NEW YORK, July 3, 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=155228&from=4CLASS PERIOD: March 29, 2021 ...

Three supercharged dividend stocks have the necessary catalysts to make their patient shareholders notably richer.For more than a century, Wall Street has been a bona fide wealth-creating machine. Though other asset classes, including bonds, commodities, and real estate, have also delivered positive long-term returns, none of these other investments has come particularly close to matching the average annual return of stocks over the last 100 years.With thousands of publicly traded companies and exchange-tra ...

US mortgage rates dropped last week to the lowest level since early April, helping spark a pickup in home-refinance applications https://t.co/GRJTvE5AuB ...

Core Insights - Rocket Companies has completed the acquisition of Redfin, combining the largest mortgage lender with the most-visited real estate brokerage website [1][2] - The integration aims to enhance the homeownership experience by offering clients significant savings through the newly introduced Rocket Preferred Pricing [2][4] Group 1: Acquisition Details - The acquisition of Redfin by Rocket Companies is expected to bridge the gap between the American Dream of homeownership and reality [4] - Redfin has adopted a new brand identity, "Redfin Powered by Rocket," to unify the homebuying experience [3] Group 2: Rocket Preferred Pricing - Rocket Preferred Pricing offers qualified clients a one percentage point reduction in their interest rate for the first year or a lender credit up to $6,000 when financing through Rocket Mortgage and purchasing a home listed by a Redfin agent [2][3] - This pricing is available for conventional, FHA, or VA loans [3] Group 3: Organizational Changes - Rocket Companies has simplified its organizational structure by collapsing its "Up-C" structure, reducing the classes of common stock from four to two [6][7] - This simplification enhances equity liquidity and improves the company's ability to use its common stock for acquisitions [8] Group 4: Company Overview - Rocket Companies, founded in 1985, operates a fintech platform that includes various businesses such as Rocket Mortgage and Rocket Homes [9] - The company is recognized for exceptional client experiences, having ranked 1 in client satisfaction for primary mortgage origination and servicing by J.D. Power 22 times [10]

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].

Positioned to Be Debt-Free and Cash Flow Positive Heading Into 2026PROVIDENCE, R.I., July 01, 2025 (GLOBE NEWSWIRE) -- via IBN -- Beeline Holdings, Inc. (Nasdaq: BLNE), the fast-growing digital mortgage platform redefining the path to homeownership, today announced it has raised $6.5 million in fresh capital the last week of June through a combination of its At-The-Market (ATM) and equity line of credit (ELOC) programs during the final week of June. In parallel, the company aggressively reduced its debt by ...

Swedbank agrees to buy digital mortgage credit firm Stabelo for an initial price of $37 million to help bolster its home-loan business https://t.co/mHz3wOm6mx ...

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]

Group 1 - The article discusses the risks associated with high-yield investments, particularly those yielding over 9%, which often lead to dividend cuts and declining prices [1] - The focus is on baby bonds, which are preferred for their ease of trading and ability to generate strong yields with less volatility compared to regular bonds [2] - PennyMac Mortgage Trust (PMT) has announced a new baby bond, PMTW, which has a 9% coupon rate, similar to PMTV, with minor differences in ex-dividend dates and pricing [3][4] Group 2 - PMTW has seen high trading volume since its recent launch, with a goal of issuing $100 million, potentially increasing to $115 million with over-allotment [6] - The issuance of around 4 million shares is expected, with the anticipation of sellers closing positions before the weekend [7] - The yield to maturity for PMTW is approximately 9.49%, with a maturity date about five years out, providing a reasonable income stream [12] Group 3 - PMTW shares are currently within the target price range, with a calculated yield to maturity of 9.35% at a price of $25.05 [13] - The article emphasizes the importance of not using market orders due to potential price jumps and the strategy of placing bids instead [8][11] - The company plans to actively trade this position based on yield changes and the spread between these bonds and similar duration Treasuries [12]

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 ...