Rocket Companies completes $14.2B acquisition of Mr. Cooper Group.

Rocket Companies has completed the $14.2 billion acquisition of Mr. Cooper Group, creating the largest independent mortgage company in the US. The combined entity will have a servicing portfolio of nearly 10 million homeowners and aims to transform homeownership for Americans. The acquisition unites the country's largest home loan originator with the largest mortgage servicer.

Rocket Companies, Inc. (NYSE:RKT) has successfully completed its acquisition of Mr. Cooper Group Inc. (NasdaqCM:COOP) for $14.2 billion, creating the largest independent mortgage company in the United States. The transaction, which closed on October 1, 2025, unites the country's largest home loan originator with the largest mortgage servicer, resulting in a combined entity with a servicing portfolio of nearly 10 million homeowners Rocket Companies, Inc. completed the acquisition of Mr. Cooper Group Inc..^[1].

The all-stock transaction, valued at $11 per share of Mr. Cooper common stock, will see Rocket shareholders own approximately 75% of the combined company on a fully diluted basis pro forma for the Redfin transaction, while Mr. Cooper shareholders will own approximately 25% Rocket Companies, Inc. completed the acquisition of Mr. Cooper Group Inc..^[1]. The acquisition is expected to be accretive to Rocket's adjusted earnings per share immediately after closing. Upon completion, Mr. Cooper Group's Chairman and Chief Executive Officer, Jay Bray, will become President and CEO of Rocket Mortgage, reporting to Varun Krishna, Rocket CEO Rocket Companies, Inc. completed the acquisition of Mr. Cooper Group Inc..^[1].

The combined company will leverage Rocket's robust technology and Mr. Cooper's extensive servicing capabilities to transform homeownership for Americans. The acquisition also includes a $4.95 billion senior unsecured bridge term loan facility from JPMorgan Chase Bank, N.A., to finance the acquisition and refinance or repay certain of Mr. Cooper's outstanding indebtedness Rocket Companies, Inc. completed the acquisition of Mr. Cooper Group Inc..^[1].

The transaction is subject to customary closing conditions, including regulatory approvals and the approval of Mr. Cooper's stockholders. As of August 26, 2025, U.S. Federal Housing allowed Fannie Mae and Freddie Mac (GSEs) to approve the acquisition subject to appropriate conditions to ensure the ongoing safety and soundness of Fannie Mae and Freddie Mac Rocket Companies, Inc. completed the acquisition of Mr. Cooper Group Inc..^[1].

Following the acquisition, Rocket Companies has announced plans for an internal reorganization. Nationstar will contribute all of its assets and liabilities to Rocket Mortgage, LLC, and Rocket Mortgage will assume all of the obligations of Nationstar as issuer under the indentures governing Nationstar's Senior Notes Rocket Companies, Inc. completed the acquisition of Mr. Cooper Group Inc..^[1].

The combined company's board will consist of 11 members, with 9 from Rocket's board and 2 from Mr. Cooper's board. Dan Gilbert will remain Chairman of Rocket Companies, while Varun Krishna will serve as CEO of the combined entity Rocket Companies, Inc. completed the acquisition of Mr. Cooper Group Inc..^[1].

The acquisition marks a significant milestone for both companies and sets the stage for future growth and innovation in the mortgage industry.