Rocket Companies Inc.
Rocket Companies, Inc. Extends and Increases Morgan Stanley MRA by $500M
Summary
On December 26, 2024, Rocket Mortgage, LLC extended its Master Repurchase Agreement (MRA) with Morgan Stanley Bank, N.A., increasing the facility amount from $1.0 billion to $1.5 billion and extending the expiration date from May 6, 2026 to December 23, 2026. This amendment has increased Rocket Companies, Inc.'s total funding capacity to $27.5 billion as of December 26, 2024.
Profitelligence Alerts
Get alerts for RKT
Be first to know when Rocket Companies Inc. files with the SEC.
Filing Categories
Advertisement
About Rocket Companies Inc.
Rocket Companies Inc. is a leading fintech firm specializing in the financial services sector, particularly focusing on technology-driven mortgage lending and consumer financial solutions. The company is best known for its flagship brand, Rocket Mortgage, which revolutionizes the mortgage industry with its innovative online lending platform, allowing consumers to obtain home loans transparently and efficiently. This digital approach ensures a streamlined application process, enhancing customer experience by leveraging advanced data analytics and automated systems. Rocket Companies services a wide client base, encompassing individual homebuyers and real estate investors, significantly impacting residential real estate markets. Based in Detroit, Michigan, Rocket Companies has built a vast network through its digital-first business model, supporting home equity and personal loans, thereby playing a critical role in the modern real estate financing landscape. By doing so, the firm not only facilitates homeownership but also drives technological advancement within the financial services ecosystem, reflecting a broader trend towards digitization in the mortgage industry.
Official SEC Documents
Advertisement