Rocket Mortgage and Quicken Loans Parent Stock Could Get Hurt
Rocket Companies (RKT), which owns Rocket Mortgage and Quicken Loans, faces margin compression and lower earnings. The reason is home refinancing volumes and new mortgage applications are drying up.
Mark HakeMark Hake is a financial analyst, investor, and Chartered Financial Analyst (CFA). He writes about US and foreign stocks as well as cryptos, hedge funds, and private equity. He previously ran his own hedge fund, investment research firm, and acted as CFO for a fintech startup. He focuses on finding value, arbitrage, and hidden asset opportunities.