Fathom Buys Mortgage Lender Cornerstone First Financial
Known primarily as a real estate brokerage, Fathom got into the mortgage business last year with the acquisition of Encompass Lending Group.
Source: inman.com
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DBusiness Daily Update: Rocket Mortgage Classic Nets $1.35M for Area Nonprofits, and More
Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies.
Source: dbusiness.com
Rocket Chairman Target Of Insider Trading Lawsuit
An investor in Rocket Companies Inc. — which operates Rocket Mortgage, Rocket Homes, and Rocket Auto — filed a derivative lawsuit accusing the company’s founder and chairman of insider trading, claiming he sold $500 million in stock last year based on “material, non-public information about Rocket.” The 40-page complaint, first reported by Reuters news service, was filed Monday in the Court of Chancery in Delaware by shareholder Christopher Vargoshe. It names Rocket Chairman Daniel GIlbert and Rock Holdings Inc. (RHI) as defendants.
Source: nationalmortgageprofessional.com
Rocket Shuffles Leadership And Repositions As A Fintech Platform
As rising mortgage rates threaten profits, the nation's largest mortgage lender positions itself as more than a provider of home loans.
Source: inman.com
Rocket Mortgage's new CEO on longevity in a time of change
Bob Walters' decades of experience with the brand offers stability as it fights to remain at the forefront amongst its competitors in mortgage and related businesses.
Source: nationalmortgagenews.com