Rocket showcases strategic pivot on Q4 earnings call

During Rocket Companies‘ third-quarter 2024 earnings call, the Detroit-based parent company of Rocket Mortgage said that it expected adjusted revenue of $1.05 billion to $1.2 billion in the fourth quarter.But on Thursday’s earnings call for Q4 2024, the company reported that it generated net revenue

CFPB dismisses TILA lawsuit against Vanderbilt Mortgage

The Consumer Financial Protection Bureau (CFPB) has voluntarily dismissed a lawsuit against Vanderbilt Mortgage & Finance that accused the Tennessee-based lender of pushing borrowers into “unaffordable loans” that, in some cases, caused them to lose their homes.The case against Vanderbilt was one of

NRMLA announces first event of 2025

The National Reverse Mortgage Lenders Association (NRMLA) this week announced its first conference of 2025 in the form of its Western Regional Meeting, the first such event to take place since 2023.NRMLA will hold the event in Irvine, California, on April 29, initially announcing it via an emailed m

Tuesday is tariff day for homebuilders

Steel. Lumber. China. Mexico. Europe. Reciprocal.These are just some of the goods, countries and methods slated for tariffs by President Donald Trump since he assumed office in January. Each proposal has its own degree of percentage and timeline, all of which can change without warning from a presid