Here Is How Rocket Will Drive Earnings During a Slump for Mortgage Origination
One of the worst-performing sectors in this current slumping market has been the mortgage originators. Having feasted during 2020 and 2021, the economic environment has turned to famine as interest rates rise and choke off refinance activity.
Consumer lending giant Rocket Companies (NYSE: RKT) has not been immune to the difficult environment, so it has adapted to it by focusing on where the opportunities still lie.
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Source Fool.com