Overall, Rocket Companies reported $6 billion in profits in 2021, a 35% decline from the incredible heights of 2020. The lender expects origination volumes and margins to keep falling in Q1 2022.
February 28, 2022
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Overall, Rocket Companies reported $6 billion in profits in 2021, a 35% decline from the incredible heights of 2020. The lender expects origination volumes and margins to keep falling in Q1 2022.
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While mortgage rates trended upward in 2022, one unintended side effect of global uncertainty is that it often results in downward pressure on mortgage rates," said Odeta Kushi.
Offerpad turned a $6.5 million profit in 2021, the lone iBuyer to do so. It's unclear whether the company can remain in the black in 2022, with home price appreciation still on the upswing.
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