Keeping It Simple

[eastunder]

Ambulance chasers on RKT in the droves

(This is making it hard to pay off my mortgage by buying stock in my mortgage lender ;)

https://finviz.com/quote.ashx?t=rkt

According to the Complaint, the Company made false and misleading statements to the market. Rocket suffered from the highest contract rates in two years based on increased competition with other mortgage lenders amongst other factors. The Company was engaged in a price war with its rivals which further eroded margins. These adverse trends were accelerating throughout the first six months of 2021. In fact, the Company's gain-on-sale margins had fallen below recent averages. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Rocket, investors suffered damages.