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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.
Austin Niemiec becomes chief revenue officer for Rocket Mortgage; Mike Fawaz succeeds him as EVP.
One analyst rates stock as "sell."
