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Rocket Mortgage is buying Mr. Cooper in what could be a transformative deal for the industry, so we looked at what it might mean for mortgage production based on select Home Mortgage Disclosure Act datasets.
An analysis of available 2024 HMDA data through iEmergent shows that while Mr. Cooper’s servicing strength could eventually help Rocket compete with its closest origination rival, the combination alone won’t immediately change its ranking.
What follows below are some numbers behind that conclusion and others reached based on modified loan-application register data. All combined numbers are pro forma as the acquisition has not closed, but it is expected to receive the regulatory approvals needed to do so in 2025.
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