Rocket to buy Mr Cooper in $9.4bn deal to create US mortgage giant
Stay informed with free updatesSimply sign up to the Property sector myFT Digest -- delivered directly to your inbox.Rocket Companies has agreed to buy Mr Cooper for $9.4bn, in a deal that will create a US mortgage giant at an uncertain time for the US real estate market. The all-stock transaction will put fintech company Rocket in control of a loan book worth $2.1tn across 10mn clients, representing one in every six US mortgages. Rocket is among America’s biggest mortgage lenders, while Mr Cooper is a behemoth in servicing loans.The deal...


