees just days after a panel of judges said the bureau couldn't fire employees without an assessment of whether the workers are unnecessary to perform the bureau's legally mandated duties.
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The state and local tax deduction is a write-off that most Americans will never claim, even in the districts of the lawmakers fighting hardest to increase the tax break, data analyzed by Bloomberg News shows.
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Even with various tariff pauses and exemptions, suppliers are raising prices due to ongoing policy uncertainty, and consumers also are altering their behavior.
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Nearly a quarter of home sellers in March slashed their listing prices, the highest rate of price cutting since 2018 according to a Zillow report.
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Even after posting production losses in two of four quarters last year, independent mortgage bankers made $443 on every loan originated during 2024.
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Federal Reserve Gov. Michael Barr — who recently stepped down as the central bank's vice chair for supervision — urged banks and regulators to use emerging technologies to keep pace with bad actors.
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We're hearing if you look closely, you can start to see the first shoots of a reviving home equity lending industry.
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In just the past couple of years, servicers have had to scramble to keep up with the overflow of documents that need to be recorded in the nations more than 3,600 recording districts.
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The qualified mortgage rule is the talk of the town these days. But let us not forget that the Consumer Financial Protection Bureau has issued several rules.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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