Page 11 - Rocket Pro News Today

Like several nonbanks before it, wholesale lender Homepoint on Wednesday raised conforming loan limits to $715,000 on conforming one-unit properties.

Rocket Mortgage’s newly announced “Inflation Buster” program offers first year mortgage payers a chance to reduce their payments by one percentage point.

The one-percentage-point reduction will be funded in the direct-to-consumer channel . through a Rocket escrow account

/PRNewswire/ -- Rocket Mortgage, the nations largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today announced the launch of "Inflation...

The competition between the nation’s largest lenders to give homeowners a break continues. Detroit-based Rocket Mortgage, the nation’s largest mortgage lender, today launched Inflation Buster, a program that reduces homeowners’ monthly mortgage payments by one percentage point for the first year of their loan.

Rocket Mortgage rolls out "Inflation Buster" mortgage, which provides a lower rate for one year, as it battles rival UWM for homebuyer market share.

Rocket Mortgage and its wholesale arm Rocket Pro TPO will lower homebuyers' interest rates for the first year of their mortgage.

Lending standards tightened in August amid worsening economic outlook and signs of cooling in home-price growth.

Pennymac, the country’s third-largest purchase mortgage lender, will be increasing conforming loan limits to $715,000 across all channels.

Lender is the latest to push up its loan limits