Page 19 - Rocket Companie News Today : Breaking News, Live Updates & Top Stories | Vimarsana

© Getty Images Like most Americans across the country, the Latino community and communities of color are ready to move on from the economic devastation of the COVID-19 pandemic. However, as the media has consistently reported, communities of color have felt the brunt of the pandemic and need immediate access to stimulus assistance and emergency financing.  For people who have lost their jobs and their small businesses, help in keeping the most important financial asset — the family home — is key in bringing back better our communities’ economic stability and prosperity. Economic polic...

Share: United Wholesale Mortgage (NYSE: UWMC) has announced it will no longer do business with mortgage brokers who work with rivals Rocket Companies Inc (NYSE: RKT)-owned Rocket Mortgage and privately owned Fairway Independent Mortgage Corp.  Both Rocket Companies' and United Wholesale's stock have seen volatile trading this week amid a surge in interest from WallStreetBets traders.   What Happened: UWM President and CEO Mat Ishbia dropped the surprise announcement Thursday during a Facebook Live event that was promoted as highlighting UWM’s return to the jumbo market. “If you work ...

After GameStop-like surge, Rocket stock frenzy shows signs of subsiding The wind in the sails of Rocket Companies — i.e., retail investors on Reddit — that inflated the company's shares 71% Tuesday showed signs of diminishing a day later. After closing at $41.60 per share the day before, shares in the Detroit-based mortgage holding company backed by billionaire Dan Gilbert slumped nearly 33% on the day to $28.01 at the market close Wednesday. Despite a buzz mirroring the frenzied trading of GameStop Corp.'s shares last month, the slowdown in Rocket shares tracks with the expectat...

United Wholesale Mortgage (NYSE: UWMC) has announced it will no longer do business with mortgage brokers who work with rivals Rocket Companies Inc (NYSE: ...

Share: Rocket Companies Inc (NYSE: RKT) shares traded higher by 10% on Monday morning after The Wall Street Journal published a story suggesting Rocket’s mortgage business is still booming. What Happened? Rocket Companies' shares are now up about 20% since the company reported an earnings beat last week and announced a surprise special dividend of $1.11 per share. On Monday, WSJ's story praised Rocket for the way it has successfully navigated a challenging environment of rising mortgage rates up to this point. Why It’s Important: The mortgage market experienced a boom in 2020 thanks to hi...