NYSE:RKTDiversified Financial
Rocket Companies Deal And Big-Name Backers Reshape Mortgage Servicing Story
Rocket Companies (NYSE:RKT) has agreed to acquire Mr. Cooper Group, a move that would make it the largest mortgage servicer in the U.S.
Institutional investors including Dan Loeb's Third Point and ValueAct Capital have recently increased their stakes in Rocket Companies.
The combination of a major acquisition and higher institutional ownership is drawing fresh attention to Rocket's role in the mortgage and housing finance sector.
Rocket Companies, trading at $17.98, sits at an interesting...