Rocket's Parting Gift For Jay Farner: A 491% Raise
Retiring CEO, other top executives all received large raises in 2022.
Tagged: Rocket Companies
SoFi Acquires Wyndham Capital Mortgage
SoFi may end up giving other mortgage fintechs a run for their money.
Rocket Launches Visa Signature Card
Rocket says its first-of-its kind credit card will help clients save on home purchases and homeowners pay off mortgages.
Major Mortgage Lenders Adjust Financing Deals
loanDepot switches from Credit Suisse, UWM adds $500M facility.
Even Without Layoffs, UWM Has Cut 30% Of Its Staff
Nation's leader in origination volume has reduced its staff by 2,600 since 2021; Rocket Cos. has cut 29%
Rocket Companies Posts Its 1st Quarterly Loss
Jay Farner, outgoing CEO, says company is focused on growth in the purchase mortgage market.
Rocket Analysts Confused Over Farner’s Retirement
Timing of announcement, combined with other C-Suite changes, raises questions.