Thirty-eight TD Bank locations and 24 Flagstar branches are set to shut down. Both banks are coming out of tumultuous periods.

The top five banks had a combined wholesale volume of more than $20 billion at the end of 2024's fourth quarter.

With focus turning to increased domestic production, the Chicago Mercantile Exchange plans to launch a new lumber futures trading exchange in late March.

Loan officers have said the majority of outreach from recruiters looks like impersonal "telemarketing."

The builder's lending unit bought servicing and secondary market approvals that weren't part of Guild's previous acquisition of CCM's production and branding.

Rocket expects the combined company to achieve more than $200 million in run-rate synergies by 2027, it said in a statement.

Origination volume at the San Diego-based company rose 57% to $24 billion in 2024.

Hsieh stepped down from a day-to-day operational role following a contentious proxy battle for board leadership in 2023 but remained a director.

The company first entered the Canadian market in 2020 through an investment in an Ontario-based brokerage, which later rebranded to Rocket Mortgage Canada.

The Top 50 Firm is acquiring a firm based in the northwest suburbs of Chicago that specializes in real estate clients.