RKT News and Press, Rocket Companies Inc. Class A From 12/30/22

Summary Mortgage Origination is a cyclical business, dependent on stable interest rates. In 2022, the Federal Reserve hiked rates at a pace never seen before. Many mortgage companies are hovering near 52-week lows. Companies making NonQM mortgages during 2022 lost millions due t...

Rocket Mortgage, part of Rocket Companies ( NYSE: RKT ), introduced a special purpose credit program that's aimed at making home ownership more accessible in underserved communities, it said Tuesday. Under the Purchase Plus program, first-time homeowners in specific areas of six c...

Rocket Mortgage Introduces Purchase Plus, Helping Make the American Dream of Homeownership More Attainable PR Newswire Special purpose credit program offers up to $7,500 in lender credits for first-time buyers in underserved communities to eliminate a significant hurdle to...

Rocket Companies Inc. (RKT) — formerly Quicken Loans — is one of those companies whose stock is under steady accumulation by CEO Jay Farmer and other directors and officers, observes Bryan Perry, editor of the specialized advisory service, Micro-Cap Stock Trader. For further detai...

Mortgage banking is one of the most out-of-favor industries in the stock market at the moment. The business has always been highly cyclical , and the feasts of 2020 and 2021 are being followed by the famine of 2022, driven by the Fed's aggressive campaign to rein in high inflation. Mortgage r...

Mortgage origination is a feast-and-famine business, and the boom years of 2020 and 2021 turned into a bust in 2022. Much of the volume from these years disappeared as the Federal Reserve began to hike rates, which removed the incentive for homeowners to refinance. In addition, falling affordabil...

The following slide deck was published by Rocket Companies, Inc. in conjunction with this event. For further details see: Rocket Companies (RKT) Investor Presentation- Slideshow

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Though the housing sector represented one of the most remarkable developments of the post-coronavirus new normal, the subsequent paradigm shift necessitates a discussion about real estate stocks to sell. To be clear, it’...

Mortgage bankers have had a rough year as origination volumes have collapsed in the face of the Federal Reserve's tightening of monetary policy to combat inflation. We have seen some big names exit business lines, and there have been a few bankruptcies. Capacity continues to get squeezed ou...

Rocket Companies ( NYSE: RKT ) tumbled 10.6% after Argus Research downgraded the stock to Sell from Hold on concerns over recent acquisitions and partnerships. Argus noted that Rocket ( RKT ) is the second largest U.S. mortgage originator, with ~5% of the over...