Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.

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Rocket Mortgage Enjoys Strong Earnings As Slowdown Looms

Friday, May 07 2021
Lending
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Rocket Mortgage has celebrated another robust earnings season, but later in the year that champagne might need to stay on ice. So reports the Detroit Free Press.

Rocket Loans 100x100The parent of Quicken Loans posted a profit of $2.7 billion in the first quarter, down modestly from the previous quarter but still a sharp increase from $99 million a year earlier.

The Mortgage Bankers Association has predicted that the U.S. mortgage market will cool off by 14% from 2020’s near-record volume amid a rebound in interest rates.

Read the full article from Detroit Free Press.

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