top of page

The Institutional Risk Analyst

© 2003-2024 | Whalen Global Advisors LLC  All Rights Reserved in All Media |  ISSN 2692-1812 

  • Ford Men on Amazon
  • Twitter
  • LinkedIn
  • Pinterest

Update: Rocket Companies and United Wholesale Mortgage

Updated: Aug 17, 2021

August 17, 2021 | Updated | Last week, Rocket Companies (NYSE:RKT) reported Q2 2021 earnings. Like the rest of the industry, RKT showed significant slowing of volumes and profitability in the second quarter, with results negatively impacted by rising interest rates and a consumer exhaustion after a torrid year of record loan production. Total loan origination volume for RKT fell 20% to $83 billion in the quarter while EBITDA was cut in half to $1.2 billion vs $2.4 billion in Q1 2021. Gain-on-sale (GOS) margins for RKT fell to 2.78% vs 3.74% in Q1 2021 and a record 5.2% in Q2 2020, reflecting the squeeze on credit spreads that is negatively impacting the entire interest rate complex. RKT's GOS margins are shown below.

Want to read more?

Subscribe to to keep reading this exclusive post.


Recent Posts

See All


Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page