Rocket Mortgage

Senators scrutinize Rocket’s Redfin, Mr. Cooper deals

Industry News, M&A, Politics and policy, Rocket Mortgage / Ricky Vasquez

Five U.S. Senators have called into question the lack of federal antitrust oversight of Rocket Companies’ proposed acquisitions of Redfin and servicing powerhouse Mr. Cooper. Lawmakers, including Sens. Elizabeth Warren, D-Mass, and Cory Booker, D-N.J.,sent a letter to the Justice Department’s Antitrust Division and the Federal Trade Commission demanding to know why the agencies did […]

Senators scrutinize Rocket’s Redfin, Mr. Cooper deals Read More »

Roadblock for Redfin shareholder vote on Rocket merger removed

Industry News, Law and legal issues, M&A, Redfin, Rocket Mortgage / Ricky Vasquez

A Redfin shareholder vote planned for today, June 4, will proceed as planned, according to legal documentation published by a Washington federal court Tuesday. The vote is one of the final steps for closing Rocket Companies’ $1.75 billion acquisition of the real estate brokerage. In early May, plaintiff Jason Morano, a Redfin shareholder, sued the

Roadblock for Redfin shareholder vote on Rocket merger removed Read More »

Judge dismisses insider trading suit against Rocket’s Dan Gilbert

Dan Gilbert, HWmember, Jay Farner, Lawsuit, Legal & General Home Finance, LendingLife, Mortgage, Origination, Rocket Companies, Rocket Mortgage / Ricky Vasquez

Rocket Companies scored a win in a derivative lawsuit alleging insider trading by its primary stakeholder, Rocket Holdings, Inc. (RHI), an entity owned by founder and chairman Dan Gilbert, and its board of directors. The lawsuit stemmed from two complaints, one filed by the Doris Shenwick Trust in November 2021 and another by investor Christopher

Judge dismisses insider trading suit against Rocket’s Dan Gilbert Read More »

Rocket plans to raise $4B to pay off Mr. Cooper debt

Earnings, Industry News, M&A, Rocket Mortgage / Ricky Vasquez

Rocket Cos. is offering a combined $4 billion in senior notes to pay some of Mr. Cooper’s ten-figure debt in anticipation of the major acquisition. The Detroit-based fintech said Tuesday it wants to sell $2 billion of senior notes due 2030 and an additional $2 billion of senior notes due 2033, unconditionally guaranteed by Rocket

Rocket plans to raise $4B to pay off Mr. Cooper debt Read More »

Rocket’s deals for Redfin, Mr. Cooper bring new growth and challenges

Industry News, M&A, Rocket Mortgage / Ricky Vasquez

Enjoy complimentary access to top ideas and insights — selected by our editors. Market volatility under a second Trump administration was no match for Rocket Companies’ appetite for mergers in the first quarter of the year, as the origination giant inked deals to acquire real estate brokerage Redfin and mega servicer Mr. Cooper. Now comes

Rocket’s deals for Redfin, Mr. Cooper bring new growth and challenges Read More »

Rocket has regionalized consumer direct channel

HWmember, LendingLife, Mortgage, Mr. Cooper, Origination, Redfin, Rocket Companies, Rocket Mortgage / Ricky Vasquez

Rocket Companies, traditionally known for its call center model, is diversifying its channel strategy amid its deals to acquire Redfin and Mr. Cooper, according to Chief Operating Officer Heather Lovier. “When we think about how we’re diversifying, obviously, Rocket is very consumer-direct — we have our direct-to-consumer channel. But we’re also diversifying in the field

Rocket has regionalized consumer direct channel Read More »

Rocket, Redfin aim to block stockholder suit proceedings

Industry News, Law and legal issues, M&A, Rocket Mortgage / Ricky Vasquez

Rocket Companies and Redfin are pushing back against a lawsuit that could disrupt the closing of the mortgage giant’s $1.75 billion acquisition of the real estate brokerage. Plaintiff Jason Morano, a Redfin shareholder, sued the brokerage and Rocket in early May, alleging that Redfin’s disclosures to the Securities and Exchange Commission regarding the deal omitted

Rocket, Redfin aim to block stockholder suit proceedings Read More »

Rocket, Mr. Cooper merger: HMDA data reveals market impact

HMDA, M&A, Originations, Rocket Mortgage, Servicing / Ricky Vasquez

Rocket Mortgage is buying Mr. Cooper in what could be a transformative deal for the industry, so we looked at what it might mean for mortgage production based on select Home Mortgage Disclosure Act datasets. An analysis of available 2024 HMDA data through iEmergent shows that while Mr. Cooper’s servicing strength could eventually help Rocket

Rocket, Mr. Cooper merger: HMDA data reveals market impact Read More »

Redfin investor alleges lack of Rocket deal transparency

Industry News, Law and legal issues, M&A, Rocket Mortgage / Ricky Vasquez

A Redfin stockholder is ringing the alarm regarding the imminent closing of Rocket Companies’ $1.75 billion acquisition of the real estate brokerage, filing a suit that claims that certain information was not disclosed to investors. Plaintiff Jason Morano alleges that Redfin submitted “materially incomplete and misleading” filings with the Securities and Exchange Commission in order

Redfin investor alleges lack of Rocket deal transparency Read More »

Senators scrutinize Rocket’s Redfin, Mr. Cooper deals

Roadblock for Redfin shareholder vote on Rocket merger removed

Judge dismisses insider trading suit against Rocket’s Dan Gilbert

Rocket plans to raise $4B to pay off Mr. Cooper debt

Rocket’s deals for Redfin, Mr. Cooper bring new growth and challenges

Rocket has regionalized consumer direct channel

Rocket, Redfin aim to block stockholder suit proceedings

Rocket, Mr. Cooper merger: HMDA data reveals market impact

Redfin investor alleges lack of Rocket deal transparency

Equal Housing Opportunity

Contact Us

SSL Certificate

Resources

Connect With Us