Regulatory Minimum Net Worth, Capital Ratio and Liquidity Requirements |
6 Months Ended |
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Jun. 30, 2026 | |
| Mortgage Banking [Abstract] | |
| Regulatory Minimum Net Worth, Capital Ratio and Liquidity Requirements | Regulatory Minimum Net Worth, Capital Ratio and Liquidity Requirements Certain secondary market investors and state regulators require the Company to maintain minimum net worth, liquidity and capital requirements. To the extent that these requirements are not met, secondary market investors and/or the state regulators may utilize a range of remedies including sanctions and/or suspension or termination of selling and servicing agreements, which may prohibit the Company from originating, securitizing or servicing these specific types of mortgage loans. Rocket Mortgage is subject to certain minimum net worth, capital ratio and liquidity requirements and risk-based capital ratio established by the FHFA for the GSEs Seller/Servicers and Ginnie Mae for single-family issuers. Additionally, refer to Note 6, Borrowings for information regarding compliance with all funding and financing facilities related covenant requirements. During the first quarter of 2026, Nationstar Mortgage was merged into Rocket Mortgage and is no longer subject to its own requirements. As of June 30, 2026 and December 31, 2025, we were in compliance with these requirements. Rocket Mortgage’s single-family servicing portfolios exceed $150 billion in UPB, therefore we are also required to obtain an external primary servicer rating or master servicing rating and long-term senior unsecured or long-term corporate family credit ratings from two different rating agencies. As of June 30, 2026 and December 31, 2025, we were in compliance with these requirements. The most restrictive of these regulatory requirements requires the Company to maintain a minimum net worth of approximately $3,500, minimum liquidity of approximately $1,500 and minimum capital/leverage ratio and risk-based capital ratio of 6% as of June 30, 2026. As of June 30, 2026 and December 31, 2025, we were in compliance with these requirements.
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