Rocket Determined To Grow Market Share As Profits Shrink
The nation's largest real estate mortgage lender sees itself as a fintech platform that's out to unlock the lifetime value of its clients.
Source: inman.com
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Rocket Companies Report Down Earnings, But Issue Special Dividend
Detroit-based Rocket Companies (RKT – NYSE) today reported $12.9 billion in revenue in 2021, down from $15.65 billion from the previous year, while net income was just over $6 billion in 2021, down from $9.4 billion in 2020. The same was true for fourth-quarter results, with Rocket reporting $2.6 billion in quarterly revenue in 2021, down from $4.7 billion in revenue in 2020’s fourth quarter. 2021’s quarterly net income was $865 million, down from $2.8 billion in net income in the previous year’s fourth quarter.
Source: nationalmortgageprofessional.com
Gilbert's Rocket Companies saw $6 billion in profits in 2021
Although Rocket's executives sound upbeat about the future, the U.S. mortgage industry is currently in a down cycle.
Source: freep.com
Rocket Companies Q4 Earnings Highlights: Revenue Miss, Record Originations, Special Dividend And More
Rocket Companies (NYSE:RKT) reported fourth-quarter and full-year financial results after Thursday's market close. Here are the key highlights...
Source: businessinsider.com
Rocket CEO takes aim at Better.com, margin-cutting competitors
With an Q4 earnings report that showed declining revenues, Jay Farner called out lenders who reduce pricing and threw shade at certain unnamed lenders who fire employees via video call.
Source: nationalmortgagenews.com