mortgage

United Wholesale Mortgage — the biggest U.S. wholesale mortgage originator — is looking to go public via merger with the special-purpose acquisition company (SPAC) Gores Holdings IV Inc (NASDAQ: GHIV). The transaction values United Wholesale Mortgage at $16.1 billion, a record...

Detroit-based Rocket Companies Inc (NYSE: RKT), the parent company of mortgage lender Quicken Loans, made its debut as a public company Thursday. Founder Dan Gilbert and CEO Jay Farner were interviewed on CNBC about the listing and the broader mortgage market. Gilbert On IPO Timing:...

Frequent handwashing, buying extra groceries, refraining from touching your face. These items are on most people's list of coronavirus preparations.  But what about talking to a broker about a new home purchase or mortgage refinancing?  The COVID-19 outbreak and resulting economic...

Mike Calhoun was dismissed as a doomsdayer when he sounded the alarm on subprime mortgages ahead of the 2008 housing market crash. "We projected over 2 million subprime mortgage foreclosures, and the response was we were ridiculed by the industry," Calhoun, the president of the Center for...

Chris de la Motte, co-founder and president at Simplist, spoke with Benzinga about improving affordability and funding access in the mortgage lending space. Background Launched in 2018, the New York fintech is a modern mortgage marketplace for the next generation of homeowners. Backed by a team of...

So many first-time buyers struggle pulling together the down payment that gifted money from relatives and close friends has become relatively common. The practice is no longer prevalent only among wealthy families. Now that gifts for down payments are more common, the requirement for a gift...

You worked hard to save for a down payment and have enough to qualify for a loan on your first home. But there are other costs that you have to cover wrapped into the category called “closing costs.” An important part of your loan research is to understand how much these costs are....

Mortgage interest rates are at historic lows. If you’re in the market to buy a home, this is great news. A lower interest rate means a lower monthly mortgage payment, resulting in you being able to buy more house for your money. If you already own a home, low interest rates bring more...

There’s no reason to assume that the down payment for a house will always be 20%. Although this may be true for conventional loans, it’s not the case for every situation. Many avenues exist for a lower down payment. For example, with FHA loans, the down payments can be as low as 3....

Deciding between a short-term, 15-year and 30-year mortgage isn't easy. Each one brings costs and benefits, and it can be difficult to arrive at an answer. We have come up with a few tips on helping to determine whether a short-term mortgage is the right decision for you.  When you...

Shares of Ellie Mae Inc (NYSE: ELLI) soared more than 20 percent Tuesday after the cloud-based platform provider for the mortgage industry agreed to sell itself to private equity investment firm Thoma Bravo. What Happened Ellie Mae agreed to sell itself to Thoma Bravo for $3.7 billion, or $99 per...

Analysts at RBC Capital Markets turned bullish on Ellie Mae Inc (NYSE: ELLI) ahead of three potential catalysts that will present themselves in the near-term. The firm's Ross MacMillan upgraded Ellie Mae's stock to Outperform with a price target boosted from $90 to $105. A Sector Perform...

You’ve been feeling cramped in your current living situation and are now prequalified for an impressive home loan amount. But before you put in an offer on your dream home, ask yourself whether you can really afford that much house. “Most buyers will qualify for more than what they want...

Want to reach a big financial goal? Does it feel overwhelming to think about the amount of money you need to save to get there? You need a savings plan to break things down into bite-sized pieces, give you direction, and provide you a way to achieve your goal one step at a time. The phrase “...