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Summary Rocket Companies is due to release its third quarter earnings report on Thursday, which could be a mixed bag. Waning mortgage loan demand could be a key headwind. However, signs are that auto loans remain resilient. The company's accumulating market share at a steady p...
Summary loanDepot has seen its business being decimated amidst rapidly rising interest rates. Losses are substantial as the near-term outlook for the mortgage market is simply very dire. Equity provides a small cushion, but the reality is that the situation simply is very hars...
Rocket Companies Announces Third Quarter 2022 Earnings Date PR Newswire DETROIT , Oct. 20, 2022 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit -based FinTech platform company consisting of tech-driv...
Rocket Pro TPO Gives Correspondent Lenders More Speed, Efficiency and Flexibility with New "Correspondent Assist" Program PR Newswire Rocket helps partners reduce costs and streamline processes by generating loan estimates, disclosures and closing documents through dig...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Suffice it to say that 2022 is a tough year to be a mortgage origination specialist like Rocket Companies (NYSE: RKT ). Frankly, RKT stock has behaved like a rocket that ran out of fuel. That’s because high m...
Summary UWM Holdings has reduced its manual operations through the utilization of affordable technology and lowered loan origination costs to maintain a competitive advantage. UWM's production guidance in the range of $23 billion to $28 billion for Q3 2022 is lower than the mortga...
Rocket Companies ' (NYSE: RKT) stock hit the market in 2020, going public as the U.S.'s largest residential home mortgage lender. Its share price subsequently rocketed as it had a record year for loan originations in 2020. But the stock price has come down sharply since then as infl...
Rocket Companies ( NYSE: RKT ) has announced the retirements of Julie Booth, CFO and Treasurer effective Nov. 15, 2022, and Angelo Vitale, General Counsel and Secretary effective Oct. 3, 2022. Both Booth and Vitale will remain with the company in strategic advisory roles. ...
Rocket Companies Announces Executive Leadership Changes PR Newswire Julie Booth to move from role as Chief Financial Officer and Treasurer to Strategic Advisor Angelo Vitale to transition from General Counsel and Secretary to "Of Counsel" role ...
Summary The bad news - current mortgage banking recession still could disappoint on the downside over the next year. But the bottom is in sight for the business. Rocket is a very strong competitor with loads of capital. The company is cheap to my $10 target price two years...
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Rocket Companies to Announce Second Quarter 2024 Results on August 1 PR Newswire DETROIT , July 18, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit -based fintech platform company including mortg...
2024-07-09 07:15:06 ET Barclays analyst issues UNDERWEIGHT recommendation for RKT on July 9, 2024 05:51AM ET. The previous analyst recommendation was Underweight. RKT was trading at $13.27 at issue of the analyst recommendation. The overall analyst consensus : HOLD. ...