Acquisitions (Tables)

6 Months Ended

Jun. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Preliminary Purchase Price Allocation and Identifiable Intangible Assets Acquired

The following table summarizes the purchase price allocation to our Condensed Consolidated Balance Sheets as of the acquisition date:


	Fair Value
Assets acquired
Cash and cash equivalents	$	173
Mortgage loans held for sale	165
Derivative assets	5
MSRs	2
Property and equipment	12
Intangible assets	881
Other assets	223
Total assets acquired	$	1,461
Liabilities assumed
Secured financing	$	158
Unsecured financing	526
Derivative liabilities	2
Accounts payable and Other liabilities	266
Total liabilities assumed	$	952
Net identifiable assets acquired	$	509
Goodwill	1,233
Total consideration transferred	$	1,742

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the acquisition date:


	Fair Value		Useful Life
Developed technology and other	$	356	4 years
Trade name	350		5 years
Customer relationships	175		4 - 6 years
Intangible assets acquired	$	881

The following table summarizes the preliminary purchase price allocation to our Condensed Consolidated Balance Sheets as of the acquisition date:


	Fair Value
Assets acquired
Cash and cash equivalents	$	684
Mortgage loans held for sale	2,720
Derivative assets	116
MSRs	11,604
Advance receivables, net	1,043
Property and equipment	50
Loans subject to repurchase right from Ginnie Mae	1,423
Intangible assets	1,438
Other assets	800
Total assets acquired	$	19,878
Liabilities assumed
Secured financing	$	6,461
Unsecured financing	1,956
Derivative liabilities	71
Loans subject to repurchase right from Ginnie Mae	1,423
Accounts payable and Other liabilities	1,245
Total liabilities assumed	$	11,156
Net identifiable assets acquired	$	8,722
Goodwill	8,251
Total consideration transferred	$	16,973

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the acquisition date:


	Fair Value		Useful Life
Customer relationships	$	1,175	7 years
Developed technology	250		3 years
Trade name	13		0.25 years
Intangible assets acquired	$	1,438

Schedule of Pro Forma Information

The following unaudited pro forma financial information summarizes the combined results of operations for Rocket, Redfin, and Mr. Cooper, as if the Acquisitions had both been consummated on January 1, 2024. The unaudited pro forma financial information was as follows:


	Three Months Ended June 30, 2025		Six Months Ended June 30, 2025
	(Unaudited)
Total revenue, net	$	2,564	$	4,645
Net income (loss)	$	151	$	(73)