If [anyone has] been in the market for a mortgage recently, you’ve no doubt noticed how difficult it can be to get approved. … Paul McFadden, a loan officer with The Legacy Group in Bellevue, Washington, says, “These days, the number of mortgage applications that get approved is probably three out of 10. In the heyday, it was nine out of 10. Normally five or six out of 10 would be the ratio.”
Six new hurdles for home financing
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Rocket delivers $291M profit amid improved margins and MSR acquisitions
The Detroit-based lender reported a GAAP net income of $291 million from January to March, its highest profit level in two years.