Remove 2027 Remove Investors Remove Mortgage
article thumbnail

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

Housing Wire

With mortgage rates back into the 7% range and several consecutive weeks of reduced demand , Rocket Mortgage is making what appears to be a volume play. The announcement comes shortly after United Wholesale Mortgage (UWM) extended its Refi75 incentive through Nov. Rocket’s new offering debuts roughly one a week ahead of its Nov.

Mortgage 370
article thumbnail

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. billion in volume during these six months, trailing only United Wholesale Mortgage ($60.7 Rocket originated $42.3

Mortgage 459
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Housing Wire

It seems that everyone in mortgage and real estate has an opinion about Rocket Mortgage ‘s pending $1.75 After the deal was announced, CEO Varun Krishna told investors that he expects a lift in purchase mortgage growth after the deal closes. Essentially, it’s the holy grail of mortgage and real estate tech.

Mortgage 251
article thumbnail

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.

Mortgage 484
article thumbnail

loanDepot concludes $500M debt extension

Housing Wire

A loanDepot subsidiary, LD Holdings Group LLC, will exchange its outstanding senior notes due in 2025, paying 6.5%, for senior secured notes due in 2027, paying 8.75%, according to an 8-K filing sent Thursday to the Securities and Exchange Commission (SEC). Investors representing 96% of the old notes tendered and accepted the transaction.

Investing 448
article thumbnail

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. It’s an open platform. We’re not huge, but we’re not small either.”.

Mortgage 476
article thumbnail

Redwood Trust to close $85M in debt offering

Housing Wire

The company said the proceeds of the debt offering are expected to fund, among other things, the firm’s residential lending business, the acquisition of mortgage-backed securities (MBS), and strategic acquisitions and investments. Other companies in the space have also recently issued or are about to issue debt.

Investing 441