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Rocket, Compass join forces on Redfin listings. Rocket Mortgage is partnering with Compass to share listings on Redfin, in a major deal which also includes pricing promotions. A seamless, homeowner-first experience that ensures compliance and compassion go hand-in-hand. Reporter, National Mortgage News

Rocket Mortgage alleges $194,000 loss in broker fraud lawsuit. Article Summary. Rocket Mortgage has sued Sharp Loan and an executive, alleging fraudulent mortgage applications that concealed borrower debts, resulting in $194,000 in losses and investor repurchase demands. AI Summary Rocket Mortgage has sued a California mortgage brokerage and one of its executives, alleging they knowingly submitted fraudulent loan applications that concealed borrowers' debts and caused financial losses after the loans were sold to investors. In a complaint filed Tuesday in the U.S. District Court for the Eastern District of Michigan, Rocket Mortgage said Sharp Loan Inc. - formerly known as Sterling Homex Inc. - and originator Reynaldo Reyes misrepresented borrowers' financial obligations in three mortgage applications submitted in March 2020. Summonses were issued to Reyes and Sharp Loan on Wednesday, according to the docket report.

Rocket Mortgage rolls out bullish $822,550 conforming loan limit. Rocket Mortgage may have arrived late to the party, but it's bringing a bigger housewarming gift, so to speak, announcing this week that it will treat mortgages with balances of up to $825,550 as if they were eligible for purchase by Fannie Mae and Freddie Mac. That's $19,050 above Fannie and Freddie's 2025 baseline conforming loan limit of $806,500, and reflects Rocket Mortgage's bullish estimate of what the limit will be next year. In Alaska and Hawaii, where Fannie and Freddie's limit is $1,209,750, Rocket will treat mortgages of up to $1,238,325 as if they were conforming, in anticipation of higher 2026 limits that are expected to be announced in November. That means some high-end borrowers who would otherwise have been looking at taking out a jumbo mortgage will qualify for a conforming mortgage with less restrictive terms and more competitive pricing. Fannie and Freddie's regulator, the Federal Housing Finance Agency (FHFA), will release the official 2026 conforming loan limits in November, based on the latest home price data. It's become standard practice for lenders to make an educated guess at what the new conforming loan limits will be in the year ahead, and wait until January to sell mortgages that exceed the current limit to Fannie and Freddie. The nation's largest lender, United Wholesale Mortgage (UWM), announced last month that it would price loans of up to $819,000 as if they were conforming - $12,500 above Fannie and Freddie's current baseline. Pennymac, CrossCountry Mortgage and Rate (formerly Guaranteed Rate) followed UWM's lead with matching 1.5 percent increases. Rocket's more generous 2.4 percent increase in its unofficial conforming limit gives it a competitive edge among a small sliver of borrowers, and reflects confidence that home prices are still posting strong gains. "We've taken the time needed to analyze current market data and rising home prices to determine the most accurate loan limits for today's environment," Rocket Companies Chief Business Officer Bill Banfield said in a statement. "This strategic decision reflects our commitment to providing accessible homeownership opportunities when families need them most." The higher limits apply to both borrowers who go directly to Rocket Mortgage and those who work with mortgage brokers who are partnered with Rocket Pro. Congress has tied the conforming loan limit to the average U.S. home price, as measured by the FHFA House Price Index. In a Sept. 19 forecast, economists at the Mortgage Bankers Association estimated that national home price appreciation slowed to an annual rate of 1.8 percent during the third quarter of this year, and that home price appreciation will turn slightly negative (-0.2 percent) in the second half of 2026.