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Rocket Companies stated that they are increasing their focus on technology and AI as they continue to thrive amidst mortgage and housing market challenges. 2023 had some ups and downs for the company, like many others. Despite the lawsuit filed against the company for an alleged violation of the Telephone Consumer Protection Act and a…
The post Rocket Mortgage Focuses on AI as Earnings Continue to Grow appeared first on RISMedia.
Last year was filled with pressing difficulties in the real estate realm—throughout the United States and beyond—although virtual brokerage eXp was able to increase its Q4 revenue by 5%, a notable jump compared to the same period in 2022, amounting to $983 million year-over-year. Full-year revenue amassed $4.28 billion. It’s worth highlighting, however, that the…
The post eXp Posts Profitable Q4, Positioned to Capitalize on Future Growth Opportunities appeared first on RISMedia.
Good news for homeowners: Mortgage delinquencies are on the decline, dropping to their lowest point since October 2023, according to Intercontinental Exchange’s (ICE) First Look at January 2024’s mortgage performance data. The national mortgage delinquency rate dipped to 3.38% in January, marking a welcome fall from the holiday-driven bump seen in December 2023 but flat…
The post ICE First Look: January Mortgage Delinquencies Drop to Lowest Level Since October appeared first on RISMedia.