UWM returns to profitability in second quarter
The Pontiac-based mortgage lender's net income was up 6.2% year-over-year.
Source: detroitnews.com
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Rocket Companies names Varun Krishna as new CEO | Crain's Cleveland Business
From Crain's Detroit Business: Varun Krishna will become the new CEO of Detroit-based Rocket effective Sept. 5, the company announced Monday morning, July 31. Krisha will replace interim CEO Bill Emerson, who will revert to president and chief operating officer of the company.
Source: crainscleveland.com
'He doesn't like me and I don't like him': No love lost between NBA owners Mat Ishbia, Dan Gilbert
Mat Ishbia detailed his dislike for fellow NBA owner Dan Gilbert on a podcast this week
Source: mlive.com
United Wholesale Mortgage looks to hire 500 workers
Some of United Wholesale Mortgage's past entry-level hires have gone on to become high-ranking executives in the Pontiac company.
Source: freep.com
Rocket ends tough 2022 with big quarterly loss
Following a rough year for the company and broader mortgage sector, Dan Gilbert's Rocket Companies Inc. closed out 2022 with a quarterly loss of nearly $500 million. Long the largest mortgage lender in the country, Detroit-based Rocket lost that crown to rival United Wholesale Mortgage in…
Source: crainsdetroit.com