8-KMaterial AgreementsFinancial Events

Rocket Companies, Inc. 8-K Report, Material Agreement (Sep 24, 2025)

Filed September 24, 2025For Securities:RKT

Summary

Rocket Companies, Inc. (RKT) has filed an 8-K detailing an amendment to its Master Repurchase Agreement (MRA) with UBS AG New York Branch. The key impact for investors is the extension of this agreement's expiration date from November 24, 2026, to September 16, 2027. This extension provides continued access to funding and demonstrates ongoing operational stability with a key financial partner. Furthermore, the amendment resulted in a slight increase in the company's total funding capacity. As of September 18, 2025, following the amendment, the total funding capacity across all agreements (including MRAs, credit lines, etc.) stands at $26.4 billion, up from $26.2 billion at the end of the second quarter of 2025. This modest growth in available capital is a positive indicator for RKT's liquidity and its ability to fund its mortgage origination and servicing operations.

Key Highlights

  • 1Extended Master Repurchase Agreement (MRA) with UBS AG New York Branch to September 16, 2027.
  • 2The MRA, originally dated November 4, 2022, has been amended for the sixth time.
  • 3Total funding capacity for Rocket Mortgage, LLC and One Reverse Mortgage, LLC increased slightly to $26.4 billion as of September 18, 2025.
  • 4This represents an increase from $26.2 billion reported as of June 30, 2025.
  • 5The amendment ensures continued access to financing for the company's operations.
  • 6The filing also includes Amendment No. 8 to the related Pricing Side Letter.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report an amendment to Rocket Companies' Master Repurchase Agreement (MRA) with UBS AG New York Branch, specifically extending the agreement's term and making other minor technical changes. It also serves to incorporate this information into the obligations disclosure.

Extending the MRA provides Rocket Companies with continued access to vital funding through its repurchase facilities. The extension to September 16, 2027, offers greater certainty regarding liquidity for its mortgage origination and servicing activities, demonstrating a stable relationship with a key financial partner.

Following the MRA amendment, Rocket Companies' total funding capacity, encompassing all master repurchase agreements, early funding facilities, unsecured lines of credit, MSR lines of credit, and early buy-out facilities, increased to $26.4 billion as of September 18, 2025. This is a slight increase from $26.2 billion at the end of the prior quarter (June 30, 2025).

The original Second Amended and Restated Master Repurchase Agreement was dated November 4, 2022. Amendment No. 6 to this agreement extends its expiration date from November 24, 2026, to September 16, 2027.