Rocket Makes HUGE Bid For Mr. Cooper! What It Means For Mortgage Industry and How It Is Bad For Consumers!

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss two of the biggest company's in the industry coming together. Today's article comes from Bankrate.com "Two major mortgage players to merge: What should borrowers know?" The two company's are Rocket Companies (Rocket Mortgage) and Mr. Cooper (a very large servicer), and side note: Rocket Companies also just acquired Redfin. 

This is a big move in our very fragmented industry. They are trying to rollout an end to end experience for a homebuyer. But this may not provide the buyer with the best experience, remember, convenience comes at a cost. 

Listen in as we discuss this and more! 
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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. 

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. 

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.