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flag Rocket Companies acquires Mr. Cooper for $9.4 billion, controlling one in six U.S. mortgages.

flag Rocket Companies is acquiring Mr. Cooper Group in a $9.4 billion all-stock deal, creating a mortgage giant representing one in six U.S. mortgages. flag The merger will expand Rocket's client base by 7 million and aims to lower client acquisition costs while boosting loan volumes. flag Rocket shareholders will own about 75% of the combined company, which will have a $2.1 trillion servicing portfolio. flag This follows Rocket's recent acquisition of real estate listing company Redfin.

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