Rocket Cos. Inc. (RKT) News
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RKT News Highlights
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Latest RKT News From Around the Web
Below are the latest news stories about ROCKET COMPANIES INC that investors may wish to consider to help them evaluate RKT as an investment opportunity.
Top US Value Stock Picks For January 2025As the U.S. stock market concludes a strong year with a late downturn, major indices like the Dow and S&P 500 have experienced notable losses in December despite achieving significant gains throughout 2024. In this environment, identifying undervalued stocks becomes particularly important for investors looking to capitalize on potential opportunities amidst fluctuating market conditions. |
US accuses Rocket Homes of illegal kickbacks in mortgage schemeAccording to the Consumer Financial Protection Bureau, Rocket Homes, one of the largest mortgage lenders in the United States, plied the real estate brokerages with referrals and other inducements so that the brokers and agents would steer real estate settlement business back to a Rocket affiliate. Jason Mitchell allegedly offered "dog bone" awards of $250 gift cards to agents making the most referrals back to favored partners, including Rocket affiliates Amrock and Rocket Mortgage, according to the CFPB. |
Rocket Companies price target lowered to $13 from $16 at Morgan StanleyMorgan Stanley lowered the firm’s price target on Rocket Companies (RKT) to $13 from $16 and keeps an Equal Weight rating on the shares. The 2024 story was “one of stabilization,” as higher delinquencies moderated to the slowest pace in nearly three years. Looking to 2025, support should remain in place, with easing inflation, positive real wage growth, stable-to-lower interest rates, rational lending standards, says the firm, which sees consumer credit “on solid footing in 2025.” Published firs |
How Rocket Companies’ first-ever CTO is deploying AI aimed at making home buying easierHe's focusing attention on technologies that can automate a lot of the processes of buying a home. |
Rocket Companies (RKT) Surged 32% YTD in 2024Seven Corners Capital, an investment management company, released its Q3 2024 investor letter. A copy of the letter can be downloaded here. Seven Corners Capital’s composite portfolio finished Q3 2024 increasing around 14%, while the S&P 500 increased by approximately 21%. This represents a 7% underperformance in the first half of the year. Since 2020 […] |
Rocket Companies, Inc. (RKT): A Bull Case TheoryWe came across a bullish thesis on Rocket Companies, Inc. (RKT) on Substack by Unemployed Value Degen. In this article, we will summarize the bulls’ thesis on RKT. Rocket Companies, Inc. (RKT)’s share was trading at $14.18 as of Dec 2nd. RKT’s trailing and forward P/E were 213.22 and 25 respectively according to Yahoo Finance. Rocket Companies […] |
Rocket Mortgage Sues U.S., Challenges DOJ Discrimination SuitRocket Mortgage sued the federal government as part of a challenge to the Justice Department’s recent discrimination lawsuit tying Rocket to the conduct of an appraiser it used. |
Rocket Mortgage Sues United States Department of Housing and Urban DevelopmentRocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), filed suit in Federal District Court against the United States Department of Housing and Urban Development (HUD) to correct conflicts between the government's regulations requiring appraiser independence and its enforcement actions seeking to hold lenders liable for the conduct of independent licensed appraisers. Rocket Mortgage also filed a motion to dismiss the claim the DOJ brought against the co |
Rocket Companies CFO Brian Brown to Present at Goldman Sachs 2024 U.S. Financial Services ConferenceRocket Companies (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that Chief Financial Officer and Treasurer Brian Brown will participate in a fireside chat at the 2024 Goldman Sachs U.S. Financial Services Conference on Tuesday, December 10, at 1:40 p.m. ET. |
The real estate industry is gearing up for Trump 2.0 : ‘Opening the financial spigot will help the industry as a whole,’ top CEO saysExecutives are painting a rosier picture either way. |