Stocks

Rocket Cos. profits were over 35 times greater than what it disclosed for the first quarter.

The banks logged strong year-over-year growth in gain-on-sale margins for mortgage loans.

B. Riley FBR raised its ratings for both Fannie Mae and Freddie Mac to sell from neutral on the possibility the net worth sweep is declared illegal.

The lending giant's filing reveals what the company's internal structure will look like going forward.

Booming refinancing is expected to more than offset the tighter underwriting in second-quarter mortgage results.

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.

Reps called the offer "opportunistic" and said it did not address regulatory concerns regarding overlaps with Bill Foley's other businesses, Fidelity and Black Knight.

If the transaction does not go through, Genworth is looking at reviving a spin-out of its U.S. mortgage insurance business.

Cannae Holdings, a spinoff of Fidelity National Financial, is trying to stage an unsolicited takeover of the property data, analytics and services firm that once had ties to Fidelity's competitor.

The company formally reported a nearly $65 million loss in the first quarter as the coronavirus affected its operations in March.