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Rocket will require unvaccinated workers to be tested, wear masks
Rocket Companies Inc. will require unvaccinated employees to wear masks in the office and get tested weekly, the mortgage giant said Wednesday.
COVID-19 cases nationwide are on the rise as the more contagious delta variant spreads. The Centers for Disease Control and Prevention is recommending even vaccinated people wear masks when in public indoors to protect from the variant strain in areas with substantial or high transmission.
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Wayne County, the home of Detroit-based Rocket, isn t there. It has moderate transmission with cases up 42%, and the positivity rate is up 1.2% over the past seven days, according to the CDC. Rocket will require its U.S. employees to attest to their vaccine status starting Aug. 23.
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United Wholesale Mortgage CEO Mat Ishbia said Tuesday that his controversial ultimatum that forced mortgage brokers to pick between his firm or Dan Gilbert s Rocket Companies has been a big success for UWM. I couldn’t have imagined it going so well, Ishbia, 41, said during an earnings call with Wall Street analysts. Obviously, my competitors, they don’t like the decision, but our business is not designed to make them like us.
Ishbia s ultimatum required brokers by March 15 to stop working with Detroit-based Rocket and a Wisconsin-based competitor, Fairway Independent Mortgage Corp., if they wished to continue working with UWM. Rocket Companies is the parent of Quicken Loans.
Detroit home renovation program to get $5M injection
April 15, 2021
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DETROIT (AP) Detroit and the Rocket Community Fund said Thursday that they are contributing $5 million to a program that renovates houses and provides better access to financing for existing and potential homeowners.
The funding is expected to add at least 200 homes across 10 Detroit neighborhoods to the Rehabbed & Ready program, which turns blighted single-family homes owned by the Detroit Land Bank Authority into move-in ready ones. The land bank oversees the renovations.
The $2.5 million from the Rocket Community Fund will finance renovations and help cover the gaps between construction costs and the sale prices of homes.
Detroit home renovation program to get $5M injection
April 15, 2021
FacebookTwitterEmail
DETROIT (AP) Detroit and the Rocket Community Fund said Thursday that they are contributing $5 million to a program that renovates houses and provides better access to financing for existing and potential homeowners.
The funding is expected to add at least 200 homes across 10 Detroit neighborhoods to the Rehabbed & Ready program, which turns blighted single-family homes owned by the Detroit Land Bank Authority into move-in ready ones. The land bank oversees the renovations.
The $2.5 million from the Rocket Community Fund will finance renovations and help cover the gaps between construction costs and the sale prices of homes.