Welcome to our dedicated page for Rocket Companies news (Ticker: RKT), a resource for investors and traders seeking the latest updates and insights on Rocket Companies stock.
Rocket Companies, Inc. (NYSE: RKT) is a leading fintech innovator transforming mortgage lending through AI-powered solutions like Rocket Mortgage. This news hub provides investors and industry professionals with essential updates on RKT's strategic initiatives, financial performance, and technological advancements.
Access real-time press releases covering earnings reports, partnership announcements, product innovations, and market developments. Our curated collection ensures you stay informed about key milestones in digital mortgage solutions, real estate technology, and financial services expansion.
Discover updates on RKT's core business segments including Rocket Mortgage operations, Pro Partner network growth, and AI-driven tools like Rocket Logic. Content is organized for quick scanning while maintaining depth for professional analysis.
Bookmark this page for continuous access to verified corporate communications and third-party analysis. Check regularly for updates on RKT's role in shaping the future of home financing through technology and customer-centric solutions.
Rocket Companies (NYSE: RKT) announced a cash tender offer for all its outstanding 5.250% senior notes due 2028. This offer will include a consent solicitation for amendments to the indenture, aiming to eliminate restrictive covenants and modify default events. The tender offer and consent solicitation expire on October 19, 2021. The total aggregate principal amount of notes outstanding is $1,010,000,000. Early tender submissions by October 4, 2021, can receive a total consideration of $1,077.50 per $1,000 principal amount, including an early tender payment.
Rocket Companies announced that CEO Jay Farner will participate in a virtual fireside chat at the Barclays Global Financial Services Conference on September 15, 2021, at 12:00 p.m. Eastern Time. The discussion will cover topics relevant to the tech-driven real estate and financial services sectors. Attendees can access the live audio webcast at ir.rocketcompanies.com. Established in 1985, Rocket Companies aims to help clients achieve home ownership and financial freedom, boasting around 26,000 team members across the U.S. and Canada.
Rocket Mortgage, the largest mortgage lender in the U.S., announced expanded partnerships with 25 prestigious collegiate athletic programs, including four elite HBCUs. This initiative aims to enhance brand visibility through signage and promotions at events. During 2019, college sports reached 145 million TV viewers and over 47.5 million game attendees, bolstering Rocket's marketing strategy. The partnerships will commence in the 2021-2022 season, alongside new commercials featuring Kirk Herbstreit. Rocket Mortgage aims to support communities of color and address the racial homeownership gap through these collaborations.
Rocket Auto, a digital automotive retail marketplace under Rocket Companies (NYSE: RKT), has launched RocketAuto.com, aimed at simplifying the car buying process. The platform boasts over 35,000 used vehicles from 300+ dealers, enhancing vehicle choice and availability. Rocket Auto facilitated 15,600 auto unit sales in Q2 2021, up 143% year-over-year, and expects to double its sales volume in 2021. The marketplace allows self-service vehicle purchasing and supports ongoing relationships with clients through technology-driven solutions.
Rocket Companies (NYSE: RKT) reported robust Q2 2021 results, with total revenue reaching $2.7 billion, more than double Q2 2019 figures. The company achieved a record $84 billion in mortgage origination volume, indicating strong momentum toward its goal of being the largest retail home lender by 2023. Adjusted EBITDA soared to $1.3 billion, reflecting a 46% margin. Furthermore, Rocket Homes and Rocket Auto showed significant growth, while the overall servicing book balance climbed to $507 billion. The company maintains strong liquidity with $7.8 billion in total liquidity.
Rocket Homes, a part of Rocket Companies (NYSE: RKT), is transforming the real estate market in America by offering a customizable home buying and selling experience. The company integrates various services, including credit reporting, home searches, and a network of real estate professionals to streamline transactions. Unique offerings such as the ForSaleByOwner.com platform and an iBuyer program facilitate easier sales. Homeowners can save on commission fees and leverage resources tailored to their needs, enhancing the home-selling process. The full suite of services aims to simplify and expedite real estate transactions.
Rocket Mortgage has announced a comprehensive initiative to assist Detroit residents in purchasing homes, offering $2,500 in lender credits for primary residence buyers. This program focuses on underbanked individuals, pairing them with credit counseling and homebuyer education resources. By collaborating with MoCaFi, Rocket Mortgage aims to improve access to banking and credit opportunities. The initiative, rooted in community support, underscores Rocket's commitment to enhancing homeownership and financial stability in Detroit.
Rocket Companies, Inc. (NYSE: RKT) will report its second quarter 2021 earnings on August 12, 2021, with a conference call scheduled for 4:30pm ET to discuss the results. A press release will precede the call detailing financial performance. Rocket Companies, headquartered in Detroit, operates various tech-driven financial services including Rocket Mortgage and Rocket Homes, and employs approximately 26,000 team members across the U.S. and Canada. The company has consistently ranked among the top workplaces, notably placing #5 on Fortune's 2021 list.
Rocket Companies (NYSE: RKT) announced its entry into the solar energy market, aiming to utilize its established technology and client service expertise to enhance home energy efficiency. With over 2 million solar installations in the U.S. to date, and projections indicating the market could quadruple by 2030, the company plans to start testing solar offerings in Q4 2021, launching publicly in early 2022. A new refinancing option will allow homeowners to consolidate solar loans with their mortgages, offering lower rates and improved financial flexibility.
