IPOs

Weeks after Rocket Cos. launched its own IPO, the wholesaler is merging with a special-purpose acquisition company in a deal that values it at over $16 billion.

Mortgage lender loanDepot is taking steps toward rebooting plans for an initial public offering, about five years after scrapping one at the last minute, according to people with knowledge of the matter.

After an initial fizzle, the stock at one point was trading above the original expected price range.

The common stock for the new parent of Quicken Loans is expected to start trading on the New York Stock Exchange on Thursday.

Rocket Cos., the parent of the mortgage giant founded by billionaire Dan Gilbert, is seeking to raise as much as $3.3 billion in a U.S. initial public offering.

The Detroit lender disclosed that the consumer bureau had sent a civil investigative demand to Rocket Homes Real Estate for potential violations of the Real Estate Settlement Procedures Act.

A Detroit-based company, which owns Rocket Mortgage and Quicken Loans, listed the size of its upcoming offering in filing as $100 million, a placeholder amount that will likely change.

The head of the firm's real estate investment arm pushed back at the idea that buildings with coworking companies as lead tenants are risky bets for lenders.

The $10 million home that just went on the market in Bennett Valley was built with tech money and there's a good chance tech money will buy it.

PIMCO Mortgage Income Trust tabled plans to launch an initial public offering this week following a steep stock market decline Monday.