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Mortgage company Rocket is buying rival Mr. Cooper in an all-stock deal valued at $9.4 billion, just weeks after buying real estate listing company Redfin.
Rocket agreed to buy Mr. Cooper Group, one of the country’s largest mortgage companies, in a $9.4 billion all-stock deal.
Rocket Cos. would funnel business through services that include real estate listings, loan origination, and the handling of loan payments.
Shares of Mr. Cooper Group jumped nearly 25% in premarket trading Monday on news that mortgage lending giant Rocket Companies ...
The deal will significantly expand Rocket's mortgage servicing business, giving it control of one in six US mortgages. The acquisition is expected to save the combined companies $400 million ...
On a recent episode of the HousingWire Daily podcast, James Kleimann and Sarah Wheeler unpack Rocket Companies’ acquisition of Mr. Cooper.
As the two executives built a relationship and recognized synergies between Rocket and Mr. Cooper, a deal fell into ... changes the landscape of the mortgage industry. “It’s time for ...
Regulators should approve the deal because post-merger, the servicing market remains fragmented and the mortgage origination business is even more dispersed.
The mortgage company Rocket is buying competitor Mr. Cooper in an all-stock deal valued at $9.4 billion, just weeks after acquiring real estate listing company Redfin. Rocket Cos. said Monday that ...