Rocket Companies has announced its acquisition of Mr. Cooper Group for $9.4 billion in an all-stock transaction, following its recent move to acquire Redfin. This strategic acquisition will increase Rocket's servicing portfolio to $2.1 trillion across 10 million clients—representing one in six mortgages in the U.S.—and is aimed at creating a comprehensive platform for homebuyers. While Mr. Cooper's stock experienced a surge after the announcement, Rocket's shares fell by about 8%. The deal is expected to close in late 2025, pending approvals.
Rocket Companies has reached an agreement to acquire Mr. Cooper Group for $9.4 billion, aiming to consolidate its position in the mortgage market.
This acquisition will expand Rocket's servicing portfolio to $2.1 trillion across 10 million clients, representing one in six mortgages in the U.S.
The deal is part of Rocket's strategy to create a one-stop-shop for homebuyers, integrating services from real estate to home loans.
While Mr. Cooper shares rose significantly after the news, Rocket's stock has dropped nearly 8%, showing market reaction disparities.
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