Yellen urges action to curb US mortgage market risks [Yahoo! Finance]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Yahoo! Finance
"The vulnerabilities of nonbank mortgage companies can amplify shocks in the mortgage market and undermine financial stability," said Yellen at an open session of a Financial Stability Oversight Council (FSOC) meeting. She added that the council has laid this out in detail for the first time. Nonbank financial companies do not have a full banking license but can offer various banking services. On Friday, Yellen said further action is needed to promote sound operations and address liquidity and other risks. Nonbanks originate and service most of US residential mortgages, a share that has risen since the 2008 financial crisis, according to Yellen who chairs the FSOC. This means that exposures to the sector have grown substantially. Such companies present risks as their business model makes them "especially susceptible" to housing market fluctuations like changes in housing prices and interest rates, she said. They also rely on the value of mortgage servicing rights, which
Show less
Read more
Impact Snapshot
Event Time:
RKT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RKT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RKT alerts
High impacting Rocket Companies, Inc. Class A news events
Weekly update
A roundup of the hottest topics
RKT
News
- Mortgage Interest Rates Today, June 3, 2024 | What if Rates Don't Drop This Year? [Business Insider]Business Insider
- Mortgage Interest Rates Today, May 30, 2024 | Rates Inch Up [Business Insider]Business Insider
- Rocket Companies CEO Varun Krishna to Present at Morgan Stanley U.S. Financials, Payments & CRE ConferencePR Newswire
- Mortgage Interest Rates Today, May 29, 2024 | Rates Stay Below 7% For Now [Business Insider]Business Insider
- Mortgage Interest Rates Today, May 23, 2024 | Rates Holding Steady Below 7% For Now [Business Insider]Business Insider
RKT
Earnings
- 5/2/24 - Beat
RKT
Sec Filings
- 5/31/24 - Form 4
- 5/29/24 - Form 4
- 5/24/24 - Form 4
- RKT's page on the SEC website