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Rocket Companies Announces CEO Transition Plan

Rocket Companies Announces CEO Transition Plan

by Leora Ruzin | Feb 13, 2023 | Mortgage Information, Real Estate News

ay Farner, CEO of Rocket Companies, plans to retire from his position effective June 1, 2023 after 27 years with the company. Rocket Companies is a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services...
Alliance Bring $3.8M in Affordable Housing Funding to DC Suburb

Alliance Bring $3.8M in Affordable Housing Funding to DC Suburb

by Leora Ruzin | Feb 13, 2023 | Mortgage Information, News/Current Events, Real Estate Agent Tools, U.S. Housing Market

Home buyers in search of affordable housing in the DC Metro may find more homes in their price range soon. The City of Falls Church has launched an Affordable Homeownership Program (CFCAHP), which will make $3.8 million available to support affordable homeownership....
Does being married help or hinder when it comes to a mortgage?

Does being married help or hinder when it comes to a mortgage?

by Third Party | Feb 13, 2023 | Mortgage Information, Real Estate Agent Tools

Source: Yahoo! News —  With Valentine’s Day on the horizon, and the inevitable influx of proposals and engagements that come along with it, it’s worth knowing whether tying the knot has an impact when it comes to buying a new home. We asked some experts...
Mortgage advice that you should think twice about following

Mortgage advice that you should think twice about following

by Third Party | Feb 13, 2023 | International Real Estate News, Mortgage Information, Real Estate Agent Tools

Source: Mortgage Introducer —  Social media has given a platform for a lot of people claiming or making it appear that they are ‘experts’ on certain subjects, including mortgages. People can watch them anytime and anywhere, so the potential to reach a lot of...
Why growth of reverse mortgages is surging despite rapid rise in interest rates

Why growth of reverse mortgages is surging despite rapid rise in interest rates

by Third Party | Feb 13, 2023 | International Real Estate News, Mortgage Information

Source: The Globe and Mail —  Reverse mortgages have always been a controversial financial product, but that hasn’t stopped their expansion in Canada or from becoming a growing source of interest among advisors as a potential recommendation for certain clients....
What is a good income to buy a house? You’ll need at least $100,000 in nearly 40% of markets

What is a good income to buy a house? You’ll need at least $100,000 in nearly 40% of markets

by Third Party | Feb 12, 2023 | Mortgage Information, Real Estate Agent Tools

Source: USA Today —  Even as mortgage rates doubled since the start of the year, home prices grew in nine out of 10 metro markets in the fourth quarter of 2022, according to the National Association of Realtors’ latest quarterly report. Eighteen percent of the...
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