Photo: Ярослав Алексеенко / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. The country’s biggest mortgage lender just had a big quarter. Its outlook is far less cheerful. Rocket Companies earned $709 million in net income in the third quarter, according to HousingWire’s report on its Oct. 29 results. A year earlier, it lost $124 million. Revenue nearly doubled to $3.28 billion. Rocket closed $43.6 billion in loans, down from $49.1 billion in the second…
MarketNational
Rocket Made $709 Million Last Quarter. Now It’s Warning of One of the Slowest Quarters in 30 Years.
Rocket reports $709 million in third-quarter profit while warning of slower mortgage activity, underscoring why buyers should compare lenders and fees.
