Rocket Companies Inc is a consumer-focused technology company that specializes in the mortgage and real estate sectors
It is best known for its primary subsidiary, Quicken Loans, which offers a streamlined online platform for mortgage origination and refinancing, making it easier for customers to navigate the home loan process. The company leverages its innovative technology and data analytics to deliver personalized mortgage solutions, along with tools and resources for home buyers and homeowners looking to manage their financial endeavors. In addition to mortgage services, Rocket Companies also provides a range of related services, including real estate transactions, connecting clients with real estate professionals, and facilitating the buying and selling process.
Wall Street extends gains on Wednesday, as investors remain resilient in their risk appetite despite the looming announcement of sweeping trade tariffs by President Donald Trump.
Rocket Companies to Acquire Mr. Cooper in a $9.4B Deal – The acquisition will expand Rocket's mortgage servicing portfolio beyond $2.1 trillion, covering nearly 10 million customers. The move aims to enhance client retention, boost operational efficiency, and generate $500 million in annual synergies.
Rocket Companies will acquire Mr. Cooper in an all-stock transaction for $9.4 billion on the heels of Rocket's $1.75 billion acquisition of online real estate broker Redfin.
As bad as the last few weeks of trading have been, today was worse. We saw the Volatility Index (VIX), which had been historically calm until a couple of weeks ago, rise to its highest level since back in August.
Rocket Companies said it will benefit from Redfin's nearly 50 million monthly visitors, one million active purchase and rental listings, and staff of over 2,200 real estate agents across 42 states.
Rocket Companies announces it will acquire Redfin in a $1.75 billion deal to bring homebuyers an end-to-end, online real estate solution from browsing listings to securing a mortgage.
