Rocket’s new CEO Varun Krishna takes seat on board of directors

The mortgage lending giant’s board of directors has been expanded from seven members to eight to accommodate the move. Krishna’s term will expire at the company’s 2026 annual meeting. Continue reading

Rocket back in the black after boosting purchase market share

The Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages. Continue reading

Rocket taps veteran fintech exec Varun Krishna as next CEO

Changing of the guard demonstrates mortgage is just one component of a larger fintech strategy, with former Intuit, PayPal exec set to succeed interim CEO Bill Emerson on Sept. 5. Continue reading

Rocket CEO Jay Farner, who led company’s 2020 IPO, retiring June 1

Former Rocket Mortgage CEO Bill Emerson will serve as the company’s interim CEO while its board of directors conducts a search for a permanent leader. Continue reading

Quicken Loans agrees to pay HUD $32.5M

Quicken Loans confirmed today it has agreed to pay the U.S. Department of Housing and Urban Development $32.5 million to resolve a multi-year legal battle between the lender and HUD. Continue reading