3 Reasons to Buy Rocket Companies' Stock Like There's No Tomorrow

In addition, Rocket expects to close on its acquisition of Mr. Cooper Group this quarter. That deal will allow Rocket to expand its mortgage servicing business, which generates recurring cash flow and enables it to maintain long-term relationships with its customers. As of June 30, Rocket services 2.8 million loans with a total serviced unpaid principal balance of $609.2 billion. This acquisition will roughly quadruple Rocket's servicing balance to about $2.1 trillion.One major acquisition was Redfin, a res ...