Profit margins are up for home flips — but there’s a catch

Profit margins are up for home flips — but there’s a catch

After years of declines, home-flipping profits are coming back. That’s according to a report released this week by Attom, which showed that the typical profit on a flip in the second quarter... Read more »
UWM’s profits grow in Q3 as margins improve, volumes decline

UWM’s profits grow in Q3 as margins improve, volumes decline

UWM Holdings Corporation, the parent of United Wholesale Mortgage (UWM), produced lower mortgage origination volume in the third quarter of 2023 than the previous quarter – and more declines are expected to come. But... 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 »