Archives: July 2020

Market Update: Home Price Growth Continues Amid Pandemic

The Case-Shiller report showed a 4.5% increase in home prices annually in May. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.

Rocket Companies Announces Launch of Initial Public Offering

Detroit-based Rocket Companies, Inc. ("Rocket Companies"), today announced plans to commence the roadshow for its proposed IPO.

Market Update: Existing Home Sales Surge in June

June’s Existing Home Sales report showed a massive 20.7% increase in home sales, to a seasonally adjusted rate of 4.72 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.

Quicken Loans and Amrock Team Up for North Carolina’s First Remote Online Mortgage Closing

The precedent has been set for consumers and notaries in the state to securely sign electronic documents remotely from different locations.

Market Update: Housing Starts Jump in June

June’s New Residential Construction report showed an intense 17.3% increase in privately-owned housing starts, to an annual rate of 1,186,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.

Rocket Companies Files Registration Statement for Proposed Initial Public Offering

Detroit-based holding company consisting of personal finance and consumer service brands including Rocket Mortgage, today announced it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock.