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☆ Rocket Cos. Hires Former Airbnb CMO Jonathan Mildenhall as Its CMO
▼ + stars: | 2024-01-13 | by ( Megan Graham | ) www.wsj.com time to read: 1 min

Jonathan Mildenhall, who previously held marketing roles at Airbnb and Coca-Cola, is joining Rocket Cos. as chief marketing officer. Photo: Frazer Harrison/Getty ImagesRocket Cos., the parent of mortgage lender Rocket Mortgage, has hired Jonathan Mildenhall to be its first chief marketing officer. The Detroit-based company said Mildenhall, a well-known marketing executive who is set to start on Monday, will be responsible for creating a more unified voice for Rocket Cos.’ businesses, which also include home search platform Rocket Homes, personal finance app Rocket Money and advertising company Core Digital Media. Marketing and communications teams for Rocket Cos.’ brands will report to Mildenhall, who will report to Rocket Cos. Chief Executive Varun Krishna .

Persons: Jonathan Mildenhall, Frazer Harrison, Cos, Varun Krishna Organizations: Cos, Rocket Mortgage, Core Digital Media, Marketing Locations: Detroit, Mildenhall

☆ She bought a house without using a realtor. Did you?
▼ + stars: | 2023-11-28 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Diem Nguyen recently bought a home near San Francisco without using a real-estate broker. AdvertisementIn October, Diem Nguyen bought a home in the San Francisco Bay Area for $1.6 million — without a realtor. About 88% of homebuyers this year used a real-estate agent, Zillow found . Have you bought a home without a real-estate agent? (Aalto does have a team of real-estate agents working behind the scenes, but they are salaried rather than paid by commission.

Persons: Diem Nguyen, —, Aalto, Buyers, Nguyen, Zillow, Sellers, Jordan Pandy, Ilyce Glink, Samuel J, Tamkin Organizations: Service, San Francisco Bay Area, country's, Buyers, Rocket Mortgage, Washington Post, Sarasota Herald, Tribune Locations: San Francisco, San Francisco Bay, California, Washington, Zillow, Sarasota

☆ Salesforce appoints longtime executive Denise Dresser as Slack CEO
▼ + stars: | 2023-11-13 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Longtime Salesforce executive Denise Dresser has been appointed CEO of Slack, Salesforce co-founder and chief executive Marc Benioff announced Monday. Dresser becomes the third CEO of the Salesforce unit since it was acquired by Salesforce in 2020. She has been a Salesforce executive for more than 12 years, according to her company biography and LinkedIn profile, most recently as president of accelerated industries. Dresser will take the top job at Slack after its most recent CEO, Lidiane Jones, accepted the chief executive role at dating app Bumble earlier this month. Most notably, Slack founder Stewart Butterfield and Salesforce co-CEO Bret Taylor departed in the span of two weeks in December 2022.

Persons: Technology Denise Holland Dresser, Casey Hurbis, Shilpa Sharma, Denise Dresser, Slack, Salesforce, Marc Benioff, Dresser, Lidiane Jones, Jones, Bumble, Whitney Wolfe, Benioff, Denise, Arthur Andersen, Stewart Butterfield, Bret Taylor, Butterfield, — CNBC's Ari Levy, Jordan Novet Organizations: Communications, Media, Technology, Rocket, Boston Consulting, Salesforce, CNBC, University of Massachusetts Amherst, Oracle, Big Locations: Beverly Hills , California, Salesforce

☆ A real-estate investor with a 311-unit portfolio breaks down the tax rule that saved her hundreds of thousands of dollars last year — and even allowed her to claim a $167,000 check from the IRS
▼ + stars: | 2023-11-02 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

So when she heard about a particular tax strategy on a podcast two years ago, it surprised her that she'd never come across it. Cost segregation. According to Rocket Mortgage, a cost segregation study takes about a month or two to complete. It's also worth keeping in mind the rules around cost segregation from the Tax Cuts and Jobs Act of 2017. Then there's the cost of a cost segregation study.

Persons: Anne Curry, she's, hasn't, she'd, Curry, Bernard Reisz, you've, Reisz, It's, it's, —, there's, I'm, who's Organizations: Rocket Mortgage, Internal Revenue Service, CPA Locations: New York City

☆ Julius Randle helps Knicks pull away from Cavs in 2nd half
▼ + stars: | 2023-11-01 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/38] Oct 31, 2023; Cleveland, Ohio, USA; New York Knicks guard RJ Barrett (9) looks to shoot in the first quarter against the Cleveland Cavaliers at Rocket Mortgage FieldHouse. Randle had 19 points and 10 rebounds for the Knicks, who outscored the Cavaliers 51-39 in the second half. Jalen Brunson also scored 19 points, and RJ Barrett scored 16 points. Immanuel Quickley (18 points) and Isaiah Hartenstein (13 points) scored in double figures off the bench while combining to shoot 52.4 percent (11-for-21) from the field. Hartenstein's hook with 7:26 left in the second quarter gave the Knicks their first double-digit lead at 41-31.

