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Rocket Companies Acquires Mr. Cooper for $9.4 Billion

3/31/2025

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Summary

Story summary

Rocket Companies is acquiring Mr. Cooper Group for $9.4 billion in stock, forming a major mortgage entity.
The merger will service over $2.1 trillion in loans and nearly 10 million clients, equating to one in six U.S. mortgages.
Jay Bray, CEO of Mr. Cooper, will lead Rocket Mortgage, focusing on improved customer experience through technology.
This acquisition follows Rocket's purchase of Redfin, aimed at streamlining homebuying and reducing costs.

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Story summary

Rocket Companies is acquiring Mr. Cooper Group for $9.4 billion in stock, forming a major mortgage entity.
The merger will service over $2.1 trillion in loans and nearly 10 million clients, equating to one in six U.S. mortgages.
Jay Bray, CEO of Mr. Cooper, will lead Rocket Mortgage, focusing on improved customer experience through technology.
This acquisition follows Rocket's purchase of Redfin, aimed at streamlining homebuying and reducing costs.