Rocket said its net income for July to September was almost $1.4 billion, down from roughly $3 billion in the year-ago period, while revenue dipped to $3.1 billion from $4.6 billion.
The company said that despite a dip in refinances from 2020’s nationwide boom, Rocket grew its home-purchase mortgage business 70% in the quarter, so it still originated $88 billion in mortgage volume—about the same as the year-ago period’s $88.9 billion.