Persons: RJ Barrett, David Richard, Julius Randle, Randle, Jalen Brunson, Immanuel Quickley, Isaiah Hartenstein, Donovan Mitchell, Darius Garland, Caris LeVert, Jarrett Allen, Garland, LeVert, Allen, Isaac Okoro, Georges Niang, Craig Porter, Brunson, Mitchell, Josh Hart Organizations: New York Knicks, Cleveland Cavaliers, Rocket Mortgage, Knicks, Cavaliers, The Cavaliers, ., Thomson Locations: Cleveland , Ohio, USA, New York, Cleveland, . New York

☆ In some states, it's 'nearly impossible' to buy a home that isn't part of a homeowners association, expert says
▼ + stars: | 2023-10-31 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +8 min

These communities are usually overseen by homeowners associations. Homeowners associations, also known as HOAs, are self-governing organizations that implement rules for homeowners and renters within common-interest communities. The board may choose to hire a management company, many of which are for-profit, to help run day-to-day operations. Roughly 84% of newly built, single-family homes sold in 2022 belonged to homeowners associations, according to the U.S. Census Bureau. "But it seemed like [the deal] never got to the management [company] or homeowners association," Enrique Inostroza said.

Persons: Jewel Inostroza, Enrique, Gen Z, it's, Deborah Goonan, Inostroza, Enrique Inostroza, Mark Licea, HOA, Bradley, Tom Skiba, Skiba, Steve Horvath Organizations: Homeowners, Finance, . Census, Communities, CNBC, Management, HOA, Sentry Management, Community Associations Institute, Economics, Rocket Mortgage, HOA United Locations: Newnan , Georgia, HOA, U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow homeowners associations became so powerfulMore than 80% of newly built single-family homes sold in 2022 belonged to a homeowners association, according to the U.S. Census Bureau. HOAs tout themselves as a value-add to homeowners, specifically when it comes to maintaining high property value, but not everyone is pleased with these organizations. More than half, 57%, of homeowners with an HOA dislike the arrangement, and more than 3 in 10 say they feel their HOA has too much power, according to a 2023 survey from Rocket Mortgage.

Organizations: . Census, Rocket Mortgage

1 seed in the NCAA Women’s Tournament will get preferential treatment moving forward, a response to South Carolina coach Dawn Staley's concerns and criticism. 1 seed between the regional final and for the Women's Final Four. 1 overall seed. 1 overall seeded team by allowing that team the most possible rest time between the regional final and the Women’s Final Four,” said Lisa Peterson, chair of the committee and senior associate commissioner for sports management with the Pac-12 Conference. "We made that decision unanimously.”The 2024 Women’s Final Four will be played April 5 and 7 in the Rocket Mortgage FieldHouse in Cleveland.

Persons: Dawn Staley's, . Staley, “ It’s, ” Staley, ”, Lisa Peterson Organizations: CLEVELAND, NCAA, Basketball, ESPN, LSU, Virginia Tech, AP, womens Locations: South Carolina, Destin , Florida, Iowa, Dallas, Cleveland

☆ The 10 states with the most single homeowners
▼ + stars: | 2023-10-04 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

The largest number of single homeowners per capita are in the Deep South, a new report shows. These single homeowners are likely to live in the Deep South , according to new analysis of 2021 census data by home construction company All Star Homes. "There are states that are in the Deep South that are high on the list, and then there are states that you could consider more progressive that are in the middle." AdvertisementAdvertisementAccording to All Star Homes, researchers at the company analyzed homeowner data from the 2021 American Housing Survey to figure out the per capita total of single homeowners in each state. Below, the 10 states with the most single homeowners per capita, along with median home price as of August, according to Redfin, and median per capita income, according to 2021 census data.

