Page 14 - Rocket Pro News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rocket Pro TPO wants to court brokers from its competitor United Wholesale Mortgage even if it means covering legal costs to bring them over. 

The lender will cover the court-related costs and penalties professionals may incur for breaking their pact with United Wholesale Mortgage.

In a move that would seemingly escalate the ongoing cross-town battle between two giant mortgage lending rivals, executives at Rocket Mortgage now say they'll pay up for independent brokers feeling stuck due to an ultimatum from United Wholesale Mortgage.Mike Fawaz, the executive vice president of…

Happy Groundhog Day, where the rodent saw its shadow this morning, so plan on six more weeks of winter. There’s an old Yiddish proverb “We plan, God laughs.” Lots of people plan on owning a home, and will need financing. (Today’s podcast features an interview with homeowner Riley Howard about his decision why he refinanced his primary mortgage rate four times, and how he chose his lender(s).) Plenty of lenders are planning on being around to help do the estimated $2 trillion in home loans this year. Plenty of people had planned on the Federal Reserve’s Open M...

The layoff round, which a spokesperson said represents "less than one quarter of one percent of the roles in the company," comes after Rocket announced a 20-person reduction in the marketing team in early January.