What Impact Will Blockbuster Rocket-Redfin Deal Have on Mass.?
The Detroit-based mortgage company said this week it plans to buy brokerage and listings portal Redfin in an all-stock transaction valued at $1.75 billion.
CFPB Drops Enforcement Against Capital One, Rocket Homes and More
The Consumer Finance Protection Bureau has dropped several enforcement actions against lenders, just weeks under new leadership and turmoil at the agency caused by orders from Trump administration.
Fast and Furious, Mortgage-Style
The ability of lenders to come up with creative new products that seize would-be borrowers’ attention is never-ending. Anything to get a customer in the door.
Rocket Mortgage to Provide Loans to Santander Customers
After discontinuing mortgage lending earlier this year, Santander Bank has formed a partnership with Rocket Mortgage to provide home loans for the bank’s customers.
Mortgage Market Opens for Gig Workers
Fannie Mae and Freddie Mac shut many self-employed buyers out during the pandemic. But now, those rules are gone and some lenders, perhaps sensing a grand opportunity to boost market share, are targeting gig workers directly.
Crypto, Rocket Mortgage Splurge on Super Bowl Commercials
Off the field, Super Bowl advertisers were in a tough competition of their own, with big names in cryptocurrency and mortgage lending among the firms shelling out $7 million to reach sports fans.
Lenders Shouldn’t Sneer at Zillow Home Loans
Will Zillow take over the world? No. But recent experience shows it doesn’t pay to underestimate a large, tech-savvy company intent on disruption. The rise of Quicken Loans, through its Rocket Mortgage all-digital mortgage product, offers a stark example.
Local Lenders Don’t Fear Zillow
While online real estate giant Zillow’s foray into mortgage lending might seem scary initially, it is unlikely to have too much of a detrimental impact on local, more personalized lenders, those same lenders say.
