Rocket grew market share amid 'wild ride' during Q1, Krishna says
The firm earned $2.8B in revenue after diversifying via the Redfin and Mr. Cooper acquisitions
by Taylor Anderson May 7
Redfin to provide Compass with 1M leads by 2029
A headline-making partnership with Compass International Holdings took over Rocket's Q4 2025 earnings call, with leaders giving more details into how both parties will benefit
by Marian McPherson Feb 26
pros and cons of AI for real estate
'The reason that we are so obsessed with this technology is because it helps us with every single aspect of our business,' Rocket CEO Varun Krishna says in detailing how AI will power growth
by Matt Carter Oct 30
Brokerages draw private-listing dividing lines — and backdoor plans
Executives at some of the nation’s largest brokerage networks painted a clearer picture of how they're bracing for changes to how the industry approaches commissions, private listings and AI
by Daniel Houston Aug 11
Rocket seeing 'awesome early data' from Redfin acquisition
CEO Varun Krishna says lender has already seen a surge in leads and higher conversion rates from the Redfin deal, thanks to 'cross pollination' of leads, agent referrals and mortgage applications
by Matt Carter Jul 31
Rocket says it could close Redfin acquisition as soon as this quarter
Home loan giant boosts Q1 mortgage production by 7%, to $21.6B, and executives say plans to acquire Redfin and Mr. Cooper remain on track to close this year
by Matt Carter May 8
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
Fitch Ratings warns of potential dowgrade of Rocket debt rating if Redfin and Mr. Cooper deals close, while decline in share price suggests investors have doubts Mr. Cooper is worth $9.4B
by Matt Carter Apr 1
Rocket: Redfin acquisition will cut consumer transaction costs by half
Rocket executives say unifying home search, buying, selling, mortgage, title and servicing could net $20K in savings — which might allay antitrust concerns and keep RESPA regulators at bay
by Matt Carter Mar 11
Rocket says AI helping it grow capacity and keep expenses flat
With Q2 2024 net income up 28% to $178M, CEO Varun Krishna says Rocket is making 'significant investments in data leadership and infrastructure' and partnering 'with the best in the industry'
by Matt Carter Aug 1
Freddie Mac will dip a $2.5B toe into the second mortgage market
Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans, but nonbank lenders have already made inroads
by Matt Carter Jun 25
Rocket back in the black after boosting purchase market share
Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages
by Matt Carter Aug 4
Rocket's new Visa rewards card targets first-time homebuyers
In addition to paying high rates on any balances they carry, customers will find that their rewards points are worth much less if they don't choose Rocket Mortgage to finance their home
by Matt Carter Mar 28
Rocket posts its first loss since going public, and it's a doozy
After posting $493M Q4 loss, Rocket executives say they're focused on reaching homebuyers through the wholesale channel and new personal finance app, Rocket Money
by Matt Carter Feb 28
Rocket's profits down 93% as mortgage originations fall
With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73% from a year ago, to $23.7B
by Matt Carter Nov 3
Rocket promotes from within, names new CFO and general counsel
Brian Brown and Tina John are tapped to fill openings created by the retirement of two top executives, Julie Booth and Angelo Vitale
by Matt Carter Oct 4