Morning Roundup (11/13/2024) – Rocket Earnings

Good Morning! Today is Wednesday, November 13. Donald Trump put Elon Musk and Vivek Ramaswamy in charge of a new office, the Department of Government Efficiency. He chose Fox News host Pete Hegseth to be his defense secretary. Senate Republicans will vote today on a new leader.

The Mortgage Note Reports

Rocket Earnings: Rocket reported its Q3 2024 earnings on Tuesday, with total revenue of $647 million and adjusted revenue of $1.323 billion.

Burst Of Activity: Mortgage applications turned around last week as some buyers decided to make moves in the wake of the election.

Roller Coaster Reflected: New numbers show the resilience of the housing market and the impacts of recent drops and spikes in mortgage rates. Editor Kimberley Haas has the story.

In other mortgage and housing news…

Mortgage Toolkit: A&D Mortgage unveiled a free CRM tool for mortgage brokers.

Hot Take: “The housing market is a bubble full of fraud, and it’s going to pop.”

Company News: Optimal Blue promoted industry experts to new executive positions; ProMortgage announced a new HQ in San Rafael, CA; Splitero expanded its home equity solutions into Arizona.

More Earnings: Better Home and Finance reported Q3 2024 revenue of $29 million in the midst of a $54.1 million net loss.

Global Perspective: Mexico’s new president rolled out an ambitious homebuilding project and a zero-interest mortgage program.