Loandepot Inc -Class A

Rocket Companies Bounces Back on Servicing Deal, Record Refi Share

Rocket Companies shares recovered 3.8% to $13.72 after a $795M servicing deal, while Q2 revenue doubled and refinance share hit an all-time high.

Earnings yesterday

Rocket After-Hours Slide Masks Record Mortgage Share

Rocket Companies (RKT) shares fell after-hours as Q2 revenue missed despite record mortgage share, with lower-margin channels pressuring revenue.

Earnings 2d ago

Rocket Companies Gains on $2.1 Trillion Servicing Book Amid Mortgage Downturn

Rocket Companies shares climbed 2.8% as its massive $2.1 trillion servicing book offsets weak mortgage demand, with rates at 6.76%.

Markets Jul 29

Rocket Companies Extends Credit Facility as Mortgage Rates Pressure Housing Market

Rocket Companies (RKT) closed 3.8% lower on Monday after expanding its credit facility by $200 million and extending maturity by 378 days, as mortgage rates continue to weigh on the housing market.

Markets Jul 20

Rocket Companies Slides as Housing Bill Rally Fizzles on Rate Concerns

Rocket Companies (RKT) shares slipped 0.8% after a housing bill rally faded. Mortgage rates remain near 6.5%, weighing on refinance and purchase demand.

Markets Jun 25

Rocket Companies Soars on Mortgage Demand Uptick; Redfin Data Shows Home Price Stability

Rocket Companies (RKT) jumped 13.5% after mortgage applications rose 1% and refinancing demand increased 3%. Redfin data showed home prices edged up 0.3% in May, but a 7.3% drop in new-home sales highlights ongoing housing risks.

Markets Jun 24

Rocket Shares Slide 6% as Fed Rate Hold, Downgrade Pressure Mortgage Lenders

Rocket Companies shares dropped 6% as the Federal Reserve kept rates unchanged and BTIG downgraded the stock, highlighting ongoing headwinds for mortgage lenders.

Markets Jun 17

Mortgage Rates Hit 8-Month High, Pressuring Housing Demand and Lender Stocks

Mortgage rates reached an eight-month peak on Friday, with the average 30-year fixed loan at 6.64%. The Mortgage Bankers Association reported a 10.5% weekly drop in applications as affordability concerns mount.

Economy Mar 27

Mortgage Rates Dip Amid Treasury Retreat, Housing Data Mixed

U.S. mortgage rates retreated Monday, with the 30-year fixed average dropping to 6.36%. The move followed a decline in the 10-year Treasury yield, though housing demand signals remain uneven.

Economy Mar 16

Mortgage Rates Hold at 6.23% Amid Data Delay; Key Reports Loom

U.S. 30-year fixed mortgage rates remained steady near 6.23% as bond markets paused ahead of delayed jobs and inflation data. Mortgage-related stocks showed mixed premarket movement.

Economy Feb 9