FHFA clears Rocket’s $9.4B acquisition of Mr. Cooper, with safeguards

FHFA Approves Rocket’s Acquisition of Mr. Cooper - The MortgagePoint

The Federal Housing Finance Agency (FHFA) in keeping with its responsibilities as conservator of Fannie Mae and Freddie Mac (the government-sponsored enterprises), allowed both GSEs to approve Rocket Companies’ proposed acquisition of Mr. Cooper Group, subject to appropriate conditions to ensure the ongoing safety and soundness of Fannie Mae and Freddie Mac.   The FHFA’s safety and soundness staff conducted an analysis of the proposed merger of …

Rocket Companies’ Mr. Cooper Acquisition Cleared by the FHFA

The Federal Housing Finance Agency (FHFA) has announced its allowance for Fannie Mae and Freddie Mac to approve Rocket Companies’ acquisition of Mr. Cooper, adding a stipulation that the merger is “subject to appropriate conditions.” The approval comes after what the FHFA dubbed a “rigorous analysis of the proposed merger of two of the Enterprises’… The post Rocket Companies’ Mr. Cooper Acquisition Cleared by the FHFA appeared first on RISMedia.

FHFA clears Rocket’s $9.4B acquisition of Mr. Cooper, with safeguards

The Federal Housing Finance Agency (FHFA) said Tuesday it has allowed Fannie Mae and Freddie Mac to approve Rocket Companies’ planned acquisition of Mr. Cooper Group, noting the combined company should not exceed a 20% counterparty risk limit set for the government-sponsored enterprises (GSEs). Detroit-based Rocket announced in March that it would acquire Mr. Cooper — the nation’s largest mortgage servicer — in an all-stock deal valued at $9.4 b…