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fromwww.housingwire.com
1 day ago

Mr. Cooper stockholders approve Rocket deal

Rocket and Mr. Cooper's board of directors signed off on the deal in late July. Rocket Holdings Inc. which controls 79% of Rocket's voting power already provided written consent for the stock issuance, removing the need for a Rocket shareholder vote. In late August, the Federal Housing Finance Agency (FHFA) approved the merger, subject to a 20% cap on Fannie Mae and Freddie Mac servicing exposure for the combined company.
Business
Real estate
fromwww.housingwire.com
1 week ago

Analysts split on what happens next with RocketMr. Cooper servicing book

FHFA approved Rocket's acquisition of Mr. Cooper but imposed a 20% cap on Fannie/Freddie servicing exposure, constraining combined servicing and subservicing market share.
SF real estate
fromwww.housingwire.com
2 months ago

Rocket, PennyMac price new debt offerings

Fitch Ratings assigned a BBB- rating to Rocket's notes; leverage profile remains stable post-acquisition.
PennyMac's $100 million note issuance reflects a strategy to diversify funding and strengthen its mortgage servicing capabilities.
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