Morning Roundup (3/31/25) – Rocket Acquires Mr. Cooper
| Good Morning! Today is Monday, March 31. President Trump is expected to announce more tariffs on America’s biggest trading partners. The White House abruptly fired two longtime career prosecutors without giving a reason. A Paris court found the French far-right leader Marine Le Pen guilty of embezzlement. The Mortgage Note Reports Rocket Acquisition: Rocket Companies is acquiring Mr. Cooper Group in an all-stock transaction valued at $9.4 billion. Swift Justice: Federal judges are pushing back against major changes at the government agencies that empower and protect homebuyers. |
| Quote Of The Day “Without a government guarantee, the GSEs have nothing… and America would lose one of its primary engines that has generated trillions of wealth for its citizens through homeownership.” Mario Ichaso, Wells Fargo Trading Strategist, In A Note To Clients |
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In other mortgage and housing news… Major Shakeup: Fannie and Freddie shares are up as Wall Street bets on their privatization, but housing experts say rates are guaranteed to soar when it happens. Crunch The Numbers: Fannie Mae now expects mortgage rates to end 2025 and 2026 at 6.3% and 6.2%, respectively. Save The Date: First American will host a webinar on April 16 covering the growing threat of deepfakes and how real estate professionals can help protect their customers. International Perspective: Barcelona has become a mirror for a broader affordable-housing crunch spreading rapidly across Europe and driving inequality. Popular Metros: Pricey coastal cities are regaining popularity as workers are called back to the office, but affordable Midwest suburbs still draw big attention. |