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Rocket s second-quarter profits plunge amid market slowdown

Rocket Companies on Thursday reported second-quarter net income of $60 million, down nearly 95% from a year ago.

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Rocket s earnings plummet, but its liquidity remains solid

Rocket Companies boosted its liquidity significantly shortly after the end of the second quarter by adding a $1 billion credit facility secured by agency mortgage-servicing rights (MSRs), a recent filing with the SEC shows.

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Rocket Companies hit by fall in net income

"We are adapting our mortgage operations to the current market environment," CEO says

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Rocket Companies ekes out $60M Q2 profit, does cost cuts

Net income for the Detroit-based mortgage giant, formerly known as Quicken Loans, was down from just over $1 billion during the same quarter in 2021.

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Piano-playing internet star Lennie makes 25 times his fundraising target

Lennie Street, 10, was supported by celebrities including Gary Barlow and Peter Andre as he entertained his thousands of followers during lockdown.

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