Persons: —, Jennifer Tracy, Manny Garcia, Zillow's Organizations: Service, Pew Research Center, Star, Star Homes, Survey, Rocket Mortgage Locations: Alabama , Mississippi, Louisiana

Just don't look for Ludvig Aberg to be sprinting and strutting and leaping into the arms of his teammates at the Ryder Cup. He doesn't let distractions get him off.”One such distraction might be playing with the Ryder Cup captain in his third start as a pro. They are the only two players to turn pro in the same year they debut in the Ryder Cup. Over the next two decades, he smashed the Ryder Cup record for most points. The Ryder Cup figures to be the ultimate test.

Persons: Sergio Garcia, Ludvig Aberg, ” Luke Donald, Matt Fitzpatrick, “, ” Donald, Greg Sands, Aberg, ” Sands, Donald, Edoardo Molinari, ” Aberg, “ I've, Marco Simone, Rome, Garcia, ”, Nicolai Hojgaard, It's Organizations: Ryder, Texas Tech, U.S, Scandinavian, PGA Tour, Aberg, Rocket, Detroit Golf, Czech Masters, Irish, PGA, BMW PGA, Wentworth Locations: Switzerland, Dubai, Medinah, Europe, Whistling Straits, Denmark, Italy, Detroit, Brookline

☆ The CEO who brutally fired hundreds of the people on Zoom is taking his startup public in a move that could make or break him
▼ + stars: | 2023-08-24 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

Vishal Garg is taking Better, a mortgage startup, public through a long-delayed SPAC deal. Read what he said about making strategic acquisitions and the millions in company loans that stand to be forgiven. But CEO Vishal Garg, known for brutally laying off hundreds of employees via Zoom, insists he has a plan. One former employee told Insider that the move seems like a "Hail Mary," both for Garg personally and for the business more broadly. Here is what Garg said about his vision for the company and how he will spend the money Better receives from the IPO.

Persons: Vishal Garg, Garg, SPACs, Mary, refinancings, it's, SoftBank, indemnifying, —, It'll Organizations: & Finance, Aurora Acquisition Corp, Nasdaq, World Trade Center, Federal Reserve, Silicon, Better, Mortgage, SEC, Scotsman, Aurora, Insider Locations: Garg, refinancings, Queens , NY

☆ Billionaire DeVos family looks to DeSantis, not Trump, in 2024
▼ + stars: | 2023-08-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Octavio Jones | ReutersThe billionaire DeVos family, whose matriarch, Betsy DeVos, served in Donald Trump's Cabinet, appears to be backing a Trump rival in the 2024 Republican presidential contest: Florida Gov. And though the Federal Election Commission filing does not name any member of the DeVos family, the Michigan billionaires own the team. Following publication of this story, Betsy DeVos' chief of staff, Nate Bailey, said she was "undecided and uncommitted on the race for president, as is the entire DeVos family." Leah Millis | ReutersA spokesman for the DeVos family investment firm, RDV, did not respond to requests for comment. But that curriculum is exactly what draws members of the DeVos family to DeSantis.

Persons: Ron DeSantis, Octavio Jones, DeVos, Betsy DeVos, Donald Trump's, wokeness, Joel Glass, Governor DeSantis, Glass, DeSantis, Dick DeVos, Dan DeVos, Nate Bailey, Bailey, Leah Millis, RDV, Jason Miller, Ron DeSanctimonious, Miller, Betsy, Tudor Dixon, Trump, Joe Biden, Mike, Pence, Darius Garland, Schofield Organizations: Florida Gov, Cambridge Christian School, Trump, Republican, DeSantis, NBA, Orlando, CNBC, Governor, Orlando Magic, . Education, Federal Commission, School, White, Washington , D.C, Reuters, Michigan Republican, Trump's, Make, Inc, FEC, Detroit, RDV, Cleveland Cavaliers, National Basketball Association, Getty Locations: Florida, Tampa , Florida, Michigan, Central Florida, Washington ,, Cleveland , Ohio

☆ A real-estate investor with a 26-unit portfolio shares 2 strategies new investors can use to buy property with no money down — and 7 pieces of advice for getting started
▼ + stars: | 2023-07-25 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

She shared two that involve no money down: using hard money loans and credit cards. And to get there, they've used a couple of financing strategies that have allowed them to purchase homes without their own money. One is a strategy that many probably don't realize is even possible — they bought a $60,000 property using credit cards. The site allows would-be investors to pool money from multiple credit cards to put towards a property. When the Spinellis used a hard money lender, they borrowed enough to buy the property and fix it up.

