Page 10 - Rocket Companie News Today

© Getty Images Like most Americans across the country, the Latino community and communities of color are ready to move on from the economic devastation of the COVID-19 pandemic. However, as the media has consistently reported, communities of color have felt the brunt of the pandemic and need immediate access to stimulus assistance and emergency financing.  For people who have lost their jobs and their small businesses, help in keeping the most important financial asset — the family home —...

Share: United Wholesale Mortgage (NYSE: UWMC) has announced it will no longer do business with mortgage brokers who work with rivals Rocket Companies Inc (NYSE: RKT)-owned Rocket Mortgage and privately owned Fairway Independent Mortgage Corp.  Both Rocket Companies and United Wholesales stock have seen volatile trading this week amid a surge in interest from WallStreetBets traders.   What Happened: UWM President and CEO Mat Ishbia dropped the surprise announcement Thursday during a Faceboo...

After GameStop-like surge, Rocket stock frenzy shows signs of subsiding The wind in the sails of Rocket Companies — i.e., retail investors on Reddit — that inflated the companys shares 71% Tuesday showed signs of diminishing a day later. After closing at $41.60 per share the day before, shares in the Detroit-based mortgage holding company backed by billionaire Dan Gilbert slumped nearly 33% on the day to $28.01 at the market close Wednesday. Despite a buzz mirroring the frenzied tradi...

United Wholesale Mortgage (NYSE: UWMC) has announced it will no longer do business with mortgage brokers who work with rivals Rocket Companies Inc (NYSE: ...

Share: Rocket Companies Inc (NYSE: RKT) shares traded higher by 10% on Monday morning after The Wall Street Journal published a story suggesting Rocket’s mortgage business is still booming. What Happened? Rocket Companies shares are now up about 20% since the company reported an earnings beat last week and announced a surprise special dividend of $1.11 per share. On Monday, WSJs story praised Rocket for the way it has successfully navigated a challenging environment of rising mortgage rates u...

Rocket Companies, Inc., a Detroit-based holding company consisting of tech-driven real estate, mortgage and eCommerce businesses—including Rocket Mortgage, Amrock, Rocket Homes and Rocket Auto—recently announced results for the quarter and year ended Dec. 31, 2020. “Rocket Companies’ record-breaking fourth quarter and full-year 2020 results demonstrate the sheer power of the technology platform we have built and refined […]

The mortgage titan's investors have a sizable special dividend headed their way.

Programs will also bring diverse talent to Detroit, a key goal of Rocket Mortgages diversity equity and inclusion efforts DETROIT, February 11, 2021 - Rocket... | March 5, 2021

During the fourth quarter of 2020, Rocket Companies: Grew total revenue, net, for Rocket Companies to $4.7 billion from $1.9 billion in Q4 2019 and Adjusted Revenue to $4.8 billion from $1.8 billion in Q4 2019. Grew net income to $2.8 billion from $0.8 billion in Q4 2019 and Adjusted Net Income to $2.3 billion from $0.5 billion in Q4 2019. Generated record closed loan origination volume of $107.2 billion and net rate lock volume of $96.0 billion in the fourth quarter of 2020, which represente...

Rocket Mortgage and Black-founded HomeFree-USA recently announced an expansion of their ongoing partnership, which will continue financial education and career preparation through HomeFree-USA’s flagship education initiative, The Center for Financial Advancement® (CFA), at six historically Black colleges and universities (HBCUs). Through this partnership Rocket Mortgage is developing a pipeline to bring diverse new talent to Rocket Mortgage and […]