welcome
Moneywise

Moneywise

Business

Business & Economics

Rocket is buying Mr. Cooper for $9.4B, servicing nearly 10 million Americans — what consumers should know

Moneywise
Summary
Nutrition label

69% Informative

Rocket Companies is making a "bombshell" acquisition, buying Mr. Cooper , the largest mortgage servicer in America .

The deal, worth $9.4 billion , will give Rocket a massive $2.1 trillion servicing portfolio.

Rocket aims to harness data and AI to build lasting relationships with customers by meeting their needs before they arise.

What to read next - Thanks to Jeff Bezos , you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how - Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead - Here are 5 must have’ items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind..