Rocket Mortgage filed a lawsuit against United Wholesale Mortgage (UWM) on May 14, seeking nearly $100 million in damages for allegedly breaching a non-solicitation agreement tied to mortgage servicing rights purchases, according to a complaint filed in the New York Supreme Court’s Commercial Division. The lawsuit centers on three bundles of mortgage servicing rights that…
Rocket Companies delivered a resounding first quarter showing strong execution despite market volatility, signaling that the company’s three-year transformation into a fully integrated homeownership platform is creating durable competitive advantages that competitors will struggle to replicate. During Rocket Companies’ Q1 earnings call Thursday, CEO Varun Krishna outlined three core themes for the quarter. “First, we…
As a cascade of “premarketing” partnerships and programs sweep through the industry, Compass International Holdings (CIH), Rocket and Redfin have sent out a letter asking MLSs to change their policies to support phased listing distribution and cease punishments on agents for “seller-directed marketing plans.” The letter, obtained by RISMedia, was seemingly shared with MLSs and…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. Michelle Bowman, a governor at the Federal Reserve and the Fed’s Vice Chair for Supervision, told the Senate Banking Committee on Thursday, February 26 that she intends to announce an update to the Basel…
Compass used its fourth-quarter 2025 earnings call to unveil a sweeping three-year exclusive alliance with Rocket Companies that will push the brokerage’s private and coming-soon listings onto Redfin—a direct shot at the “Zillow ban” just weeks after a federal judge handed Compass a significant setback in its antitrust lawsuit against the portal. Under the deal,…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – Rocket, United Wholesale Mortgage (UWM) and 24 major lenders have been named in a lawsuit alleging price-fixing amongst the organizations. The suit alleges that the lenders collaborated with mortgage software provider Optimal Blue…