FHA loan limit increases to $498,257 in 2024

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2024 to $498,257 and $1,149,825, respectively, the FHA announced Tuesday. The new FHA loan limits apply to... Read more »
With new CEO, Rocket increases margins, remains profitable in Q3

With new CEO, Rocket increases margins, remains profitable in Q3

Amid the most challenging mortgage market in decades, Rocket Companies, the parent of Rocket Mortgage, remained profitable in the third quarter of 2023, showing higher margins in the direct-to-consumer and wholesale channels.  This was... Read more »