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Rocket Sues UWM, Claiming Breach of Contract of MSR Agreement

Rocket Sues UWM, Claiming Breach of Contract of MSR Agreement

by Phil Hall | May 14, 2026 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

The Rocket Mortgage division of Rocket Companies (NYSE: RKT) has filed a lawsuit against United Wholesale Mortgage (NYSE: UWMC) claiming it breached the non-solicitation agreements linked to the sale of mortgage-servicing rights (MSR) to Nationstar Mortgage Group,...
Rocket Mortgage to Offer Bridge Loans for Homeowners

Rocket Mortgage to Offer Bridge Loans for Homeowners

by Phil Hall | Jun 25, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rocket Mortgage, a division of Rocket Companies (NYSE: RKT), announced the addition of bridge loans to its product offerings. According to a statement from the Detroit-headquartered company, the new product “allows current homeowners to use equity to compete...
Rocket Mortgage to Offer Bridge Loans for Homeowners

Rocket Mortgage to Exit the Canadian Market

by Phil Hall | Mar 7, 2025 | Current News & Events, International Real Estate News, Mortgage Information, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Mortgage is withdrawing from the Canadian housing market. According to combined media reports, the company initially expanded to Canada in 2020 with a headquarters in Windsor, Ontario. Rocket Mortgage plans to complete its exit from the...
Rocket Mortgage Debuts Program Offering Closing Cost Credits to Renters

Rocket Mortgage Debuts Program Offering Closing Cost Credits to Renters

by Phil Hall | Feb 18, 2025 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Mortgage, a part of Rocket Companies (NYSE: RKT), has unveiled RocketRentRewards, a new program designed to provide closing cost credits for renters. According to the company, homebuyers with a Rocket mortgage earn 10% back on the last 12...
Rocket Sues UWM, Claiming Breach of Contract of MSR Agreement

Rocket Mortgage Challenges Feds Over Appraisal Independence Rules

by Phil Hall | Dec 5, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Mortgage, a part of Rocket Companies (NYSE: RKT), announced that is suing the US Department of Housing and Urban Development (HUD) to correct what is claimed to be “conflicts between the government’s regulations requiring appraiser...
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