Rocket Companies Acquires Mr. Cooper for $9.4 Billion

Fintech platform Rocket Companies announced a definitive agreement to acquire mortgage firm Mr. Cooper in an all-stock transaction valued at $9.4 billion. The deal sent Mr. Cooper shares soaring 25% and represents a major consolidation in the mortgage servicing industry. The acquisition will expand Rocket's servicing portfolio and capabilities, creating one of the largest mortgage originators and servicers in the United States amid a challenging housing market environment Read More