Reported 1 day ago
Varun Krishna, CEO of Rocket Companies, has initiated an aggressive acquisition strategy totaling over $11 billion, including the $9.4 billion purchase of Mr. Cooper to enhance its position in the mortgage servicing sector. Despite a drop in Rocket's stock price, Krishna remains optimistic about creating a seamless homeownership experience and notes improving trends in the housing market, impacted by factors like Trump's tariffs and fluctuating mortgage rates. He anticipates substantial revenue and cost benefits from the acquisitions.
Source: YAHOO