Estimated reading time: 0 minutes, 21 seconds

Rocket Companies Posts $9B Profit for 2020

Rocket Companies, which includes Quicken Loans, has announced a record profit for its first year as a public company. So reports the Detroit Free Press.

Rocket said its net income soared to $9.4 billion, compared with less than $1 billion in 2019.

CEO Jay Farner said that the company has reached a deal to originate, close and service Morgan Stanley and its subsidiary E-trade’s qualified mortgages.

Read the full article from Detroit Free Press.

Read 456 times
Rate this item
(0 votes)

FOLLOW US

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.