Mortgages

Following the treasury bond yield curve inversion on July 5, Invesco Mortgage Capital Inc (NYSE: IVR) stock took a massive hit. What Happened: At 10:45 a.m. Wednesday (July 6), Invesco’s stock price dropped to $15.12 which is a decrease of over 5%, according to Benzinga Pro. Today’...

Despite an environment of rising rates, the housing market remains robust, according to Rocket Companies Inc (NYSE: RKT) CEO Jay Farner. "As we started the year ... people wanting to buy a home was at record levels," Farner said Friday on CNBC's "Squawk Box....

Investors who have owned stocks in the past year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the last 12 months is 28.8%. But there is no question some big-name stocks performed better than others along the way. New Residential...

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the last 12 months is 28.8%. But there is no question some big-name stocks performed better than others along the way. Invesco Mortgage...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Mortgage REITs operate quite differently than the equity REITs most people are familiar with. Instead of investing in income-producing...

On Benzinga’s “PreMarket Prep,” co-host Dennis Dick said he increased his long swing position in Rocket Companies Inc (NYSE: RKT). The Detroit-based holding company is popular in Reddit communities and with Robinhood traders likely due to its relatively small float of 126.3...

Better.com has gotten a valuation boost and an injection of capital from SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF). SoftBank, the Japan-based conglomerate run by Son Masayoshi and manager of the $100 billion Vision Fund, is investing $500 million in Better.com, a consumer mortgage lending site...

Detroit billionaire Dan Gilbert is investing $500 million over the next 10 years in revitalizing Detroit's neighborhoods. With a net worth of roughly $47 billion, Gilbert is one of the 30 wealthiest people in the world, according to Forbes. Investors and sports fans likely know Gilbert as...

Rocket Companies (NYSE: RKT) has been one of the most talked-about stocks in March and CEO Jay Farner appeared Thursday morning on Fox Business Network's "Varney & Co." What Happened: Farner discussed his thoughts on the 2020 performance of Rocket Companies, the parent company of...

Rocket Companies (NYSE: RKT) stock is on a wild ride this week, mounting a rally in Tuesday's session and a decline in Wednesday's fueled by WallStreetBets traders. Rocket's High Short Float: Rocket was primed to have a short squeeze if buying pressure appeared in the stock with...

Rocket Companies Inc (NYSE: RKT) reported Thursday with fourth-quarter results that signal the online mortgage, real estate and e-commerce holding company is "firing on all cylinders," according to BofA Securities. The Rocket Companies Analyst: Jason Kupferberg maintains a Buy rating...

Rocket Companies, Inc. (NYSE: RKT) CEO Jay Farner discussed the Detroit-based company's long-term plans on CNBC's "Squawk On The Street" Friday.  The mortgage company's stock is rallying following a fourth-quarter earnings beat on Thursday.  Farner, after being asked...

Rocket Companies reported fourth-quarter and full-year earnings after the close Thursday that beat Street consensus estimates and broke company records. Rocket's Q4 Report: Fourth-quarter adjusted revenue totaled $4.8 billion for Rocket Companies (NYSE: RKT). This was a year-over-year...

Newly public UWM Holdings Corp (NYSE: UWMC) was trading lower Tuesday despite another Wall Street firm initiating bullish coverage on the Pontiac, Michigan-based mortgage firm. The UWM Analyst: Credit Suisse analyst Douglas Harter initiated coverage of UWM with an Outperform rating and $10.50...

Shares of Detroit-based online mortgage and financial services company Rocket Companies Inc (NYSE: RKT) were trading higher by more than 10% Friday morning on no news. Following the gain, CEO Jay Farner had a word of caution for short sellers: be careful. What Happened: Rocket Companies, fresh...