Rocket Companies’ completion of its $14.2 billion acquisition of Mr. Cooper Group this week has been heralded across the business press as a triumph of scale and efficiency. The deal, the largest independent mortgage transaction in U.S. history, creates a combined entity that now dominates both origination and servicing. Detroit-based Rocket, long the face of high-volume loan production and online consumer marketing, now absorbs Dallas-based Mr. Cooper, the country’s largest mortgage servicer with nearly 10 million homeowners in its portfolio. Together, they form . . .
To read the article Subscribe today!
