Page 19 - Jay Farner News Today

The largest lender in the mortgage industry, Rocket, is looking to trim its workforce following two years of record loan volume.  Detroit-based Rocket Mortgage and Amrock, its title company, are offering voluntary buyouts to 8% of its workforce, officials reported on Monday. Rocket companies, including Rocket Mortgage, employ approximately 26,000 people, mostly in Detroit. The buyout program was first reported by Crain’s Detroit Business. 

If each employee who received this deal accepts it, the company’s headcount will be reduced by about 2,080.

Rocket Companies, Inc. (NYSE:RKT – Get Rating) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The […]

Rocket Companies, Inc. (NYSE:RKT – Get Rating) CEO Jay Farner bought 22,400 shares of the stock in a transaction on Friday, April 22nd. The stock was purchased at an average price of $8.93 per share, for a total transaction of $200,032.00. Following the purchase, the chief executive officer now directly owns 1,810,707 shares of the […]

Rocket Companies, Inc. (NYSE:RKT – Get Rating) CEO Jay Farner bought 21,400 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The shares were acquired at an average price of $9.34 per share, for a total transaction of $199,876.00. Following the completion of the transaction, the chief executive officer now directly owns […]

Rocket Companies, Inc. (NYSE:RKT – Get Rating) CEO Jay Farner bought 21,600 shares of Rocket Companies stock in a transaction dated Monday, April 18th. The shares were acquired at an average cost of $9.25 per share, with a total value of $199,800.00. Following the completion of the purchase, the chief executive officer now owns 1,724,307 […]

HousingWire interviewed over a dozen analysts, mortgage executives, loan officers, and consultants to answer the trillion-dollar question: who is positioned to win in the purchase market, and who will likely bite the dust?

Rocket Companies CEO continues to see opportunities for lenders in 2022. Jay Farner discussed his optimism on CNBC's "The Exchange".

Rocket Companies, Inc. (NYSE:RKT – Get Rating) – Research analysts at Wedbush lowered their Q2 2022 EPS estimates for shares of Rocket Companies in a report released on Friday, April 8th. Wedbush analyst H. Coffey now expects that the company will post earnings per share of $0.32 for the quarter, down from their prior forecast […]

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