The parent company of Quicken Loans warned of a slowdown in the mortgage market.
News & Analysis: Rocket Companies, Inc.
RKT earnings call for the period ending March 31, 2021.
As the largest mortgage originator in the U.S., the company's business is very dependent on interest rates.
The leading home mortgage company has been volatile but remains a good long-term play.
The stock has been volatile since getting a lift from Reddit traders. It also got a favorable upgrade from an analyst today.
United Wholesale Mortgage is not happy with some of Rocket's practices with real estate agents, and is voicing its frustrations.
After soaring on Tuesday, the mortgage giant's shares came crashing back down to earth.
WallStreetBets and a short squeeze may be driving Rocket and other mortgage stocks higher, but the outlook for the mortgage business is worsening.
Despite rate increases, the mortgage originator sees volumes doubling in the first quarter.
Reddit traders have set their sights on a new short squeeze target.