Tag Archives: Varun Krishna

Redfin shareholders approve Rocket merger at special meeting

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With antitrust regulators declining to weigh in, $1.75 billion deal to marry a tech-focused mortgage lender to real estate brokerage could close by the end of the month. Continue reading →

Rocket will pay off $4B in Mr. Cooper debt after acquisition

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Although Rocket’s plans to acquire Mr. Cooper and Redfin are structured as all-stock deals, assuming their debts will leave Rocket more highly leveraged, Fitch analysts said of possible debt rating downgrade. Continue reading →

Rocket says it could close Redfin acquisition as soon as this quarter

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Home loan giant boosts Q1 mortgage production by 7 percent, to $21.6 billion, says Redfin and Mr. Cooper acquisitions remain on track to close this year. Continue reading →

Redfin unfazed by 2% revenue drop as it finalizes deal with Rocket

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Despite a year-over-year decline in Q1, CEO Glenn Kelman voiced confidence in a statement on Tuesday as Redfin continued to finalize its $1.75 billion all-stock merger with Rocket Companies. 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 →

Transitions, eliminated positions, acquisitions: Inman’s Top 5

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Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. 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 →

Rocket: Redfin acquisition will cut consumer transaction costs by half

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Rocket executives say that a whopping $20,000 in savings from unifying home search, buying, selling, mortgage, title and servicing could allay antitrust concerns and keep regulators at bay after the deal closes. Continue reading →

Krishna, Kelman dish on the future of ‘the Rocket-Redfin experience’

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Rocket CEO Varun Krishna and Redfin CEO Glenn Kelman shared with Inman why they agreed to merge as part of a $1.75 billion acquisition. AI, data and a complete consumer experience were at the center of it. Continue reading →

Rocket Companies to purchase Redfin in $1.75B all-stock deal

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Rocket Companies announced Monday its plans to acquire Redfin in an all-stock transaction valued at $1.75 billion in equity. This acquisition will integrate Redfin’s home search platform, which features over 1 million listings and a network of 2,200 ag… Continue reading →