Here's How Rocket Is Diversifying Its Offerings in a Tough Mortgage Environment
The mortgage market is highly cyclical, but Rocket is working to diversify its business.
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The mortgage market is highly cyclical, but Rocket is working to diversify its business.
Rocket Companies (NYSE:RKT – Get Rating) had its target price trimmed by Morgan Stanley from $7.00 to $6.50 in a research note issued to investors on Friday morning, Marketbeat.com reports. The brokerage currently has an equal weight rating on the stock. Several other research firms have also recently weighed in on RKT. The Goldman Sachs […]
The milestone accomplishes a long-sought goal for UWM CEO Mat Ishbia
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.
Rocket Rewards is the latest marketing initiative from the mortgage giant following the introduction of home equity loans and a monthly payment reduction offer earlier this year.