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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 […]
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.
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...
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.
After focus on mortgages, "Rocket Rewards" will be expanded to provide discounts on other "ecosystem" offerings including personal loans.