Tag: Rocket Mortgage
Rocket Mortgage Is Offering A Third Round Of Voluntary Buyouts
Rocket Mortgage Is Offering 12 and 24 Weeks Of Pay In A Third Round Of Voluntary Buyout Offers Rocket Mortgage is offering another round of buyouts to its employees. The buyout follows two rounds from last year. Those buy outs resulted in a workforce reduction of about 30% last year. Rocket is offering between 12…
Dan Gilbert Insider Trading Accusations Rattle Rocket Mortgage
Accusations Of Dan Gilbert Insider Trading Rattle Rocket Mortgage. Recent Court Ruling Is Sending Senior Executives Into A Frenzy A federal judge in Detroit has green-lighted the continuation of a class action lawsuit against Rocket Companies, Rocket Holdings, Inc., chairman Dan Gilbert and Rocket CEO Jay Farner. The suit revolves around accusations of Dan Gilbert…
Jay Farner Out As Rocket Companies CEO
Jay Farner Out As Rocket Companies CEO As Rumors Grow Louder Of Dan Gilbert Wanting To Sell The Company Rocket Companies CEO Jay Farner is leaving Rocket on June 1st. However, the company says his departure is not because of any dispute with the board of directors. Rocket filed a statement with the SEC last…
Is Dan Gilbert Putting Rocket Mortgage On The Auction Block?
Is Dan Gilbert Planning On Selling Rocket Mortgage Amid Plummeting Originations, Layoffs And Talks Of “Industry Consolidations”? There is no doubt that the past year was horrible for Dan Gilbert and Rocket Mortgage. The company saw profits plummet faster than contestants on a Japanese game show. Seriously, Rocket Mortgage has seen their profits plummet 90%…
Is Rocket Mortgage CFO Brian Brown Blowing Smoke?
Is Rocket Mortgage CFO Brian Brown Blowing Smoke To Make Rocket Mortgage Look More Profitable Than It Is? Rocket Mortgage CFO Brian Brown says first-time homebuyers will drive the housing market in 2023. Brown made his prediction during a one-on-one conversation with Fitch Ratings Director Shampa Bhattacharya. Brown speculated that first-time home buyers will drive…
Rocket Mortgage Is Struggling Being Competitive And Relevant
Rocket Mortgage Is Struggling To Remain Competitive And Relevant In A Changing Lending Landscape Without Dan Gilbert At The Helm Rocket Mortgage is struggling for the first time in it’s history. The company is struggling not only to remain competitive but relevant. This is due to two factors. The first is founder and owner Dan…
Rocket Mortgage Raises Limits In Desperate Gambit
Rocket Mortgage Raises 2023 Conforming Loan Limits For Brokers In Gambit To Prop Up Origination Numbers The wholesale arm of Rocket Mortgage raises 2023 loan limits for brokers. Rocket Mortgage raised loan limits to $715,000 effective on Tuesday. This is a sign that they are confident the maximum loan limit set by the federal government will rise…
Rocket Mortgage Extends Voluntary Buyout Offers
Rocket Mortgage Extends Voluntary Buyouts To Small Number Of Team Members Rocket Mortgage extends it’s the second wave of “voluntary career transition” offers to employees. The company is expecting a drastic reduction in origination volume in the third quarter. The company says the buyout offer is a “completely optional plan.” The extended buyout off is…
Rocket Mortgage Sees Profits Plunge In Second Quarter
Rocket Companies Says Profits For Rocket Mortgage Plunged In Second Quarter. CEO Threatens Layoffs If Things Don’t Improve Rocket Companies, the Rocket Mortgage say the mortgage company’s profits plunged in the second quarter. They claim this is due to rising interest rates and inflation. Therefore, this is dampening consumer confidence and concerns over a possible…