Uncategorized

Rocket Cos. strikes new deal for JPMorgan Chase financing

Nonbank mortgage giant Rocket Cos. closed on a multibillion-dollar credit agreement with JPMorgan Chase on Thursday that will replace the facility it took out while two of its large acquisitions were pending last year. Processing Content The new credit line Rocket will use for general corporate purposes has an initial $2.5 billion capacity and allows […]

Rocket Cos. strikes new deal for JPMorgan Chase financing Read More »

Housing starts surge on rebound in multifamily construction

Housing starts in the US surged in June after a sharp drop a month earlier, driven by a rebound in apartment construction. Processing Content New residential construction increased 19% last month to an annualized rate of 1.43 million, the highest since March, government data released Friday showed. That topped all estimates in a Bloomberg survey

Housing starts surge on rebound in multifamily construction Read More »