Nonbank Lenders


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Dan GIlbert (Getty, iStock)

Mortgage mogul Dan Gilbert sees net worth quicken to $34B

In its first day of trading, shares of Rocket Co. rose more than 19 percent, pegging the net worth...

Mortgage mogul Dan Gilbert sees net worth quicken to $34B
Quicken Loans founder Dan Gilbert (Getty)

Quicken Loans’ IPO filing reveals $1.8B in Q1 revenue

The parent company of Quicken Loans and Rocket Mortgage is officially going public. Rocket Companies filed for an initial...

Quicken Loans’ IPO filing reveals $1.8B in Q1 revenue
Quicken Loans’ Dan Gilbert (Getty)

Quicken Loans files for IPO

Mortgage giant Quicken Loans is heading to Wall Street in what could be the largest initial public offering of the year. The Michigan-based non-bank lender has confidentially filed with the U.S. Securities and Exchange...

Quicken Loans files for IPO
From left: Brian Stoffers, chairman of Mortgage Bankers Association, Bob Goldberg, CEO of The National Association of Realtors, and Dean Mon, chairman of National Association of Home Builders (Credit: Stoffers via Thomas Yau/South China Morning Post via Getty Images; Goldberg via NAR; Mon via Michael Loccisano/FilmMagic; iStock)

As forbearance wave hits, real estate industry begs Fed to take action

The commercial real estate industry is asking the federal government to buy bonds, assets, or lend money to mortgage...

As forbearance wave hits, real estate industry begs Fed to take action
Lenders issued the most mortgages in 14 years last quarter (Credit: iStock)

Nonbank lenders could give serious boost to cooling housing market

The sluggish housing market could receive a nice jolt as mortgage rates continue to fall and lenders are originating...

Nonbank lenders could give serious boost to cooling housing market
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