Rocket Secures $9.4 Billion Deal with Mr. Cooper
Deal News | Mar 31, 2025 | Aim Group
Rocket Companies, the U.S. mortgage giant, has announced its agreement to acquire Mr. Cooper, the country's largest mortgage servicing company, for $9.4 billion. This acquisition follows Rocket's recent agreement to purchase Redfin, a popular residential real estate site. The acquisition of Mr. Cooper represents a strategic move by Rocket Companies to expand its influence and capabilities in the mortgage servicing market. The deal further solidifies Rocket’s prominent position in the U.S. mortgage industry, positioning it to capture a greater share of the market and enhance its service offerings.
Sectors
- Mortgage and Lending
- Real Estate
Geography
- United States – Both Rocket Companies and Mr. Cooper are based in the U.S., and the acquisition impacts the U.S. mortgage and real estate markets.
Industry
- Mortgage and Lending – The transaction involves major players in the mortgage industry, with Rocket Companies acquiring Mr. Cooper, a leading mortgage servicing firm.
- Real Estate – Rocket Companies’ acquisition of Mr. Cooper and recent purchase of Redfin highlight its strategic moves within the real estate sector.
Financials
- $9.4 Billion – The acquisition price Rocket Companies agreed to pay for Mr. Cooper.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rocket Companies | Acquirer | Company | A U.S. mortgage giant expanding its market presence by acquiring Mr. Cooper and Redfin. |
| Mr. Cooper | Target Company | Company | The largest mortgage servicing company in the U.S., being acquired by Rocket Companies. |
| Redfin | Recent Acquisition | Company | A popular residential real estate site recently agreed to be bought by Rocket Companies. |