The Latest Breaking News from Rocket

Rocket Companies Inc (NYSE: RKT) shares are trading lower Wednesday after the company announced financial results.

Rocket Companies Inc., the Detroit-based parent company of mortgage lending giant Rocket Mortgage, on Tuesday said first-quarter profit was down roughly 63% year-over-year as the mortgage lending industry faces headwinds including rising interest rates.

Rocket Companies Inc (NYSE: RKT) reported first-quarter financial results after market close Tuesday. Here are the key highlights.

The housing and mortgage world witnessed rising rates, an upswing in application levels, and public feud between two major lenders.

Ronnie O’Sullivan finds himself locked at four games apiece in his World Championship semi-final against John Higgins, and the Rocket was extremely relaxed following session one

The country’s largest lender is looking to reduce its workforce amid a shrinking mortgage market following two years of record loan volume.

“I was convinced I had Covid, but I’ve been testing every day and praying I wasn’t positive and miss the World Championship."

The surge in mortgage rates has put pressure on mortgage lenders. Rocket Companies Inc (NYSE: RKT), the largest mortgage originator in the United States, has seen its stock fall more than 30% year-to-date, but that may not be an accurate reflection of the strength of the business.

After averaging nearly 23 points per game on elite efficiency in March and April, Rockets guard Jalen Green is officially the Western Conference Rookie of the Month.

Rocket Companies Inc (NYSE: RKT) CEO Jay Farner purchased nearly $100,000 worth of shares in the real estate and mortgage firm on Wednesday under Rule 10b5-1 plan.

Rockets guard Eric Gordon was a late scratch from Sunday’s game with right knee tendinitis, and he’s now questionable for Wednesday’s home matchup versus Devin Booker and the Suns.