Brookfield has more than $1.0 trillion in assets under management across a variety of sectors.

Rocket’s long-term issuer default rating could be downgraded due to elevated corporate leverage.

Last week rumors were circulating in the industry that a top-ranked nonbank was about to be sold, but the name being floated was not Mr. Cooper.

One servicing advisor said he has “deals in progress,” just not as many as this time last year.

“The CDFI Fund is a targeted, accountable and impactful program that enables private capital to do more for more Americans,” industry trade groups wrote.

Officials at Rocket suggested that the combined companies could greatly reduce costs for homebuyers.

Rate bought Advocus — then known as Attorneys’ Title Guaranty Fund — in April 2022 for an undisclosed sum.

The rebrand included an ad during the Super Bowl.

The rescinded AFFH rule had set fair housing obligations for certain recipients of HUD funding.

At yearend, UWM owned roughly $229.5 billion of MSRs.