Rocket delivers $1B in profits for Q1

Rocket Companies, the parent of Rocket Mortgage, generated a whopping $1 billion profit in the first quarter, up from $865 million in Q4.

May 11, 2022 Was this email forwarded to you? Sign up for HousingWire's Daily Update here. Despite rising rates, Rocket delivers $1B profit in Q1 Mortgage Rocket Companies, the parent of Rocket Mortgage, generated a whopping $1 billion profit in the first quarter, up from $865 million in Q4. United Wholesale Mortgage Q1 profits up 89% despite lower production Mortgage, Politics & Money In the first quarter, United Wholesale Mortgage posted an increase in margins and profits over the prior quarter. We're here to change the way you think about reverse mortgages For too long, a reverse mortgage has been seen as a last resort for people in desperate straits. At Reverse Mortgage Funding LLC, we know that when used thoughtfully, it can be a sophisticated part of a financial plan. That's why we're working to change the way people think about reverse mortgages.   Learn More Sponsored by Reverse Mortgage Funding Finding opportunity in this real estate market Podcasts Today's episode focuses on where seasoned real estate brokers and agents see opportunity in the market and also looks at what Zillow is up to. Listen Now! When will housing inventory recover? Real Estate, Opinion, HW+ Exclusive Content According to Zillow's Jeff Tucker, after months of record lows, inventory finally began to rise in March, and it looks likely that we'll finally notch year-over-year growth sometime in 2022 — a milestone we haven't seen since fall of 2019. Give move-up buyers the options they need Are you missing out on strategies that can help you close more move-up loans? Mortgage insurance can help buyers move up to more, finance a fixer-upper, or retain funds for other priorities. See how with MI Solutions for move-up buyers from MGIC. Sponsored by MGIC How a Specialized Subservicer Can Make a Difference Presented by Selene Finance This white paper will cover how digitizing the whole end-to-end mortgage origination process improves customer satisfaction, builds trust with users and results in a more profitable loan fulfillment process. Amazon news raises new recession red flag Politics & Money, Real Estate, HW+ Exclusive Content Two significant things happened Friday: the BLS reported that the U.S. created 428,000 jobs in April, and I had to raise another recession red flag. Here's the scoop on both. Looking for a program for your self-employed, investor, and foreign national borrowers? Acra Lending offers a variety of programs designed specifically for these types of borrowers including Bank Statement Programs, Investor Cash Flow, and Foreign National Program. Visit acralending.com to discuss all your lending options. Sponsored by Acra Lending Did I miss the market? Tom Ferry has the answer Podcasts This week's extra episode is a Tom Ferry Podcast Experience crossover as Sarah and Clayton joined Tom to talk about the hottest market trends! loanDepot reports loss of $91.3M in Q1 Mortgage Loan origination volume dropped 26% to $21.6 billion from the previous quarter, bringing the company's market share down to 3.1%. Profitable solutions for a wild environment. As rates rise, lenders seek new areas of profitability. Computershare Loan Services can help your business thrive in any market with originations fulfillment, co-issue MSR acquisition, and loan servicing solutions. Let's tame the mortgage industry. Sponsored by Computershare Loan Services The current challenges to increasing the homeownership gap Real Estate, Opinion, HW+ Exclusive Content While the homeownership rate in the U.S. has increased overall throughout the pandemic, this is not the same for all Americans. NAR's Jessica Lautz breaks down the latest data. Unlock unlimited access with HW+ HW+ delivers career-making insights and analytics for professionals across the housing industry. Coupled with a community of the most engaged leaders in housing, HW+ can help you take your career to the next level and win the current market. Join HW+ Sponsored by HW+ Third-gen broker on the still-hot Florida real estate market Awards, Brokerage Emerging leader and broker/owner of Premier Realty Group talks about the still-hot Florida real estate market and offers agents advice. Title insurance industry premiums spike $7B year over year Real Estate, Closing, Mortgage As title insurance premiums jumped by 36% in a year, a market share analysis evaluates industry leaders facing uncertain times.  HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039 Manage preferences