The Federal Housing Finance Agency, acting as conservator of Fannie Mae and Freddie Mac, allowed both enterprises to approve Rocket Companies’ proposed acquisition of Mr. Cooper Group, subject to conditions intended to preserve the enterprises’ safety and soundness. A supervisory review assessed the merger of two of the enterprises’ largest individual seller-servicer counterparties and supported permitting the combined entity to continue doing business with them, provided Fannie Mae and Freddie Mac each maintain counterparty concentration risk limits of 20% and apply additional financial and operational safeguards. The agency stated that no market participant should have more than 20% of either enterprise’s servicing market.
Federal Housing Finance Agency 2025-08-26
US Federal Housing Finance Agency allows Fannie Mae and Freddie Mac to approve Rocket Companies’ acquisition of Mr. Cooper subject to 20% counterparty concentration limits
The Federal Housing Finance Agency approved Rocket Companies' acquisition of Mr. Cooper Group, with conditions to ensure the safety and soundness of Fannie Mae and Freddie Mac. The merger of these major seller-servicer counterparties is permitted, provided each enterprise maintains a 20% counterparty concentration risk limit and implements additional safeguards. No participant can exceed 20% of either enterprise's servicing market.