Aspiring first-time buyers may want to consider settling down in Detroit, Virginia Beach or Warren, Michigan, where a typical household would need just a few years to save the median down payment. This, according to new analysis from Rocket that estimates the time it would take a typical household to save for a down payment…
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 Mortgage has filed a lawsuit against rival United Wholesale Mortgage (UWM), seeking $100 million in damages. Rocket has accused UWM of profiting off of loans it sold to Mr. Cooper, which Rocket…
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…
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. – After weeks of mortgage rates falling down in the opening weeks of 2026, mortgage rates have now climbed back up above 6% following the commencement of the U.S.-Iran war. As of the week…
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: This is part two of a two-part story examining the impact of the Redfin-Compass deal. Read part one here. “Real estate isn’t a transaction. It’s a process.” Those words, from Compass CEO Robert Reffkin on the company’s recent earnings call, were in response to a question about how Compass agents can communicate value…
Editor’s note: This is part one of a two-part story examining the impact of the Redfin-Compass deal. Look for part two in the coming days. “The future is bright. Look forward to building it with you.” Those words, from Compass CEO Robert Reffkin to Rocket Companies CEO Varun Krishna, have a little bit of subtext.…
In the culmination of what was a busy year for Rocket Companies, after acquiring both Redfin and Mr. Cooper, the company detailed another large milestone in its recent earnings call with investors—a partnership with Compass. In its own recent earnings call, Compass CEO Robert Reffkin dropped the news that it had entered into a three-year…
Real estate portal Redfin, a part of Rocket Companies, has announced “The Great American Home Search”–a contest kicking off from a Super Bowl commercial on Sunday that offers the opportunity for players to win a home valued at more than $1 million. Players must download or update the Redfin app to participate in this scavenger-hunt-style…
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