mortgage stocks

Financial services company Rocket Companies (NYSE:RKT) reported second-quarter financial results after market close Thursday. Here are the key highlights. What Happened: Rocket Companies reported adjusted revenue of $1.228 billion, which beat a Street consensus estimate of $1.219 billion, according...

After months of relentless interest rate hikes and dwindling volumes, the U.S. mortgage market is finally glimpsing light at the end of a long tunnel. Recent data from the Mortgage Bankers Association (MBA) indicates a significant drop in mortgage rates, hinting at improved affordability and a...

The sale of the Phoenix Suns of the NBA was announced Tuesday. The deal marked the largest deal in league history with the NBA team and WNBA’s Phoenix Mercury valued at $4 billion. Here’s a look at the sale and the potential new NBA rivalry it could be creating. What Happened: The...

Rocket Companies Inc (NYSE: RKT) reported first-quarter financial results after market close Tuesday. Here are the key highlights. What Happened: Rocket Companies reported revenue of adjusted revenue of $1.9 billion in the first quarter, compared to revenue of $4.04 billion in the same quarter of...

One of the top names in SPACs announced a ninth SPAC merger this week. The Gores Group led by chairman Alec Gores and CEO Mark Stone announced the deal between Gores Guggenheim Inc (NASDAQ: GGPI) and electric vehicle company Polestar. Since 2016, The Gores Group has announced nine deals valuing the...

One of the largest mortgage companies in the country is stepping up its marketing plan using the new NCAA name, image and likeness rule. What Happened: UWM Holdings Corp (NYSE: UWMC), which went public in one of the largest SPAC deals ever, is partnering with Michigan State basketball and football...

Shares of Rocket Companies Inc (NYSE: RKT) were trading higher by double digits after reporting second-quarter earnings. Here are the key takeaways from analysts’ updated notes. The Rocket Companies Analysts: Credit Suisse analyst Timothy Chiodo has a Neutral rating on Rocket Companies...

UWM Holdings Corporation (NYSE: UWMC), which went public via a special purpose acquisition company earlier this year, reported first-quarter results Monday. The company had loan volume of $49.1 billion in the first quarter and net income of $860 million. Earnings of 33 cents per share missed a 47-...

A Rocket Companies competitor's stock was continuing to trade higher Wednesday as retail traders and CNBC's Jim Cramer keyed in on its short interest.   What Happened: Shares of Rocket Companies Inc (NYSE: RKT) gained more than 70% Tuesday. The move was contributed to several...