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It's perhaps no surprise that top corporate executives would be bullish on their company's stock, but Detroit mortgage executive Jay Farner is putting his money where his mouth is. Investors have largely given the cold shoulder to Farner's company, Rocket Companies Inc. (NYSE: RKT), the Detroit…
From Crain's Detroit Business: It's perhaps no surprise that top corporate executives would be bullish on their company's stock, but mortgage executive Jay Farner is putting his money where his mouth is. The Rocket Companies vice chairman and CEO plans to purchase up to $36 million of the company's stock on the open market, in accordance with Rocket's insider trading policies, according to a federal securities filing on Monday morning, March 21
The beginning of the end of an era of dirt-cheap money available for borrowing came Wednesday, but metro Detroit financial executives say the impact — at least in the short term — should be fairly muted. Rock-bottom interest rates have helped bolster the mortgage industry toward…
Andaz Private Investments, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here.
As independent mortgage bankers feel a liquidity pinch, portfolio sales such as the one being brokered by Mortgage Industry Advisory Corp. are likely to increase.