‘It was love at first sight!’ Inside Rocket’s pursuit of Redfin, Mr. Cooper
CEOs Varun Krishna, Jay Bray and Glenn Kelman share how and why the deals went down at HousingWire’s The Gathering.
Rocket Mortgage
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Rocket shifts focus to integration after Q1 growth in originations and M&A
Lower rates helped Detroit-based Rocket Companies improve its originations in the first quarter of the year, a period also marked by the announcement of two major acquisitions, Redfin and Mr. Cooper.
The nation’s largest mortgage lenders are only getting bigger
Inside Mortgage Finance (IMF) data for the first quarter of 2025 was released this week. The numbers show little movement in the composition of the top 10 originators, but there is significant volatility in sales volumes on both a quarterly and yearly basis.
Mat Ishbia’s unfiltered thoughts on the Rocket-Mr. Cooper deal
What does UWM’s Mat Ishbia think about Rocket Companies’ pending $9.4 billion deal for Mr. Cooper? “It’s fantastic,” he said.
What went wrong at Redfin?
Redfin launched with the intention of redefining the real estate industry, but in a turbulent housing market, its signature innovation may have ultimately ended its run as a standalone company.
Rocket showcases strategic pivot on Q4 earnings call
On Thursday’s earnings call for Q4 2024, the company reported that it generated net revenue of $1.8 billion and adjusted revenue of $1.2 billion, with the latter figure coming in at the high end of Rocket’s expectations.
Rocket Mortgage’s origination volume rises to $27.8B in Q4
Rocket Companies recorded net revenue of $1.8 billion and GAAP net income of $649 million in the fourth quarter of 2024.
The 29 mortgage servicers that received top marks from Fannie Mae
Fannie Mae on Tuesday announced the results of its 2024 Servicer Total Achievement and Rewards (STAR) program, recognizing 29 mortgage servicers for “competency, capability, and overall performance.”
Rocket plays the long game with its renter rewards program
The recently announced RocketRentRewards program from Rocket Mortgage — which the company says is the homeownership industry’s first offer to provide closing cost credits for renters — allows homebuyers who use Rocket as their lender to earn 10% back on their last 12 months of rental payments.
Rocket makes a Super Bowl commercial comeback
The ad aired nationally during the second quarter and was set to a reimagined version of John Denver’s “Take Me Home, Country Roads.”