An apparent Russian clampdown and possibly negative news about its VR/AR efforts put the brakes on the company's rise. Read More...
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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