Rocket profited on servicing, but lost its lead in originations
The company's volume fell behind its chief competitor's in the third quarter but management foresees potential weakness in the broker channel.
Source: nationalmortgagenews.com
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Rocket Companies Suffers Sizable Losses in Q3
Rocket reported total revenue of $1.3 billion in its latest earnings, dropping more than 40% from the same period last year.
Source: rismedia.com
Rocket Posts First Quarterly Loss Since Going Public
With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73 percent from a year ago, to $23.7 billion.
Source: inman.com
Rocket Companies Announces Third Quarter Results
Generated Q3'22 net revenue of $1.3 billion and net income of $96 millionDelivered closed loan volume, net rate lock volume and gain on sale margi...
Source: businessinsider.com
Rocket Companies sees $96M profit as mortgage volume lags
Rocket Companies and other lenders continue to experience a year-over-year plunge in mortgage origination volume as mortgage rates rise.
Source: freep.com