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Rocket Stays Profitable in Third Quarter Despite Rate Surge

Friday, Nov 03 2023
Lending
Written by  The Mortgage Leader

Rocket Companies has posted a net income of $115 million on $1.2 billion in total revenue for the three months ending September 30. So reports the Detroit Free Press.

dollar 3706548 640 smallThe company has now posted two quarters in a row of slim profits following losses in the first quarter of this year and the fourth quarter of 2022.

Rocket announced another round of voluntary employee buyouts in July as the mortgage industry grapples with soaring mortgage rates.

Read the full article from Detroit Free Press.

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