Why is Rocket buying Mr. Cooper in a real estate mega deal?

Online mortgage company Rocket to acquire Mr. Cooper in all-stock $9.4 billion deal

The financial technology platform Rocket Companies — , which includes real estate, title and personal finance businesses, and mortgages under its umbrella — has acquired the mortgage company Mr. Cooper Group Inc. in an all-stock deal valued at $9.4 billion.  The acquisition of Mr. Cooper by Rocket creates an entity that will represent nearly 20% of all mortgages in the United States. Per AP News: Rocket said Monday that the purchase of Mr. Coope…

Rocket makes $11 billion bid to dominate the homebuying process

In the span of just three weeks, Rocket Cos. has thrown around more than $11 billion in a bid to reshape the way Americans buy, sell and finance their homes. The goal: make everything run through Rocket, from start to finish. In Rocket’s vision of the housing market, buyers and sellers will connect through Redfin Corp., the home-search platform it agreed to purchase for $1.75 billion earlier this month. Then homebuyers in need of a mortgage will…

Rocket Ramps Up Buying Spree With $9.4 Billion Mr. Cooper Acquisition

Rocket Companies expands mortgage portfolio, follows Redfin deal with $9.4 billion acquisition of Mr. Cooper. The post Rocket Ramps Up Buying Spree With $9.4 Billion Mr. Cooper Acquisition appeared first on Investor's Business Daily.

Why is Rocket buying Mr. Cooper in a real estate mega deal?

(NewsNation) — Mr. Cooper, the largest home loan servicer in the U.S., is being bought by mortgage company Rocket in an all-stock deal valued at $9.4 billion. The acquisition will create a business representing one in every six mortgages in the United States and give Rocket almost 7 million additional clients, Rocket Companies said Monday. "By combining Mr. Cooper and Rocket, we will form the strongest mortgage company in the industry, offering …

Rocket Wants to Be the 'Strongest Mortgage Company in the Industry' With Its Latest Acquisition Worth Billions

Rocket is acquiring Mr. Cooper in an all-stock transaction for $9.4 billion in equity value. Earlier this month Rocket acquired Redfin for $1.75 billion.

Why Shares of Rocket Companies Are Falling After a Big Acquisition Announcement @themotleyfool #stocks $RKT $RDFN $COOP