Rocket profits, loan volume fall sharply from year-ago levels
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.
Source: detroitnews.com
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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"