Rocket Companies Posts Its 1st Quarterly Loss
Jay Farner, outgoing CEO, says company is focused on growth in the purchase mortgage market.
Jay Farner, outgoing CEO, says company is focused on growth in the purchase mortgage market.
Timing of announcement, combined with other C-Suite changes, raises questions.
Rocket Holdings Vice Chairman Bill Emerson will serve as interim CEO during search for new leader.
Says they will benefit from an estimated 5% drop in sale prices.
Does Rocket still see itself as a mortgage company, or something different?
Austin Niemiec becomes chief revenue officer for Rocket Mortgage; Mike Fawaz succeeds him as EVP.