Rocket Companies Acquires Mr. Cooper Group in $9.4 Billion All-Stock Transaction

Mr. Cooper Acquires Flagstar Bank's Mortgage Operations

November 1, 2024

Financial Services

Mr. Cooper Group Inc. has closed its previously announced acquisition of Flagstar Bank N.A.'s mortgage operations, acquiring MSRs, advances, subservicing contracts, and Flagstar's third-party origination platform for approximately $1.3 billion in cash. The deal expands Mr. Cooper's servicing and origination capabilities and transfers Flagstar's mortgage customers and team members to Mr. Cooper, with full operational integration expected in early 2025.

Mr. Cooper Group Acquires Home Point Capital

July 31, 2023

Financial Services

Mr. Cooper Group Inc. completed a tender-offer acquisition of Home Point Capital Inc., acquiring approximately 98.5% of outstanding shares and merging Home Point into a Mr. Cooper subsidiary to make it a wholly owned subsidiary. The deal (previously announced at ~$324 million) increases Mr. Cooper's scale in mortgage origination and servicing and includes the assumption of $500 million in bonds while not materially impacting liquidity.

Rocket Companies Completes Acquisition of Redfin

July 1, 2025

Real Estate

Rocket Companies has completed its acquisition of Redfin, combining the Redfin real estate brokerage website with Rocket Mortgage. The companies also introduced “Rocket Preferred Pricing” for customers who finance through Rocket Mortgage and buy homes listed by (or with help from) Redfin agents.

Rocket Companies to Acquire Truebill for $1.275 Billion

December 20, 2021

Payments & Fintech

Rocket Companies (NYSE: RKT) entered into an agreement to acquire Truebill, a personal finance app, for $1.275 billion in cash. The acquisition is expected to close before the end of 2021 and is intended to expand Rocket’s fintech ecosystem by adding financial wellness services that deepen consumer engagement between major real estate and financial transactions.

Sagent Purchases Mr. Cooper IP to Create Cloud-Native Mortgage Servicing Platform

March 31, 2022

Cloud & SaaS

Sagent M&C (d/b/a Sagent Lending Technologies) purchased certain intellectual property rights related to Mr. Cooper's cloud-based mortgage servicing platform. As part of the agreement, Mr. Cooper received an equity stake in Sagent, appointed two directors to Sagent's board, and will be a multi-year customer as the parties build a cloud-native servicing platform.

Rocket Lab Completes Merger with Vector Acquisition Corporation

August 25, 2021

Aerospace & Defense

Rocket Lab USA, Inc. completed its previously announced merger with Vector Acquisition Corporation and began trading on Nasdaq under the ticker RKLB. The transaction generated approximately $777 million of gross proceeds (including trust account funds and concurrent PIPE financing) to accelerate Rocket Lab’s space systems growth, fund development of the reusable Neutron rocket, and support organic and inorganic expansion.