Maverick Merger Sub 2, LLC: M&A transaction — Mr. Cooper completes $1.3B acquisition of Flagstar mortgage servicing & origination business

Maverick Merger Sub 2, LLC

Acquired assets include MSRs valued at $1.11B (Dec 2023), advances, and origination operations.
Acquired business generated $434M revenue and $83M net revenue after expenses in FY2023.
For nine months ended Sep 2024, revenue was $296M and net revenue $39M.
Deal closed Oct 31, 2024; this amendment files required financial statements only.
Purchase price of ~$1.3B cash, funded by Nationstar Mortgage LLC (Mr. Cooper subsidiary).

item 9.01 item 2.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Maverick Merger Sub 2, LLC completed an acquisition involving Flagstar Bank, N.A..

Action: acquisition
Counterparty: Flagstar Bank, N.A.

Exact text from the filing

ubservicing contracts, and third-party origination operations (the “Acquired Business”) from Flagstar Bank, N.A., a national banking association and a wholly owned subsidiary of Flagstar Financial, Inc.

View on SEC.gov

Browse all m&a transactions →

Source: SEC EDGAR

accession 0001171843-25-000270

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.