Accessibility StatementSkip Navigation DETROIT, Sept. 30, 2025 /PRNewswire/ --Â Rocket Companies, Inc. (NYSE: RKT) (the "Company" or "Rocket Companies"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, announced today the expiration and final results of its previously announced offers to exchange and consent solicitations (collectively, the "Exchange Offers and Consent Solicitations") for the $750.0 million aggregate principal amount of outstanding ...

Core Viewpoint - Rocket Companies, Inc. has announced the expiration and final results of its tender offers and consent solicitations for the outstanding senior notes of Nationstar Mortgage Holdings Inc., indicating a significant level of participation from noteholders [1][2]. Group 1: Tender Offers and Results - The tender offers for the 5.125% Senior Notes due 2030 and 5.750% Senior Notes due 2031 expired on September 30, 2025, with no tenders submitted after the expiration date being valid [1]. - As of the expiration date, $574.308 million of the 2030 Notes were validly tendered, representing approximately 88.36% of the outstanding amount, while $535.765 million of the 2031 Notes were validly tendered, representing approximately 89.29% of the outstanding amount [2]. Group 2: Settlement and Pricing - The company has accepted for purchase the validly tendered notes, with the settlement date expected on October 1, 2025, contingent upon the closing of the Mr. Cooper Acquisition [3]. - Eligible holders who tendered their notes before the early tender deadline received a repurchase price of $1,012.50 per $1,000 of principal amount, while those who tendered after the early deadline received $962.50 per $1,000 [4]. Group 3: Amendments and Consents - On the early tender deadline, sufficient consents were received to amend the indentures governing the notes, which included eliminating the requirement for a "Change of Control" offer and substantially all restrictive covenants [5]. - A supplemental indenture was executed to effect these proposed amendments, which became operative upon acceptance of the applicable series of notes [5]. Group 4: Transaction Management - J.P. Morgan Securities LLC acted as the dealer manager for the tender offers, while D.F. King & Co., Inc. served as the depositary and information agent [6]. - Questions regarding the tender offers should be directed to the dealer manager or the depositary for further assistance [6].

Core Insights - The national home price growth is projected to average 2.4% in 2025 and 2.1% in 2026, following a growth of 5.3% in 2024, according to the Q3 2025 Fannie Mae Home Price Expectations Survey [1] - The latest estimates represent a downward revision from previous expectations of 2.9% for 2025 and 2.8% for 2026 [1] Group 1: Home Price Forecasts - A panel of over 100 housing experts provided forecasts for national home price changes, indicating a deceleration in growth rates [1][4] - The Fannie Mae Home Price Index (FNM-HPI) serves as the benchmark for these forecasts [4] Group 2: Survey Details - The Q3 2025 HPES included 114 respondents and was conducted between August 11, 2025, and August 25, 2025 [4] - The survey also explored factors influencing home price deceleration and the mortgage rate levels that could significantly impact home sales activity [1]

Core Insights - KBRA has assigned preliminary ratings to three classes of FREMF Series 2025-K172 mortgage pass-through certificates and three classes of Freddie Mac structured pass-through certificates (SPCs), Series K-172 [1] - FREMF 2025-K172 represents a $1.2 billion CMBS multi-borrower transaction [1] - Freddie Mac will guarantee five classes of certificates issued in the underlying Series 2025-K172 securitization and will deposit the guaranteed underlying certificates [1]

Core Insights - Fannie Mae's August 2025 Monthly Summary report is now available, detailing the company's activities in the mortgage sector [1] Group 1: Monthly Activities - The report includes information on Fannie Mae's gross mortgage portfolio, mortgage-backed securities, and other guarantees [1] - It provides insights into interest rate risk measures and serious delinquency rates [1]

Group 1: New CHRO Appointments - Kimberly-Clark appointed Stacey Valy Panayiotou as CHRO, emphasizing her commitment to high-performing and caring cultures [2] - Uno Minda welcomed Garima Garg as CHRO, highlighting her experience in HR and her goal to enhance the company's cultural DNA for growth [3] - Consumers Energy named Shannon Thomas as SVP and CPO, with a focus on aligning people strategy with long-term company priorities [4] - Hero Motocorp announced Madhuri Mehta as CHRO, recognizing her leadership experience and role in fostering an empowering workplace culture [5] - Equity Prime Mortgage appointed Anjanette Valenta as chief people officer, noting her transformational impact since joining [6]

[Music] That's the closing bell on Wall Street and now it's market domination overtime. We're giving you full coverage of all the moves to get you up to speed on the action from today's trade. Guy who finances Jared Blickery joining us here to break it all down.Jared, thank you Josh. Nice comeback Friday. We're seeing a lot of green on our screen here at least in terms of the major averages.We'll start with the NASDAQ up about 100 points or 4/10en of 1%. Here's the day's price action. We had a little green, ...

Core Point - Fannie Mae board member Karin Kimbrough resigned from her position on September 22 [1] Company Summary - The resignation of Karin Kimbrough marks a change in the leadership structure of Fannie Mae [1]

Group 1: Mortgage Rates - Mortgage rates increased for the first time since mid-July, with the average rate on a 30-year fixed mortgage rising to 6.3% from 6.26% last week [1] - The average rate on a 15-year fixed mortgage also rose to 5.49% from 5.41% last week [4] - Despite the recent uptick, mortgage rates remain near 11-month lows, providing opportunities for buyers and homeowners considering refinancing [5] Group 2: Housing Market Activity - Housing market activity remains robust, with purchase applications increasing by 18% and refinance applications rising by 42% compared to the same time last year [4] - Sales of new U.S. single-family homes surged to the highest level in over 3.5 years in August, although this may not accurately reflect the housing market's health [7] - Economists noted that the increase in new home sales was unexpected and may be reversed in the coming months due to volatile data and subdued homebuilder sentiment [9][10] Group 3: Economic Context - The Federal Reserve recently cut the benchmark interest rate by 25 basis points, bringing the federal funds rate to a new range of 4% to 4.25% [6] - The rate cut follows a period of economic uncertainty, during which the Fed left rates unchanged at its first five meetings of the year [6] - The current rate environment is seen as beneficial for affordability, despite only 28% of U.S. homes being affordable for the typical American household [5]

Core Viewpoint - Freddie Mac is auctioning approximately $487 million in non-performing loans (NPLs) to reduce less-liquid assets in its mortgage-related investments portfolio [1][5]. Group 1: Auction Details - The NPLs are being marketed through five pools: four Standard Pool Offerings (SPO) and one Extended Timeline Pool Offering (EXPO) [2]. - Bids for the SPO pools are due by October 16, 2025, and for the EXPO pool by October 30, 2025 [2]. Group 2: Bidding Process - Potential bidders must be approved by Freddie Mac and complete a qualification package to access the secure data room for bidding [3]. - Bids must be made on an all-or-none basis for each pool, with the winning bidder determined based on the economics of the bids and Freddie Mac's internal reserve levels [3]. Group 3: Advisory and Historical Context - BofA Securities, Inc. and First Financial Network, Inc. are the advisors to Freddie Mac for this transaction [4]. - Since 2011, Freddie Mac has sold $10.7 billion of NPLs and securitized approximately $81.3 billion of re-performing loans (RPLs) [5].