Rocket Mortgage

OBX 2019-INV2 is a private-label RMBS pool of 1,087 of agency-eligible investor-property loans.

Appraisals are viewed as a choke point in the mortgage process. As the ranks of appraisers dwindle and technology advances, a new, AI-driven approach may not be far off.

Many banks have already scaled back home lending or even left the business. With profit margins shrinking, inventories of homes at crisis levels and competition from nonbanks intensifying, that’s unlikely to change.

Dan Gilbert, the billionaire founder of mortgage giant Quicken Loans Inc. and owner of the NBA's Cleveland Cavaliers, is "awake, responsive and resting comfortably," a day after suffering a stroke.

Dan Gilbert, the founder and chairman of Quicken Loans, was hospitalized on Sunday after suffering stroke-like symptoms, according to the Detroit News.

The gap in home price perception between appraisers and property owners widened in April, reaching its greatest spike in four years, according to Quicken Loans. At the same time, home values continued climbing.

JPMorgan Chase's Corporate Client Banking and Specialized Industries Mortgage group is now accepting electronic promissory notes as collateral to fund warehouse loans.

Quicken Loans parent company Rock Holdings is strengthening its investments in the Canadian market by acquiring a majority stake in Lendesk, a Vancouver-based mortgage fintech.

Home prices dipped from February — while annual growth remained suppressed — due to affordability and inventory issues, according to Quicken Loans.

A judge in Michigan has ordered the Justice Department and Quicken Loans attempt a settlement in a years-old lawsuit in which the federal government accused the mortgage lending company of fraud.