Persons: Camille Spinelli, Joe, they've, Spinelli, we've, Camille Organizations: Rocket Mortgage, Mortgage News Daily, FHA Locations: New York , New Jersey, California

☆ These are the 3 best markets for long-distance real-estate investors to capitalize on both strong cash flows and property value appreciation, according to an expert who's written multiple books on inv
▼ + stars: | 2023-07-14 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

David Greene says Alabama, Southern Georgia, and Northern Florida are ripe markets for appreciation. I do think appreciation is likely to be experienced later because of the increasing population that's moving there," Greene said on the podcast. According to Census Bureau data compiled by the National Association of Realtors, Florida's population grew the most in absolute terms out of any US state in 2022, while Georgia grew the sixth-most and Alabama grew the ninth-most. Cities they found where the population grew above 6% last year include Ocala, Florida; Tallahassee, Florida; Savannah, Georgia; and Deltona, Florida. National Association of RealtorsData also shows that median home prices in Alabama, Georgia, and Florida are cheaper than the national median of $436,800.

Persons: David Greene, bullish, Greene, Southern Georgia Daniela Duncan, Austin Organizations: Alabama, Florida Bown Media, Getty, National Association of Realtors, NAR, US Postal Service, National Association of Realtors Data, Rocket Mortgage Locations: Alabama, Southern Georgia, Northern Florida, Phoenix, Nashville, Austin, Alabama Montgomery , Alabama, Northern Florida Pensacola, Florida, New York, New Jersey, Birmingham, Bentonville , Arkansas, Florida's, Georgia, Ocala , Florida, Tallahassee , Florida, Savannah , Georgia, Deltona , Florida, Alabama , Georgia

☆ Top 10 U.S. counties where prospective buyers need to earn the most to afford a home—80% are in California
▼ + stars: | 2023-07-07 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

Buying a home is already a pretty significant — and stressful — purchase, but tack on the current state of the housing market and the process becomes even more daunting. ATTOM, a property data provider, ranked the U.S. counties where the highest yearly wages are needed to afford a median-priced home. As of the second quarter of 2022, the median home price in the U.S. was $440,300, according to Rocket Mortgage. Overall the report found that prospective buyers needed a minimum salary of $75,000 to afford a median-priced home in about half of the United States housing markets. The highest wages needed to afford a home are all in New York and California.

Organizations: Rocket Mortgage Locations: U.S, United States, New York, California

☆ Emotional Rickie Fowler ends four-year winning drought with Rocket Mortgage Classic victory
▼ + stars: | 2023-07-03 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

Triumph at the Rocket Mortgage Classic on Sunday ended the Fowler’s four year wait for a sixth PGA Tour title as the 34-year-old emerged victorious from a three-way playoff at Detroit Golf Club in Michigan. By July 2022, he found himself outside the world’s top 150 ranked players for the first time since his rookie season on the PGA Tour 12 years prior. Brian Spurlock/Icon Sportswire/APNear-misses for Hadwin and Morikawa extended the pair’s search for further PGA Tour wins. The fans still come out to see him no matter how he’s playing, but he’s been playing well. “Look how he’s been playing, especially the US Open, the scores he’s been posting last week, it’s awesome.

Persons: Rickie Fowler, Ricky Romano –, Collin Morikawa, Adam Hadwin, Fowler, “, “ I’m, cradling, Maya, Allison Stokke Fowler, –, Allison, Carlos Osorio, ” Fowler, it’s, rocketed Fowler, I’ve, ” Fowler birdies, Brian Spurlock, Morikawa, Hadwin, Morikawa’s, “ It’s, he’s, ” Morikawa, ” Organizations: CNN, Rocket, Detroit Golf Club, Waste Management, PGA, PGA Tour, Royal Liverpool Locations: Michigan, ”, Arizona, Los Angeles

☆ PGA Tour and LIV Golf: Newly obtained document details framework agreement between the sport’s leading organizations
▼ + stars: | 2023-06-28 | by ( Jill Martin | ) edition.cnn.com time to read: +5 min

CNN —On June 6, a shocking announcement was made by the PGA Tour sending reverberations around the golf world. On Monday, multiple news outlets started to circulate the framework agreement that had been quietly made by those groups. CNN has since obtained a copy of the framework agreement. The document was sent to Congress on Monday, according to a source with knowledge of the framework agreement. Lawmakers are inviting Monahan, Al-Rumayyan and LIV Golf CEO Greg Norman to testify at the hearing.

