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Rocket Companies and United Wholesale Mortgage shed thousands of jobs
Detroit Free Press via Yahoo News· 1 year agoThe nation's top two mortgage lenders — both headquartered in metro Detroit — shed thousands of jobs...
Mortgage rates top 7%. Is a fixed or an adjustable rate the best bet right now?
USA TODAY via Yahoo Finance· 2 years agoMortgage interest rates have eclipsed 7% for the first time in more than two decades, likely leaving prospective homeowners asking themselves how much home they can afford and what's the best ...
United Wholesale Mortgage reports wider net loss in Q1, still outperforms Rocket Mortgage
Detroit Free Press via Yahoo News· 1 year agoPontiac-based United Wholesale Mortgage reported a wider net loss in the first quarter than in the...
Here's What Happened When the Rate on My Adjustable-Rate Mortgage Changed
Motley Fool· 12 months agoImage source: Getty Images You'll often hear that signing an adjustable-rate mortgage is a risky...
The Fed’s man-made housing market recession hit so hard that 4 real estate titans just lost their...
Fortune via Yahoo Finance· 1 year agoNot only did rock bottom interest rates during the pandemic spur a refinancing bonanza, but with the...
What Are the Pros and Cons of an Adjustable Rate Mortgage?
Penny Hoarder via AOL· 2 years agoAdjustable rate mortgages got a really bad reputation during the Great Recession, but now they’re...
Pontiac-based United Wholesale Mortgage bounces back after losses, reports $228M Q2 profit
Detroit Free Press via Yahoo Finance· 10 months agoPontiac-based United Wholesale Mortgage has swung back to profitability, just like its Detroit rival...
Mortgage shift could be catalyst for Rocket Cos earnings: Jefferies
Investing.com via Yahoo Finance· 1 year agoBy Liz Moyer Investing.com -- Rocket Companies Inc (NYSE:RKT) is shifting its mortgage business as the once-booming refinancing sector fades amid higher interest rates, and Jefferies believes ...
Inflation news – live: Fears of ‘shock-and-awe’ Bank of England hike as mortgage rates climb
The Independent UK via AOL· 1 year agoGloomy new inflation figures have raised market fears of a “shock-and-awe” interest rate hike of 0.5...
Mortgage Rates Are Falling, Which Is Good News for UWM Holdings
Motley Fool· 1 year agoThe Fed aggressively hiked interest rates to help get inflation back under control, which translated...