In addition to shedding workers, the parent company of the nation’s biggest lender trimmed marketing, production and other vendor-related costs to beat cost-cutting goal, according to an earnings report Thursday.
Source: Inman News
Rocket stays profitable by a hair in Q2 after cutting $300M in expenses
Published in Industry News, Jay Farner, Julie Booth, Mortgage, rocket companies, Rocket Mortgage, Select and truebill
More from Industry NewsMore posts in Industry News »
- Zillow defends private listing rule, criticizes Compass in new filing
- NAR’s Kevin Sears: We need to ‘show everybody that we as Realtors are pro-consumer’
- Despite unease, Compass poised to retain most Anywhere agents
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- Offerpad home sales, acquisitions hit new low in Q3 2025
More from Jay FarnerMore posts in Jay Farner »
- Rocket’s new CEO Varun Krishna takes seat on board of directors
- Rocket taps veteran fintech exec Varun Krishna as next CEO
- Rocket Mortgage parent posts 2nd consecutive $400M+ quarterly loss
- Rocket posts its first loss since going public, and it’s a doozy
- Rocket CEO Jay Farner, who led company’s 2020 IPO, retiring June 1
More from Julie BoothMore posts in Julie Booth »
More from MortgageMore posts in Mortgage »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Stop freaking out about 50-year mortgages. They might save the housing market
- Homebuying off to strongest November start since 2022
More from rocket companiesMore posts in rocket companies »
- Redfin site fluke exposed past users’ data on listing contact forms
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- AI key to growing Rocket, Redfin and Mr. Cooper under one roof
- Zillow ignores ‘noise,’ jabs from CoStar, as revenue climbs
- Redfin hits back at Compass, notches victory in Zillow case
More from Rocket MortgageMore posts in Rocket Mortgage »
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- Why 88% of agent conversations never make it to the CRM
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Fixer-upper or money pit? Key risks buyers face with aging homes
- AI key to growing Rocket, Redfin and Mr. Cooper under one roof
More from SelectMore posts in Select »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
- Where else is Zillow not enforcing its private listing ban?
More from truebillMore posts in truebill »
- Rocket taps veteran fintech exec Varun Krishna as next CEO
- Rocket CEO Jay Farner, who led company’s 2020 IPO, retiring June 1
- Rocket’s new loyalty program furthers lender’s fintech strategy
- Rocket Mortgage customers offered free premium Truebill accounts
- Rocket shuffles leadership and repositions as a fintech platform
Be First to Comment