Rocket Mortgage, a leading player in the mortgage industry, is making waves with its latest acquisition of Mr. Cooper in a significant all-stock deal worth $9.4 billion. This move comes shortly after Rocket Mortgage’s acquisition of Redfin, solidifying its position in the market. The merger is poised to create a powerhouse that will now handle one in six US mortgages, adding a whopping 7 million clients to Rocket’s already impressive portfolio. Jay Bray is slated to take the helm as President and CEO of the combined entity, with high expectations of increased loan volumes and decreased customer acquisition costs. This strategic move is expected to further cement Rocket Mortgage’s position as a key player in the mortgage industry, with a stronger foothold in the market.