Minority investors in the NBA‘s Phoenix Suns have filed a lawsuit against the team and its majority owner, Mat Ishbia. They allege being denied access to internal records, including those tied to the funding of a practice facility. The lawsuit, filed on Aug. 21 in the Delaware Court of Chancery, comes from Kisco WC Sports […]
UWM’s Mat Ishbia, Phoenix Suns sued by minority owners over records dispute Read More »
The Federal Housing Finance Agency (FHFA) said Tuesday it has allowed Fannie Mae and Freddie Mac to approve Rocket Companies’ planned acquisition of Mr. Cooper Group, noting the combined company should not exceed a 20% counterparty risk limit set for the government-sponsored enterprises (GSEs). Detroit-based Rocket announced in March that it would acquire Mr. Cooper
FHFA clears Rocket’s $9.4B acquisition of Mr. Cooper, with safeguards Read More »
The Hispanic Organization of Mortgage Experts (HOME) on Tuesday announced the launch of what it claims to be the mortgage industry’s first bilingual learning management system (LMS), HOME Certified, powered by Twiz.io. The organization also introduced Wholesale Search, an AI-powered tool built on ChatGPT that takes mere seconds to match borrowers with lenders who offer
HOME launches bilingual learning system and AI-powered wholesale search tool Read More »
A Michigan judge ruled on Friday that Rocket Mortgage’s noncompete provisions are void and unenforceable, dealing a blow to the lender in its long-running legal battle with Swift Home Loans, its founder Andi Numan and several former employees. The decision, issued by Judge Brian R. Sullivan of the Third Judicial Circuit of Michigan, cites the
Michigan judge strikes down Rocket Mortgage noncompete provisions Read More »
Federal Reserve Governor Lisa Cook plans to sue President Donald Trump after he attempted to fire her on Monday, citing allegations of mortgage fraud. The case has renewed concerns over the Fed’s independence and added fresh volatility to financial markets. “President Trump has no authority to remove Federal Reserve Governor Lisa Cook. His attempt to
Fed’s Lisa Cook to sue Trump over attempted firing Read More »
Planet Financial Group LLC, the parent of national mortgage lender Planet Home Lending, on Tuesday reported strong growth across its servicing, origination and asset management channels in the second quarter of 2025. The company — which also does business under the name Planet Loan Servicing and asset manager Planet Management Group — grew its total
Planet Financial posts 64% annual growth in residential originations Read More »
Knock, a real estate technology company that helps homeowners to buy before they sell, on Tuesday announced the close of its inaugural $100 million securitization. Cantor Fitzgerald & Co. served as the initial purchaser and bookrunner for the transaction, which closed on Aug. 14 and generated strong demand from well-established institutional investors in residential mortgage-backed
Knock closes $100M securitization, says it’s reached profitability Read More »
The publicly traded companies in the reverse mortgage space were largely profitable in the second quarter of 2025, despite a challenging macroeconomic backdrop. As a group, they posted $1.2 billion in originations in Q2 2025, compared to $1 billion in the first quarter. Executives pointed to stronger demand for home equity products among seniors, as
Reverse mortgage lenders log Q2 profits amid home equity, AI push Read More »
Federal Reserve Chair Jerome Powell’s speech on Friday at the Jackson Hole Economic Symposium left real estate and mortgage professionals cautiously optimistic. While expectations are building for lower interest rates, volatility remains a concern. In his final address as Fed chair at the Federal Reserve Bank of Kansas City’s annual conference, Powell signaled the possibility
Powell’s Jackson Hole speech stirs cautious optimism for housing Read More »
Bill Emerson is retiring as president of Rocket Companies but will remain as a director, the company disclosed in a filing with the Securities and Exchange Commission (SEC). “After more than three decades at Rocket, Bill Emerson will step down as president at the end of the year,” a Rocket spokesperson told HousingWire. “Bill is
Bill Emerson to retire as president of Rocket Companies Read More »