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Rocket Companies Extends Key Bank of America Facility

Story Highlights
  • Rocket Mortgage extended a key repurchase facility with Bank of America to 2027.
  • Total funding capacity declined to $25.9 billion, and Rocket corrected a proxy filing date error.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rocket Companies Extends Key Bank of America Facility

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Rocket Companies ( (RKT) ) has shared an update.

On December 19, 2025, Rocket Mortgage entered as a guarantor into an amendment to its Amended and Restated Master Repurchase Agreement with Bank of America, extending the facility’s expiration date from October 3, 2026, to December 17, 2027, and making certain technical changes, a move that helps secure longer-term liquidity support for its mortgage funding activities. Following this amendment, the company reported that, as of December 19, 2025, its total funding capacity across repurchase agreements, early funding facilities, unsecured credit lines, MSR credit lines and early buyout facilities stood at $25.9 billion, down from $26.4 billion on September 30, 2025, and $27.5 billion on December 31, 2024, while it also disclosed a correction to a date error in its May 29, 2025 proxy statement regarding the deadline for stockholder proposal submissions for its 2026 annual meeting.

The most recent analyst rating on (RKT) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Rocket Companies stock, see the RKT Stock Forecast page.

Spark’s Take on RKT Stock

According to Spark, TipRanks’ AI Analyst, RKT is a Neutral.

Rocket Companies’ overall stock score reflects significant challenges in financial performance and valuation, with high leverage and overvaluation concerns. However, strong strategic moves, including successful integrations and AI advancements, provide a positive outlook. The technical analysis suggests a moderate bullish trend, but the high P/E ratio remains a concern. The earnings call and corporate events highlight strategic growth, but the challenging housing market and increased expenses pose risks.

To see Spark’s full report on RKT stock, click here.

More about Rocket Companies

Rocket Mortgage, an indirect subsidiary of Rocket Companies, operates in the U.S. mortgage finance industry, providing residential home loans and related financing solutions, and relies on large credit and repurchase facilities to fund its lending operations.

Average Trading Volume: 38,857,425

Technical Sentiment Signal: Strong Buy

Current Market Cap: $53.73B

For a thorough assessment of RKT stock, go to TipRanks’ Stock Analysis page.

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