1151 ET - Rocket isn't really a mortgage company anymore, but it's anchored in hard assets, CEO Varun Krishna tells analysts. The Detroit mortgage lender, which owns Redfin, Rocket Mortgage, and Mr. Cooper, has made investments in technology but isn't fazed by volatility and repricing in the software industry. "Rocket is just very different. We're not a pure software company. We're not an AI company. We're not even really a mortgage company anymore. We're in the business of homeownership, and a home is physical," Krishna said. "It must be toured, it must be financed, and it exists in the real world. That's something that gives us tremendous confidence, because it creates durability." (amira.mckee@wsj.com)

(END) Dow Jones Newswires

February 27, 2026 11:51 ET (16:51 GMT)

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