Tag Archives: mortgage servicing

Rocket, Mr. Cooper merger OK’d by Fannie and Freddie regulator

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A green light from the Federal Housing Finance Agency and antitrust regulators sets the stage for a Sept. 3 vote by Mr. Cooper shareholders on $9.4 billion mega merger. Continue reading →

Newrez pays $2.3M to settle Caliber overcharge allegations

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California regulators collect $1.8 million fine after accusing Caliber Home Loans of overcharging nearly 5,000 borrowers for interest that accrued before their first mortgage payment was due. Continue reading →

Defying conventional wisdom, UWM grows mortgage refis

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While rival Rocket Mortgage seeks to boost refis by becoming largest U.S. loan servicer, UWM CEO Mat Ishbia says AI, competitive pricing will help mortgage brokers compete for borrowers. Continue reading →

Rocket to inherit Mr. Cooper’s customer satisfaction woes

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Both companies have invested heavily in AI. But while Rocket consistently earns high marks for loan servicing, Mr. Cooper’s J.D. Power rankings have been subpar for more than a decade. Continue reading →

Mr. Cooper is ‘firing on all cylinders’ going into merger with Rocket

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CEO Jay Bray says the loan servicing giant intends to “hit the ground running” when it merges with Rocket Companies later this year after turning a $198 million Q2 profit. Continue reading →

Tech, scale and strategy fuel Q1 wins across real estate

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From Zillow’s return to profit to CoStar’s continued growth, Q1 earnings reveal how companies are adapting — and competing — in a shifting market. Continue reading →

UWM expands its Rocket rivalry into mortgage loan servicing

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Long-term agreement with ICE Mortgage Technology will help nation’s largest mortgage lender bring $242 billion loan servicing portfolio in-house to boost repeat business and referrals. Continue reading →

Mr. Cooper’s servicing portfolio shrinks for the first time in 2 years

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Nation’s largest loan servicer turned an $88 million Q1 profit and remains on track to be acquired by Rocket in Q4, a deal that’s prompted UWM to cut ties to Mr. Cooper. Continue reading →

Rocket Companies set to acquire Mr. Cooper Group Inc. for $9.4B

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The all-stock deal is set to close in Q4 2025. Mr. Cooper Group Chair and CEO Jay Bray will become president and CEO of Rocket Mortgage while reporting to Rocket Companies CEO Varun Krishna. Continue reading →

Rentals, tech and efficiency drive real estate’s Q4 earnings

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Real estate brokerage Q4 earnings winners surged ahead by betting on rentals, AI-driven efficiencies and streamlined operations. Continue reading →