Page 4 - Rocket Pro News Today

Unlike lenders who are dealing with 8 percent on rates sheets, sports fans and sports bars are reveling: NBA, MLB, NFL, NHL, all at the same time… And Philadelphia is in the thick of it. A lot of halftimes. Is our industry “down 20-0 at halftime?” Here are the thoughts of Fairway CEO Steve Jacobson on not giving up, having shots taken at you, and using the tools lenders and LOs have to keep helping their clients, including technology. The word “technology” was ...

Today, as I head to Chicago (from the Native American word shikaakwa, for the wild onion) on my way to Philadelphia, I received this note. “Rob, why is PenFed exiting from correspondent?” Well, you should talk to your PenFed rep. But if anyone had to make a harsh guess, it would start by asking, “Why would any member-based organization with a branch network and thousands of members, in this environment, feel the need to offer wholesale or correspondent channels to others at ...

Following Rocket's lead, UWM and Guaranteed Rate say they'll price mortgages of up to $750,000 as if they're eligible for purchase by Fannie Mae and Freddie Mac.

Chicago-based Guaranteed Rate raised agency conforming loan limits to $750,000 on Monday, compared to the current limit of $726,200. 

Economists are scratching their heads and housing industry leaders are venting their frustrations as mortgage rates continue a relentless climb to new heights not seen in more than two decades.

Positioning brokers for "a great Christmas in this market"

The move could help borrowers avoid taking out a jumbo mortgage at a higher rate as Rocket gets a jump on an expected increase in Fannie and Freddie's 2024 loan limits.

Rocket Pro TPO, the wholesale arm of Rocket Mortgage, on Monday raised agency conforming loan limits to $750,000, ahead of the FHFA's decision expected in November. 

Seen on someone’s laptop here in Phoenix: “If Pete Davidson can date a Kardashian, you can be a homeowner.” From a business viewpoint, if you think mortgages are bad, try NFTs. I don’t know what I was thinking, sinking my entire 401(k) into that sector a few years ago. My collection of fake, imaginary art is now worthless!? It’s good to keep things in perspective. If you think rates in the U.S. are too high, try being a lender in Pakistan (22 percent) or Turkey...

UWM has enhanced its Safe Check program, which provides credit reports without initiating unwanted trigger lead solicitations.