Rocket Mortgage is a fintech mortgage originator that became America’s largest mortgage originator, all within a few years.
Outside of the fees they generate from every mortgage they originate, Rocket Mortgage makes money by servicing mortgages, meaning that they generate fee for the collection of payments and maintaining relationships with borrowers. Finally, Rocket Mortgage also makes money from offering title insurance, marketing, and from having a real estate brokerage.
With mortgage demand dwindling and home sales plunging,
insiders of Rocket continue to buy the dip.
When considering that mortgage payments have surged, insiders are optimistic that the company will see a surge in earnings from the interest that come with holding onto mortgages.
That's why insiders are buying the dip on
$RKT