Rocket reports steep decline in profit in 2Q
More cost reduction is on the way in the third quarter, but management says it will not layoff staffers, despite having some excess capacity.
Stay updated with breaking news from Jay Farner. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
More cost reduction is on the way in the third quarter, but management says it will not layoff staffers, despite having some excess capacity.
Rocket reported second-quarter earnings results.
Rocket Companies, the parent of America's top mortgage lender Rocket Mortgage, reported a $60 million profit in the second quarter, down from $1 billion in profits the previous quarter.
Get ready for the annual Rocket Mortgage classic. It's one of Michigan's signature sporting attractions and is a leading economic development generator.
The rebranding and tighter integration of Truebill into the Rocket platform is part of a broader effort to transform the company's brands into a fintech platform.