Rocket Companies, parent of Rocket Mortgage, reported a Q1 2023 $291M net income, improving from a $233M loss in the previous quarter.
Rocket Companies, parent company of Rocket Mortgage, returned to profitability in Q1 2023 with a $291M net income, improving from a $233M net loss in the previous quarter. The company attributed the strong performance to innovation, technology, and strong execution. The mortgage industry is expected to see slightly better results in 2024 compared to 2023, with an estimated $1.8T in mortgage originations.
May 02, 2024
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