Rocket Companies Inc. wrapped up 2025 with higher revenues and growing mortgage activity, the company reported Thursday in its fourth-quarter and full-year 2025 earnings report. For the full year, Rocket reported total revenue of $6.7 billion and a GAAP net loss of $234 million, or $0.05 per diluted share. On an adjusted basis, revenue was […]
Rocket grows revenue to $6.7B, expands market share in 2025 Read More »
Mike Fawaz said Monday that he’s departing Rocket Pro after roughly 15 years with the company and plans to announce his next steps in March. “After nearly 15 years, I have made the thoughtful decision to step away from Rocket,” Fawaz said in a statement given to HousingWire. “After significant reflection, I believe this is
Exclusive: Mike Fawaz announces departure from Rocket Pro Read More »
Redfin, which is now owned by Rocket Companies, is following in Zillow’s footsteps and launching an app integration with OpenAI’s ChatGPT. The company announced Friday that ChatGPT users now have access to a Redfin app within the platform that allows users to locate property listings relevant to their home search parameters and chat with the
Redfin rolls out ChatGPT app for real estate searches Read More »
Rocket Companies and Redfin on Thursday unveiled a Super Bowl commercial centered on community and the importance of neighborliness, marking the companies’ first shared national ad and Redfin’s first appearance in a Super Bowl broadcast since the company’s founding 20 years ago. The 60-second spot, titled “America Needs Neighbors Like You,” will air during the
Rocket, Redfin air first joint Super Bowl ad Read More »
Austin Niemiec will take the helm of Rocket Pro following the departure of Dan Sogorka, according to people familiar with the transition who spoke to HousingWire. Niemiec will retain his title as chief revenue officer of Rocket Mortgage but will focus exclusively on the broker and correspondent channel through Rocket Pro. He will report to
Austin Niemiec to lead Rocket Pro as Dan Sogorka departs Read More »
Brian Brown, chief financial officer and treasurer for Rocket Companies, expects continued improvement in the mortgage market in 2026, building on momentum that emerged in the second half of 2025. “If you look at the mortgage forecasts, it depends on which one you choose, but they’re up anywhere from 8% to 25% based on the
Rocket CFO touts ‘all-weather’ model as mortgage market improves Read More »
The completion of Compass’s acquisition of Anywhere Real Estate has led to the creation of a real estate brokerage monolith, the size and scale of which the industry has never seen. Compass’s new size combined with its stance on private listings and current legal battles with Zillow and Northwest MLS (NWMLS) have led many to
Does the Compass-Anywhere merger spark new phase in portal wars? Read More »
Demand for debt-service-coverage ratio (DSCR) loans grew in 2025 as tight housing inventory and a rising share of nontraditional wage earners pushed more borrowers toward alternative products. The demand was contagious across the industry. In November, Rocket Pro announced the launch of its first DSCR product for investment properties, marking a turning point as companies
DSCR mortgages are grabbing the spotlight. They’ll gain speed in 2026 Read More »
From lawsuits to mergers and acquisitions at a scale never seen before in real estate and everything in between, 2025 was full of twists, turns and surprises for the housing industry. HousingWire is rewinding and breaking down the biggest storylines in the real estate industry from this past year. There is no doubt that 2025
Biggest stories in 2025: Rocket, Redfin enters the portal wars Read More »
Rocket Companies reported a third-quarter 2025 adjusted net income of $158 million on adjusted revenue of $1.78 billion, exceeding the high end of its guidance range, the Detroit-based mortgage lender said Thursday. On a GAAP basis, the company posted a net loss of $124 million on total revenue of $1.61 billion, up from Q2 2025’s
Rocket’s integrations of Redfin, Mr. Cooper lift Q3 results above forecasts Read More »