Rocket's New Rewards Card Targets First-Time Homebuyers | Inman
The credit card's rewards points are structured to incentivize borrowers to choose Rocket Mortgage when financing their homes.
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The credit card's rewards points are structured to incentivize borrowers to choose Rocket Mortgage when financing their homes.
Rocket Mortgage expanded its special-purpose credit program that will offer a $3,000 credit for first-time homebuyers for their downpayment. Rocket Mortgage expanded its special-purpose credit program that will offer a $3,000 credit for first-time homebuyers for their downpayment.
Rocket Companies has cut hundreds of millions in expenses. Executives must achieve a tricky balance of cost-cutting while still investing in the business.
Despite the positive income and a positive adjusted EBITDA, Rocket still reported losses year-over-year and quarter-over-quarter.
After racking up a $493 million fourth-quarter loss, Rocket executives say they're focused on reaching homebuyers through the wholesale channel and a new personal finance app, Rocket Money.