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Motley Fool
Why Shares of Rocket Companies Are Rising Today
Shares of the largest mortgage originator in the country, Rocket Companies (NYSE: RKT), traded nearly 4% higher as of 11:26 a.m. ET today after the company reported earnings results for the fourth quarter and full year of 2021. During the quarter, Rocket reported closed loan origination volume of $75.9 billion, which is down from the fourth quarter of 2020, but still up from the same period in 2019. Gain-on-sale margins slipped to 2.8%, as conditions in the mortgage market got more difficult.
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