A securitization of closed-end second mortgages originated mostly by Rocket Mortgage LLC pushes
A securitization of closed-end second mortgages originated mostly by Rocket Mortgage LLC pushes
Rocket Mortgage LLC has a lower yield than any CES issuance in nearly two years.
RCKT Mortgage Backed
Home-equity lending at Rocket Mortgage is helping the company generate new business outside its
Nearly $370 million in closed-end home-equity loans originated by Rocket Mortgage LLC are headed
-lien lending.” the report stated.
With a 39% share of the loans, Rocket Mortgage LLC was the second
, Rocket Mortgage LLC was responsible for 31%, and Spring EQ LLC generated 22%. The remaining 9% came from
the third highest-ranking lender listed for “second mortgage.”
Rocket Mortgage had the second
Rocket Mortgage LLC is preparing its third issuance this year of closed-end seconds liens. The
.5% of the loans in TPMT 2023-CES2 are being treated as full documentation.
Rocket Mortgage LLC
the fourth result was U.S. Bank, followed by Rocket Mortgage in the fifth position.
Five lead
the loans in the latest issuance are closed-end second mortgages originated by Rocket Mortgage LLC
rebranded as Rocket Mortgage.
HELN previously reported that Rocket Mortgage was the eighth-biggest HELOC