Tag: Rocket Mortgage

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%…

By Steve
3 min read

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…

By Steve
2 min read

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…

By Steve
3 min read

Rocket Mortgage Management Tries To Sabotage An RE Closing

Rocket Mortgage Management Bullied An Employee And Tries To Sabotage His Real Estate Closing By Refusing To Give His Lender A Verification Of Employment For years I have written about the cattiness and cult like mentality of Rocket Mortgage management on MFI-Miami. But this recent incident is just over the top. Management bullied an employee….

By Steve
3 min read

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…

By Steve
2 min read

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…

By Steve
2 min read

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…

By Steve
2 min read