Ensuring that you make the right choice for you and your family is my ultimate goal, and I am committed to providing my customers with mortgage services that exceed their expectations. As an experienced loan officer I have the knowledge and expertise you need to explore the many financing options available. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice. The Chicago Board Options Exchange Volatility Index jumped to over 40 on Wednesday, the index’s highest level since mid-June, according to Bloomberg.ĭemand for mortgages has surged since the onset of the pandemic as mortgage rates fell to record lows and more people are searching for new homes.Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan officer. In September, United Wholesale Mortgage announced plans to go public through a reverse merger with a SPAC led by Alec Gores.īut the stock and futures market have faced a wave of volatility amid fears of an uptick in coronavirus cases in Europe and the U.S.
Dan Gilbert’s Detroit-based Rocket Companies, which operates Quicken Loans and Rocket Mortgage, raised $2.07 billion for its public offering. Just a few months ago, mortgage companies were attempting to hop onto a booming IPO bandwagon. AmeriHome, meanwhile, filed to sell 14.7 million shares for $16 to $18 apiece, which would have allowed it to raise up to $265 million. The two companies were scheduled to price their offerings on Wednesday after the market closed.Ĭaliber planned to sell 23 million shares for $14 to $16 each in the hopes of raising up to $368 million, according to Bloomberg. AmeriHome is also planning to hold off on its IPO, Bloomberg reported, citing sources familiar with the matter. Caliber Home Loans CEO Sanjiv Das and AmeriHome CEO Jim Furash (Photos via Caliber Home Loans AmeriHome iStock)Some mortgage companies are getting skittish about recent market volatility and have delayed plans to go public.Ĭaliber Home Loans said it was delaying its IPO, which was originally set for Wednesday.
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