Rocket Mortgage

Its success in a tough quarter was not just financial as it gained market share in both purchase and refinance volume to regain the No. 1 originator slot.

The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.

The large nonbank mortgage company is replacing a multibillion-dollar facility it took out last year before the Mr. Cooper and Redfin deals closed.

Jay Farner takes a majority ownership stake in Detroit's professional soccer franchise through the investment group he launched after leaving Rocket in 2023.

Consensus estimates and BTIG analyst Douglas Harter's volume prediction both put Rocket ahead of UWM for the period, but by how much is where the two are different.

VantageScore 4.0 has been incorporated into the existing processes at Rocket for both the retail and mortgage broker-facing origination businesses.

Eligible buyers and sellers can save up to $20,000 on their next home when they transact with a Redfin agent and finance with Rocket Mortgage.

Rocket Cos. fell just $200 million short of United Wholesale Mortgage in Q1, as servicing recapture from its massive MSR portfolio fueled $44.7B in closed loan volume.

The former Rocket employee said she faced pressure to resign after requesting remote-work accommodations and leaves of absence to deal with health conditions.

Rate discounts are available for both refinance and purchase mortgage applications from several lenders including UWM, Carrington, Chase and Silver Hill.

The fourth quarter results integrated the operations of both Redfin and Mr. Cooper into Rocket Cos., with the deals likely contributing to the full year loss.

Rocket Mortgage and Compass launched a three-year Redfin listing partnership, expanding access to 500,000+ homes, with executives saying they see no RESPA compliance issues.

Company veteran Austin Niemiec is running the wholesale arm after the departures of Fawaz, a prominent broker advocate, and general manager Dan Sogorka.

The lender isn't accusing United Wholesale Mortgage of wrongdoing, but says a broker secured loans for the same customers from both companies weeks apart.

Dan Sogorka is leaving Rocket to be with his family in San Diego, while Austin Niemiec's title is unchanged but he will no longer be responsible for retail.

Analysts estimate Pennymac, Rocket, UWM and Loandepot will post an improved earnings per share and total loan origination volume than the same time a year prior.

Rocket denied the allegations, saying the lawsuit is a retread of a case the Consumer Financial Protection Bureau filed that was quickly dismissed.

A California consumer who applied for a refinance in November says he was unaware his data, including financial details, was shared with advertisers.

Kelman chose to step down from the company, which he had spent 20 years running, a week before its second phase of integration with Rocket.

Rocket enters the crowded DSCR market with a product for experienced investors, joining rivals as non-QM lending grows and demand for single-family rentals stays strong.