Rocket Mortgage is taking steps to boost its market share and production of purchase mortgages. That includes an effort to increase wholesale lending.

Home equity investments allow homeowners to receive cash in exchange for a share in home price appreciation. Activity in the sector has grown to the extent that there was a conference dedicated to HEIs last week.

Believing in its prowess as a servicing recapture expert, Rocket Mortgage is itching to buy MSR packages. In other M&A news, a distillery wants to enter the origination business. Think of the cross-selling opportunities!

Harris reiterates housing plan at debate; Trump vows to prohibit mortgages for undocumented residents; CFPB plans open banking rule for mortgages; Rocket to rebrand.

Mat Ishbia, president and CEO of UWM, said “retail competitors and large servicers are intensely working to solicit” borrowers who received their existing mortgages through brokers.

Buying a home is “roughly affordable again at the national level,” according to Zillow.

Currently, Dan Gilbert, Rocket’s chairman, owns about 93% of the company’s stock.

Applications for both purchase mortgages and refinances were up modestly last week.

After issuing a final rule on open banking, the CFPB plans a follow-on rule for open banking with mortgages.

Originations of both non-agency and conforming jumbos were up in the second quarter of this year.