Overview

• The FHFA authorized Fannie Mae and Freddie Mac to approve the acquisition on the condition that each enforces strict 20% counterparty concentration limits with added financial and operational safeguards.
• The combined servicer would manage about $2.1 trillion across nearly 10 million loans, equating to roughly one in six U.S. mortgages.
• KBW estimates the merged firm at about 13% of owned GSE servicing, with overall exposure potentially near 20% when subservicing is included.
• Rocket said it still targets a fourth-quarter 2025 close and noted it recently completed its $1.75 billion Redfin purchase as part of its broader platform strategy.
• A federal judge allowed a lawsuit tied to Mr. Cooper’s 2023 data breach to proceed this month, introducing legal uncertainty as approvals advance.