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Rocket lost money last year, so why are its shares up?

Housing Wire

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. The company doesn’t break out purchase business versus refinances in its earnings reports.

Clients 394
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Title industry prepares for possible changes in a post-commission lawsuit world

Housing Wire

If the costs associated with homeownership and buying a home at a macro level is coming into question, it is hard to imagine that, that doesn’t bleed into settlement services,” Frasier said. Chuck Cain, senior vice president of the national agency division at FNF Family of Companies, also sees this as a possibility. “It

Insurance 405
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Navigating the Financing Maze: A Closer Look at Hard Money and Traditional Loans

Boston Appraisal

While there is a myriad of financing options available for those looking to purchase or invest in real estate, today we’ll zero in on two distinct choices: hard money loans and traditional financing. Hard money loans, in contrast, are often financed by private investors or smaller lending companies.

Finance 148
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66 mortgage lenders, brokers make Inc. 5000 list

Housing Wire

Nearly 70 mortgage lenders and brokers made it on the list of Inc. Magazine ‘s 5,000 fastest-growing companies in the U.S. The companies are U.S.-based, All the top five mortgage lenders debuted on the Inc. 284) came in second place for top mortgage lenders, growing 1,952% in the past three years.

Mortgage 369
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Yoga and a mortgage? Guaranteed Rate has a new app for that

Housing Wire

A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. After years of working crazy hours and focusing on growing his business, Ciardelli saw the impact his hard-driving lifestyle was having on his health and close relationships. He knew he needed to make changes. “I It feels good.”

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The real estate industry battles the rising tide of email fraud

Housing Wire

Among those targets were a Memphis-based real estate company and a title company in Washington state that combined were swindled out of more than $200,000 through the scam. bank accounts they either set up or controlled — were acting as so-called “money mules,” then, for a much larger international criminal enterprise.

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How LOs get into a real estate agent’s circle

Housing Wire

Becca Summers does not typically include Wells Fargo on the lender recommendation list she gives to clients. Any time my buyers are the ones bringing a lender to the table who I am not familiar with, I am going to have some questions for that lender. Amy Breach, Real Estate broker on the Hill Team in Seattle for Keller Williams.