mortgage

Mortgage rates dropped significantly last week as a result of U.S. Bureau of Labor Statistics statistics that showed inflation had slowed in October, which is a boon for potential home buyers. According to Freddie Mac, the 30-year fixed rate average dropped by 47 basis points, from 7.08%...

This article was originally published on Grit Capital and appears here with permission. Ah, the American dream. Then: Work hard, marry your high school sweetheart, buy a big house with a white picket fence, have a couple of kids, then fade into your golden years funded by your massive pension...

Let’s be clear: anyone who has bought or owned a home over the past twenty years won the interest rate lottery. After peaking at 18.45% in 1982, the height of the so-called Reagan Recession, mortgage rates steadily tumbled to the single digits before dipping under 7% after 9/11, then more...

Rocket Companies Inc (NYSE: RKT) shares are trading higher Wednesday and looking to climb back into what traders call a falling wedge pattern. JPMorgan upgraded the stock to Overweight and lowered the price target to $15. Rocket Companies was up 3.78% at $13.47 Wednesday at publication....

Rocket Companies Inc (NYSE: RKT) shares are trading lower Wednesday, possibly after the Fed announced earlier in November at the Federal Open Market Committee meeting that it would begin reducing its purchases of Treasuries and mortgage-backed securities. Rocket was down 5.40% at $15...

The parent company of Rocket Mortgage and Quicken Loans reported first-quarter earnings after close Wednesday. What Happened: Rocket Companies Inc's (NYSE: RKT) first-quarter adjusted revenue of $4 billion was up 91% year over year, beating consensus estimates of $3.97 billion....

Tips For Paying Off a Mortgage Early Do you have a strong desire to be mortgage-free? A relatively small number of Americans fully own their home. Many other people will have some equity in their home, with a mortgage making up the difference. An estimated two-thirds of homeowners are in this...

Loandepot Inc (NYSE: LDI) is gaining share in the U.S. mortgage market, which is valued at over $10 trillion, according to BofA Securities. The LoanDepot Analyst: Derek Hewett initiated coverage of LoanDepot with a Buy rating and a price target of $22. The LoanDepot Thesis: The company is the...

Newly public UWM Holdings Corp (NYSE: UWMC) received a vote of confidence Tuesday after one Wall Street firm initiated bullish coverage on the Pontiac, Michigan-based mortgage firm.  The UWM Holdings Analyst: Deutsche Bank analyst Ashish Sabadra started coverage of UWM Holdings...

Finance of America CEO Patti Cook joined the SPACs Attack show on Benzinga to discuss the company’s SPAC merger and what’s ahead for the company. SPAC Deal: Finance of America is set to merge with Replay Acquisition Corp (NYSE: RPLA). “It was always our intention to take Finance...

Rocket Companies (NYSE: RKT) subsidiary Lendesk announced Tuesday that it has acquired Finmo. Finmo is the fastest-growing mortgage origination platform in Canada. The deal joins the powerful broker resources of Lendesk and Finmo’s fully digital mortgage experience, the companies said....

The Blackstone Group Inc (NYSE: BX)-backed Finance of America Equity LLC is planning to go public through a merger with a blank check company, the Wall Street Journal reported Monday. What Happened: The consumer-lending platform is expected to merge with special purpose acquisition company Replay...

United Wholesale Mortgage — the biggest U.S. wholesale mortgage originator — is looking to go public via merger with the special-purpose acquisition company (SPAC) Gores Holdings IV Inc (NASDAQ: GHIV). The transaction values United Wholesale Mortgage at $16.1 billion, a record...

Detroit-based Rocket Companies Inc (NYSE: RKT), the parent company of mortgage lender Quicken Loans, made its debut as a public company Thursday. Founder Dan Gilbert and CEO Jay Farner were interviewed on CNBC about the listing and the broader mortgage market. Gilbert On IPO Timing:...

Frequent handwashing, buying extra groceries, refraining from touching your face. These items are on most people's list of coronavirus preparations.  But what about talking to a broker about a new home purchase or mortgage refinancing?  The COVID-19 outbreak and resulting economic...