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Rocket Mortgage plans to double its purchase market share by 2027

Housing Wire

Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. Rocket originated $42.3 billion in volume during these six months, trailing only United Wholesale Mortgage ($60.7

Mortgage 459
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In a sluggish market, Rocket Mortgage courts brokers with pricing incentive

Housing Wire

Rocket told investors in September that by 2027 it aims to double its current market share in purchase mortgages to 8% from the current 4%, and its refinance share to 20% from 12%. By channel, Rocket reported $13 billion in closed loans in the second quarter via its direct-to-consumer channel and $11.3 billion through its TPO channel.

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Rocket is acquiring Redfin’s huge flow of purchase leads. Can the mortgage giant convert them?

Housing Wire

After the deal was announced, CEO Varun Krishna told investors that he expects a lift in purchase mortgage growth after the deal closes. Rocket connects with 2 million purchase contracts annually when they explore affordability and mortgage financing. “These are highly valuable buyers and sellers with a strong intent to transact.

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Under stress, loanDepot ‘buys time’ with plan to extend $500M debt

Housing Wire

Between now and the end of 2027, I think most market participants expect conditions to improve.” By comparison, Mr. Cooper issued senior notes to qualified investors in January that will mature in 2032 and will bear interest at 7.125% per year, paid semiannually. due in 2025 for newly senior secured notes due on Nov.

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FOA announces amendment and update for bond exchange offer

Housing Wire

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later.

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The crypto-mortgage is the new kid on the block

Housing Wire

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. trillion and is projected to exceed $32 trillion in value by 2027.

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Study: Houston Real Estate And Inflation

Houston Properties

For investors: rents typically follow the inflation rate. Benefit #3 (For Investors): Inflation Impacts Rental Rates. 2027 (5 years). If you’re making more money but your monthly payments for your financing stay the same, then the payments take up a smaller percentage of your working capital. 2032 (10 years).