Rocket Companies Acquires Mr. Cooper in $9.4 Billion Deal

Rocket Companies, the nation's largest mortgage lender, has announced a significant acquisition of Mr. Cooper, America's largest mortgage servicer, in a deal valued at $9.4 billion. This strategic move, set to be completed in 2025, aims to enhance Rocket's service offerings and expand its market presence.

The acquisition will combine Rocket's innovative lending solutions with Mr. Cooper's extensive servicing capabilities, potentially reshaping the mortgage industry landscape. The deal includes a mix of cash and stock, with Mr. Cooper shareholders receiving $1.5 billion in cash and the remainder in Rocket Companies stock.

Both companies have expressed optimism about the merger, citing potential benefits such as improved customer experiences and operational efficiencies. The transaction is subject to customary closing conditions, including regulatory approvals and shareholder consent.

This acquisition marks a significant milestone in the mortgage sector, highlighting the ongoing consolidation and the drive towards integrated financial services.

• Mortgage Industry
• Mr. Cooper
• Rocket Companies

Detailed Rocket Companies to acquire Mr. Cooper Group for $9.4 billion

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