Rocket Companies reports contraction in gain on sale margins.

• Bloomberg financial analyst • Rocket Companies, Inc. (NYSE: RKT) • Shareholders encouraged to contact the firm • Class period: March 29, 2021 to April 1, 2021 • Allegations: false and/or misleading statements • Unfavorable shift toward Partner Network operating segment • Compression in price spread between primary and secondary mortgage markets.

Rocket Companies, Inc. (NYSE: RKT) is facing a class action lawsuit, with shareholders encouraged to contact legal firms to potentially participate in the case. The suit alleges that the company made false and/or misleading statements during a specific class period, which could have misled investors.

The class period in question spans from March 29, 2021, to April 1, 2021. During this period, the complaint alleges that Rocket Companies engaged in a price war and battle for market share, leading to a contraction of gain on sale margins. The company's operating margins were significantly impacted by increased competition among mortgage lenders and a shift toward the lower margin Partner Network operating segment.

The lawsuit also alleges that Rocket Companies failed to disclose that its gain on sale margins were on track to plummet by at least 140 basis points in the first six months of 2021. This was due to the unfavorable market conditions and the compression in the price spread between the primary and secondary mortgage markets.

Shareholders who purchased shares of RKT during this period are encouraged to contact the Gross Law Firm or Pomerantz LLP to potentially participate in the class action. The deadline to seek to be a lead plaintiff is July 8, 2025.

The Gross Law Firm and Pomerantz LLP are both recognized for their work in securities class actions. The Gross Law Firm has a mission to protect the rights of investors who have suffered from deceit, fraud, and illegal business practices. Pomerantz LLP is one of the premier firms in corporate, securities, and antitrust class litigation, known for recovering multimillion-dollar damages awards on behalf of class members.

Investors should carefully consider the implications of this lawsuit and consult with a legal professional for advice tailored to their specific situation. The outcome of the case could potentially impact the company's stock price and the rights of shareholders.

References:
[1] https://www.globenewswire.com/news-release/2025/07/02/3109484/0/en/The-Gross-Law-Firm-Notifies-Rocket-Companies-Inc-Investors-of-a-Class-Action-Lawsuit-and-Upcoming-Deadline-RKT.html
[2] https://markets.financialcontent.com/wral/article/gnwcq-2025-7-6-investor-alert-pomerantz-law-firm-reminds-investors-with-losses-on-their-investment-in-rocket-companies-inc-of-class-action-lawsuit-and-upcoming-deadlines-rkt