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Rocket Companies, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before July 8, 2025 to Discuss Your Rights - RKT
Prnewswire· 2025-07-01 13:00
Core Viewpoint - A class action securities lawsuit has been filed against Rocket Companies, Inc. due to alleged securities fraud affecting investors between March 29, 2021, and April 1, 2021 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Rocket's gain on sale margins were contracting at the highest rate in two years due to increased competition among mortgage lenders and a shift towards lower margin segments [2]. - It is alleged that Rocket was engaged in a price war with competitors in the wholesale market, further compressing margins in its Partner Network operating segment [2]. - The complaint states that adverse trends were accelerating, with Rocket's gain on sale margins expected to drop by at least 140 basis points in the first half of 2021 [2]. - The favorable market conditions that previously allowed Rocket to achieve high gain on sale margins had disappeared, returning to levels not seen since Q1 2019 [2]. - The company's gain-on-sale margins had fallen materially below recent historical averages, contradicting positive statements made by the defendants about the company's operations and prospects [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the relevant time frame have until July 8, 2025, to request to be appointed as lead plaintiff, although participation does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4].
Atrium Mortgage Investment Corporation Announces Termination of Public Offering of Debentures
Newsfile· 2025-07-01 02:30
Core Viewpoint - Atrium Mortgage Investment Corporation has terminated its bought deal offering of 6.00% convertible unsecured subordinated debentures due September 30, 2032, due to additional remediation procedures required by its former auditor as identified by the Canadian Public Accountability Board (CPAB) [1] Company Overview - Atrium is a non-bank provider of residential and commercial mortgages, focusing on major urban centers in Canada where real estate stability and liquidity are high [3] - The company's objectives include providing stable and secure dividends to shareholders while preserving equity by adhering to conservative risk parameters [3] Financial Reporting and Audit Concerns - The termination of the offering is linked to insufficient support for the former auditor's opinions on Atrium's annual financial statements for the years ended December 31, 2023, and 2024, particularly regarding the staging of mortgage receivables and allowance for mortgage losses [1] - Atrium is committed to assisting in addressing the concerns raised and expects satisfactory resolution of all identified issues [1]
Shareholders of Rocket Companies, Inc. Should Contact Levi & Korsinsky Before July 8, 2025 to Discuss Your Rights – RKT
GlobeNewswire News Room· 2025-06-30 19:45
NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Rocket Companies, Inc. ("Rocket Companies" or the "Company") (NYSE: RKT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rocket Companies investors who were adversely affected by alleged securities fraud between March 29, 2021 and April 1, 2021. Follow the link below to get more information and be contacted by a member of our team: https://www.zlk.com/pslra-1/rocke ...
Rocket Companies: Acquisition Synergy + Macroeconomic Tailwind
Seeking Alpha· 2025-06-29 12:57
Core Viewpoint - Rocket Companies (NYSE: RKT) has experienced significant price volatility recently, with various bullish and bearish perspectives emerging in response to the uncertain macroeconomic environment. The analysis leans towards a bullish outlook for the company [1]. Group 1: Company Performance - Rocket Companies is navigating a challenging macroeconomic landscape, which has led to fluctuating stock prices [1]. - The company is viewed positively due to its potential for growth and the disruptive changes anticipated in the industry over the next decade [1]. Group 2: Market Sentiment - There is a mix of opinions among investors regarding Rocket Companies, with some expressing optimism while others remain cautious [1].
Levi & Korsinsky Notifies Rocket Companies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – RKT
GlobeNewswire News Room· 2025-06-27 20:04
Core Viewpoint - A class action securities lawsuit has been filed against Rocket Companies, Inc. due to alleged securities fraud that occurred between March 29, 2021, and April 1, 2021 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Rocket's gain on sale margins were contracting at the highest rate in two years due to increased competition among mortgage lenders and a shift towards lower margin segments [2]. - It is alleged that Rocket was engaged in a price war with competitors, further compressing margins in its Partner Network operating segment [2]. - The complaint states that adverse trends were accelerating, with gain on sale margins expected to plummet by at least 140 basis points in the first half of 2021 [2]. - The favorable market conditions that previously allowed Rocket to achieve high gain on sale margins had disappeared, returning to levels not seen since Q1 2019 [2]. - The company's gain-on-sale margins had fallen materially below recent historical averages, contradicting positive statements made by the defendants about the company's operations and prospects [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the relevant time frame have until July 8, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4].
