Page 28 - Rocket Pro News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers in a scorching-hot housing market.

Starting today, Rocket Pro TPO launches the Fast 15 Guarantee, a promise that eligible loans will be cleared to close in no more than 15 business days from the submission of a complete loan file. In fact, the company is so confident in its guarantee that it will award borrowers with a $2,500 lender credit if the loan does not close on its promised due date. 

As we edge toward Easter, which isn’t until April 17 this year, the Dallas Fed has released a report on housing prices… have they become unhinged from fundamentals? Those crafty food scientists have been at work creating Black Jelly Bean Spiced Maple Syrup for creative pancake breakfasts. Some people will tell you that accounting can be creative, but one likes to think that publicly-held companies, with the advantages and disadvantages of being public, are an open book, accounting-wise. For example, Guild Holdings (Mortgage)’s the most recent filing with the Securities and...

Rocket Mortgage announced today a multi-year partnership with the Detroit Tigers that makes it the teams exclusive mortgage partner.

Yes, it’s March 4th… the only day that is a command for us humans. We thought it was our ability to love that made us human, but it turns out that it is actually our ability to select each image that contains a traffic light. (Put another way, to prove to a robot that we are not a robot.) Underwriters know a thing or two about human nature, and about collateral. This morning I leave San Diego, recently in the press for “de-throning” San Francisco as the least affordable city in the United States. Do your underwriters care if the loan is on a townhome? (Think single-...