Page 29 - Jay Farner News Today

It's official: As of July 31, the Quicken Loans branding will be no more. While amounting to a "significant" change, a statement from the company, part of Detroit-based Rocket Companies Inc. (NYSE: RKT), notes that the only difference existing clients will notice will be a shift from "Quicken Loans…

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The housing market is as hot as ever. The mortgage market, though, is losing steam. Homes are selling at a blistering pace unseen since before the financial crisis, pushing up home values in nearly every U.S. ZIP Code. Yet lenders are preparing for mortgage demand to cool in the coming months, the result of rising interest rates that make refinancing less attractive for a huge chunk of borrowers. The anticipated decline in mortgage volume is setting off price wars across the in...

Shares of Rocket Companies (NYSE:RKT) fell 16.6% Thursday, following the release of the mortgage giants first-quarter results.    So what Rockets revenue soared 236% year over year to $4.6 billion. Its adjusted net income, meanwhile, surged 170% to $1.8 billion. These impressive results were fueled by a 100% increase in closed loan origination volume, to $103.5 billion. Strong growth across the companys title insurance, property valuation, and settlement services also contributed to gains. "...

Print Rocket Companies Inc., parent company of Detroit-based lending giant Rocket Mortgage, has partnered with AutoFi, a digital car sales and finance platform, to add finance offerings to its planned consumer-facing automotive retail marketplace. The future site, Rocket Auto, will feature vehicle inventory and connect customers directly to auto lender offerings. Rocket Companies would not say when the e-commerce site will launch. Rocket Auto currently serves as a white label call center for on...

Rocket, the Detroit-based mortgage lender, posted a nearly $2.8 billion profit on revenue of $4.6 billion — a 60% profit margin in the first quarter.

RKT stock was a heavily mentioned short squeeze candidate among the Wall Street Bets community. Investors considering buying RKT stock today can follow these simple steps. Rocket Companies Inc (NYSE: RKT) reported Thursday morning first quarter results that disappointed investors and sent RKT stock lower by 13%. The US-based online mortgage company was a short squeeze candidate shortly after its initial public offering. Rocket Companies stock gained more than 70% in one day alone in early 2021 ...

Operator Good day, and thank you for standing by, and welcome to the Rocket Companies, Inc. first-quarter 2021 earnings call. [Operator instructions] I would now like to hand the conference over to your speaker today, Sharon Ng. Please go ahead. Sharon Ng -- Vice President of Investor Relations Good afternoon, everyone, and thank you for joining us for Rocket Companies earnings conference call covering the first quarter of 2021. Im Sharon Ng, the new vice president of investor relations here ...

Major Michigan-based corporations have declared their opposition to proposed legislation in Michigan fueled by Republican election integrity lies, which would severely restrict access to voting in the state. Fox News has been amplifying these lies about the danger of non-existent voter fraud since the election last year, and these lies eventually led to a violent insurrection on January 6 and have helped fuel state-level voter suppression bills like those being pushed in Michigan. But some of t...