What does UWM’s Mat Ishbia think about Rocket Companies‘ pending $9.4 billion deal for Mr. Cooper?

“The truth is, it’s fantastic,” he said on a Wednesday morning sales call with broker partners. “Because sometimes if you think someone is someone, and you don’t really know, and then you see who they really are, it’s very clear.”

Ishbia said he had “no ill will” toward Rocket and respects their strategy. “But it’s not good for brokers.”

Their business is to “dominate” the market, “take” real estate agents’ business, “buy Redfin” and acquire new businesses “behind their back.”

“Let’s take details ⇒

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