Persons: LIV, ”, ” PIF, Prince Mohammed bin Salman, “ NewCo, OWGR’s criterial, LIV Golf, Jay Monahan, Yasir Al, Keith Pelley, Monahan, Greg Norman, Patrick Cantlay, Rory McIlroy, Charley Hoffman, Peter Malnati, Webb Simpson Organizations: CNN, PGA, Public Investment Fund, LIV Golf, US Department of Justice, PGA Tour, Wall Street, Investigations, Rocket, “, Management, TOUR’s Locations: Saudi, NewCo, Al, Detroit

☆ How to prequalify for a personal loan
▼ + stars: | 2023-06-21 | by ( Jamie Johnson | Richard Richtmyer | Jamie Johnson Is A Kansas City-Based Personal Finance Writer Whose Work Has Been Featured On Several Of The Top Finance | ) www.businessinsider.com time to read: +10 min

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). What does it mean to prequalify for a personal loan? 4 steps to prequalify for a personal loanHere are the steps you'll take to get prequalified for a personal loan. See Insider's picks for the best personal loans for bad credit >>Prequalifying for a personal loan FAQSWhat is the difference between prequalification and preapproval for a personal loan? How long does it take to prequalify for a personal loan?

Persons: Prequalification, —, Andrew Latham, you'll, Latham, It's, They'll, Fiona, you've, You'll, Nathan Hoskin, it'll, it's Organizations: Service, Hoskin, Chevron

☆ Homebuyers might be able purchase a home with less savings — thanks to the two largest US mortgage lenders now allowing down payments of just 1%
▼ + stars: | 2023-05-26 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

In a stark contrast to the homebuying bonanza of 2021, housing demand has fallen sharply with buyers grappling with a year of higher mortgage rates and stubbornly high home prices. "I was able to win them over with 1% down payment assistance, as well as give them a better rate." "These 1% down payment assistance programs are really making homeownership more affordable for borrowers, Beaubien added." Beaubien said the savings gained from UWM's down payment assistance program is truly making a difference for her clients. "A lot of homebuyers, especially first-time homebuyers, will get discouraged about what the closing costs and down payment may look like," Beaubien said.

Since the value of a home isn't guaranteed to go up, it's important to build wealth in other ways. Buying a home comes with long-term costs, but it's also a chance to plan for long-term goals. Compare rates On Rocket Mortgage's website Compare rates On AmeriSave Mortgage Corporation's website Compare rates On New American Funding's website1. Property isn't guaranteed to go up in valueIn the past, buying property was viewed as a way to build wealth and a cornerstone of the American dream. This taught me that a condo isn't a guaranteed appreciating asset.

☆ Cramer's lightning round: Stay away from Virgin Galactic
▼ + stars: | 2023-05-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Virgin Galactic's year-to-date stock performance. Stock Chart Icon Stock chart icon Fastly's year-to-date stock performance. Stock Chart Icon Stock chart icon SpaceMobile's year-to-date stock performance. Stock Chart Icon Stock chart icon Rocket Companies' year-to-date stock performance. Stock Chart Icon Stock chart icon Catalyst Pharmaceutical's year-to-date stock performance.

ABLE accounts provide those with disabilities an opportunity save enough to purchase a house without putting their benefits at risk. Can ABLE account funds be used for a down payment on a house? Tim Elliot, another ABLE account owner and ABLE NRC ambassador, found out about these accounts through an internet search. Home-related expenses an ABLE account can coverOne of the more popular uses of an ABLE account for hopeful homeowners is saving for a down payment. How to open an ABLE account and start saving to buy a homeTo open an ABLE account, you'll need to choose a state program to participate in.

Rocket Mortgage customers can get a huge value from the new Rocket Visa Signature Card. David Sacks/Getty ImagesThe new Rocket Visa Signature® Card is hands-down the best credit card for those looking to close on a house. The new Rocket Visa Signature® Card is the closest we've ever seen to a "5% everywhere" credit card. As you may have guessed, the Rocket Visa Signature® Card was created to thrive within the Rocket Mortgage ecosystem. Rocket credit card rewardsThe card earns 5 Rocket points per dollar for all purchases.

To help you get started, CNBC Select rounded up a list of the best mortgage lenders first-time homebuyers should consider. Types of loans offered: The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. Fees: Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees. Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees.

See Insider's picks for the best mortgage lenders »Insider's Featured Mortgage Lenders Rocket Mortgage by Quicken LoansAmeriSave Mortgage Corporation MortgagesNew American Funding Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Only a handful of US states require financial education in high schools, and those requirements are thin. The Consumer Financial Protection Bureau has free, easy-to-navigate content about tons of financial products, including mortgages. The Consumer Financial Protection Bureau has free, easy-to-navigate content about tons of financial products, including mortgages. There's a dearth of consumer education built into our financial systems (likely by design).

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