Rocket Companies, the Detroit-based real estate fintech platform, is acquiring Mr. Cooper Group Inc. in an all-stock transaction valued at around $9.4 billion.
This is the second major deal for the mortgage lender this month, which looks to become a one-stop-shop for real estate — earlier in March, Rocket bought the real estate brokerage Redfin in an all-stock deal for $1.75 billion.
By purchasing Mr. Cooper, a home loan servicer and direct competition, Rocket will gain an additional seven million clients, according to a statement.
Related: Rocket Is Acquiring Redfin for $1.75 Billion So Customers Can Buy and Sell Homes From Their Phones
“By combining Mr. Cooper and Rocket, we will form the
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