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  2. Rocket Mortgage - Wikipedia

    en.wikipedia.org/wiki/Rocket_Mortgage

    Rock Financial was founded as a mortgage broker in 1985 by Dan Gilbert, Ron Berman, Lindsay Gross, and Gary Gilbert. [8] [9] [10] The company became a mortgage lender in 1988, and in May 1998 became publicly traded, launching an IPO. [11] In the late 1990s, the company shifted from a traditional mortgage provider to an online-focused lender.

  3. Quicken Willmaker & Trust Review: Pros & Cons - AOL

    www.aol.com/finance/quicken-willmaker-trust...

    Quicken is already a popular personal finance company when it comes to tracking spending or getting a mortgage. However, the brand can also help you take care of your estate planning needs.

  4. Alt-A - Wikipedia

    en.wikipedia.org/wiki/Alt-A

    Because Alt-A loans are also the financing of choice for most non-owner occupied, investment properties, as a class they represent a far greater likelihood of borrower default than conventional, conforming mortgages, since people are more likely to abandon a property in which they do not live than they are to risk losing their primary homes. As ...

  5. Portfolio mortgages: What they are and how they work

    www.aol.com/finance/portfolio-mortgages...

    The lender does not have to adhere to the Federal Housing Finance Agency’s (FHFA) standards used by Freddie Mac and Fannie Mae, the government-sponsored enterprises (GSEs) that back and buy most ...

  6. Owner financing: What it is and how it works - AOL

    www.aol.com/finance/owner-financing-works...

    Owner financing is an arrangement in which an owner or seller, rather than a bank or mortgage lender, extends financing to a buyer. This can be a viable option for buyers who don’t qualify for a ...

  7. Jay Farner - Wikipedia

    en.wikipedia.org/wiki/Jay_Farner

    Jay Farner (born March 24, 1973) is an American businessman and investor. He is the founder and CEO of Ronin Capital Partners, a venture capital firm. Previously, Farner was the Vice Chairman and chief executive officer of Rocket Companies (formerly known as Quicken Loans), which includes Rocket Mortgage, the nation's largest retail mortgage lender.

  8. What are non-conforming loans? - AOL

    www.aol.com/finance/non-conforming-loans...

    Non-conforming mortgages are a type of home loan that don’t meet some or all of the guidelines making them eligible for purchase by Fannie Mae and Freddie Mac. These GSEs, overseen by the ...

  9. No income, no asset - Wikipedia

    en.wikipedia.org/wiki/No_Income,_No_Asset

    They were especially prominent during the United States housing bubble circa 2003-2007 but have gained wider notoriety due to the subprime mortgage crisis in July/August 2007 as a prime example of poor lending practices. [6] The term grew in usage during the 2008 financial crisis as the sub prime mortgage crisis was blamed on such loans.

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