Page 11 - Jay Farner News Today

Insider buying is a popular way to assess the potential of a company and can be a good indicator to gauge a stocks performance.

IT departments are largely focused on finding solutions that will beef up volume while shrinking expenses, those in the field say.

From Bloomberg: In the wake of the last housing crash, online lenders came to dominate the mortgage market. Those firms are now struggling to survive the latest downturn, with soaring interest rates hurting home sales and refinancing demand.

Rocket Companies (NYSE:RKT – Get Rating) had its target price trimmed by Morgan Stanley from $7.00 to $6.50 in a research note issued to investors on Friday morning, Marketbeat.com reports. The brokerage currently has an equal weight rating on the stock. Several other research firms have also recently weighed in on RKT. The Goldman Sachs […]

Rocket is at risk of losing title of largest originator to United Wholesale Mortgage as origination volume drops 71% year-over-year

Rocket Cos. generated $96 million in net income on revenue of $1.3 billion in the third quarter — down 93% and 58%, respectively, from Q3 of 2021.

RKT earnings call for the period ending September 30, 2022.

The milestone accomplishes a long-sought goal for UWM CEO Mat Ishbia

The company is reporting both higher origination volume and net earnings on a quarter-to-quarter basis.

"Rocket is operating in this difficult environment from a position of financial strength"