A court recently ruled that the fall in Rocket’s stock price following the release of first-quarter 2021 earnings was driven by substantive disclosures rather than public statements by the company’s CEO.

Rocket CEO Varun Krishna believes artificial intelligence will drastically help the lender boost originations.

Rocket Companies reported a net income loss of $232.6 million in the fourth quarter of 2023.

Rocket’s latest MBS of closed-end second-lien loans is anticipated to be sized at $371 million.

People’s Bank of Commerce and First National Bank of Long Island have shuttered mortgage lending businesses due to rising rates and stiffer competition from nonbanks.

Following Jay Farner’s surprise move to retire, the mortgage company has retained a “leading firm” to consider both internal and external candidates for the CEO position.

Rocket is offering residential solar financing and installation services while New Residential is set to launch an operating company focused on single-family rentals.

Rocket Companies and Home Point Capital are being targeted in separate class action lawsuits by law firm Bragar Eagel & Squire.