OFA Group Signs Non-Binding Letter of Intent to Acquire Controlling Stake in Aspire Homes and RateDNA
Globenewswire· 2025-06-27 12:08
Integration of high-performing agent-led platform to expand residential real estate and specialty lending footprint Los Angeles, CA, June 27, 2025 (GLOBE NEWSWIRE) -- OFA Group (Nasdaq: OFAL) (“OFA” or “the Company”), an integrated architecture and technology firm, today announced it has signed a Letter of Intent (“LOI”) to acquire a 60% controlling interest in Aspire Homes Realty Inc. and its affiliated lending platform, RateDNA, Inc. (“Acquisitions”). RateDNA is a high-growth, vertically integrated real ...
The Gross Law Firm Notifies Rocket Companies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – RKT
GlobeNewswire News Room· 2025-06-26 20:32
NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Rocket Companies, Inc. (NYSE: RKT). Shareholders who purchased shares of RKT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/rocket-companies-inc-loss-submission-form/?id=154293&from=3 CLASS PERIOD: March ...
Real Matters to Announce Third Quarter Fiscal 2025 Financial Results on July 31, 2025
Globenewswire· 2025-06-26 14:00
Core Viewpoint - Real Matters Inc. will announce its third quarter fiscal 2025 financial results on July 31, 2025, before market open [1] Group 1: Company Overview - Real Matters is a leading network management services provider for the mortgage lending and insurance industries [3] - The company combines proprietary technology and network management capabilities with a large pool of independent qualified field professionals [3] - Real Matters serves top 100 mortgage lenders in the U.S. and major banks and insurance companies in Canada [3] - The company is a leading independent provider of residential real estate appraisals and title and mortgage closing services in the U.S. [3] - Real Matters is headquartered in Markham, Ontario, with principal offices in Buffalo, New York, and Middletown, Rhode Island [3] - The company is listed on the Toronto Stock Exchange under the symbol REAL [3] Group 2: Conference Call Details - A conference call to review the financial results will occur at 10:00 a.m. (ET) on July 31, 2025, hosted by the CEO and CFO [2] - An accompanying slide presentation will be available on the Investor Relations section of the company's website before the call [2] - Participants must pre-register to join the conference call, with registration details provided [4]
The Gross Law Firm Reminds Rocket Companies, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 8, 2025 - RKT
Prnewswire· 2025-06-26 13:00
NEW YORK, June 26, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Rocket Companies, Inc. (NYSE: RKT).Shareholders who purchased shares of RKT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/rocket-companies-inc-loss-submission-form/?id=154278&from=4CLASS PERIOD: March 29, 202 ...
Beeline Title Among the First to Close Crypto Real Estate Transaction
Globenewswire· 2025-06-25 12:40
Core Viewpoint - Beeline Holdings, Inc. is pioneering a title platform for lenders that utilizes stable coins to enhance liquidity in residential real estate transactions, marking a significant advancement in blockchain-driven real estate finance [1][4]. Group 1: Company Developments - Beeline Title has successfully closed a residential real estate transaction funded through a cryptocurrency token backed by real property, indicating a major milestone in integrating decentralized finance with traditional title services [1]. - The company plans to launch a Fractional Sale of equity product leveraging the crypto ecosystem in August 2025, with Beeline Title providing title and closing services for these transactions [2]. - Beeline Title aims to open its platform to all mortgage lenders, offering a solution for cryptocurrency token transaction reconciliation, compliance, and disbursement [3]. Group 2: Leadership and Expertise - Nick Liuzza, CEO of Beeline Holdings, emphasizes the need for a title company that understands blockchain transactions and has the necessary infrastructure to comply with regulations for these models to function at scale [2]. - The team behind Beeline Title previously built Linear Title, one of the largest privately held title agencies in the U.S., closing over one million title transactions across all 50 states through 2019, showcasing their extensive experience in the field [4]. Group 3: Industry Positioning - As cryptocurrency adoption increases and becomes regulated, Beeline is positioning itself as a leader in the evolving ecosystem, providing trusted infrastructure to help lenders integrate crypto with compliance [4]. - Beeline Financial Holdings, Inc. is transforming property financing through its digital, AI-powered platform, aiming to streamline the mortgage origination process with speed and transparency [5].