The addition of the assets of AmeriTrust Mortgage will allow Union Home Mortgage to expand its ability to produce non-qualified mortgages, CEO Bill Cosgrove said. Processing Content The transaction was first reported by HousingWire. Financial details were not disclosed. This is the latest mortgage company buy for Union Home. In September, it purchased the origination […]
Union Home CEO expects more M&A after AmeriTrust deal Read More »
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 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 »