Rocket Companies acquires Mr. Cooper for $9.4 billion! New mortgage giant manages one in six US mortgages!

The fintech platform Rocket Companies (RKT) announced in a press release on March 31, 2025, that it has reached an agreement with mortgage service provider Mr. Cooper Group (COOP) to acquire the company in an all-stock transaction valued at $9.4 billion. Shareholders of Mr. Cooper will exchange each of their shares for 11 shares of Rocket Companies. This will create a new mortgage giant in the US market, managing a loan volume worth $2.1 trillion for approximately 10 million borrowers. This accounts for nearly one in six US mortgages. Mr. Cooper's...