Last year, Rocket Mortgage, America’s top mortgage lender, benefited greatly from record low mortgage rates — racking up more than double the refi volume of any lender. 

But with rates rapidly climbing past the 7% level, the Detroit-based lender is now in a tough spot as it attempts to pivot to purchase mortgages and persuade its customers to get cash-out refis – all while trying to cut costs through voluntary buyouts and attrition, the Wall Street Journal reported in a deep dive published Tuesday.  

Rocket is expected to post a loss in the third details ⇒

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