Rocket Companies (NYSE: RKT) extends UBS master repurchase agreement to 2027

Rhea-AI Filing Summary

Rocket Companies, Inc. reported that its mortgage subsidiary Rocket Mortgage, LLC and One Reverse Mortgage, LLC entered into Amendment No. 6 to their Second Amended and Restated Master Repurchase Agreement with UBS AG New York Branch. The amendment extends the repurchase facility’s expiration date from November 24, 2026 to September 16, 2027 and makes certain technical changes to the existing agreement.

After this amendment and a related pricing side letter, Rocket’s total funding capacity across all master repurchase agreements, early funding facilities, unsecured lines of credit, MSR lines of credit, and early buyout facilities was $26.4 billion. This compares with $26.2 billion as of June 30, 2025 and $27.5 billion as of December 31, 2024, giving context for the company’s available mortgage funding lines.

Insights

Mortgage finance & capital markets analyst

Rocket marginally extends funding capacity and term in a routine move.

Rocket Mortgage and One Reverse Mortgage have extended their UBS master repurchase facility maturity from November 24, 2026 to September 16, 2027. Repurchase facilities are key short-term funding sources that allow mortgage lenders to finance loans before they are sold or securitized, so extending the term helps maintain access to this funding channel.

Following this amendment and a related pricing side letter, total funding capacity across Rocket’s warehouse and credit facilities is disclosed at $26.4 billion, versus $26.2 billion as of June 30, 2025 and $27.5 billion as of December 31, 2024. The small change suggests broadly stable access to liquidity rather than a major shift. Actual usage, pricing under the amended terms, and future capacity changes would be observable only in subsequent filings and operating results.

8-K Event Classification

2 items: 1.01, 2.03

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Understanding 8-K Material Events →

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			UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549
			FORM 8-K
			CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
			Date of report (Date of earliest event reported) September 18, 2025
			Rocket Companies, Inc.
			(Exact name of registrant as specified in its charter)
Delaware			001-39432			84-4946470
(State or other jurisdiction			(Commission			(I.R.S. Employer
of incorporation)			File Number)			Identification No.)
			1050 Woodward Avenue
			Detroit, MI 48226
			(Address of principal executive offices) (Zip Code)
			(313) 373-7990
			(Registrant’s telephone number, including area code)
			(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Class A common stock, par value $0.00001 per share

RKT

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

UBS Master Repurchase Agreement

On September 18, 2025, Rocket Mortgage, LLC (the "Company"), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., as a seller, One Reverse Mortgage, LLC (the "One Reverse Seller" and collectively with the Company, the "Sellers"), a Delaware limited liability company and indirect subsidiary of Rocket Companies, Inc., and UBS AG New York Branch (the "Buyer") entered into Amendment No. 6 to the Second Amended and Restated Master Repurchase Agreement (the "MRA Amendment") and related Amendment No. 8 to Pricing Side Letter, which extended the expiration date of the existing second amended and restated master repurchase agreement, dated as of November 4, 2022, as amended, by and between the Sellers and the Buyer (the "Existing Second Amended and Restated Master Repurchase Agreement"), from November 24, 2026 to September 16, 2027 and effectuated certain other technical changes to the Existing Second Amended and Restated Master Repurchase Agreement.

The foregoing description of the MRA Amendment does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the MRA Amendment, a copy of which will be filed with the quarterly report of Rocket Companies, Inc. on Form 10-Q for the period ending September 30, 2025.

Following the execution of the MRA Amendment and the related Amendment No. 8 to Pricing Side Letter, the total funding capacity of the Company, including pursuant to all master repurchase agreements, early funding facilities, unsecured lines of credit, MSR lines of credit, and early buy out facilities was $26.4 billion. This figure compares with $26.2 billion as of June 30, 2025 and $27.5 billion as of December 31, 2024.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information contained in Item 1.01 above is hereby incorporated in this Item 2.03 by reference.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 24, 2025

ROCKET COMPANIES, INC.

By:

/s/ Noah Edwards

Name:

Noah Edwards

Title:

Chief Accounting Officer

FAQ

What agreement did Rocket Companies (RKT) update with UBS?

Rocket Mortgage, LLC and One Reverse Mortgage, LLC entered into Amendment No. 6 to their Second Amended and Restated Master Repurchase Agreement with UBS AG New York Branch, along with a related pricing side letter.

How did the UBS master repurchase amendment change Rocket’s facility term?

The amendment extended the expiration date of the existing master repurchase agreement from November 24, 2026 to September 16, 2027, lengthening the period over which Rocket can use this funding line.

What is Rocket Companies’ total funding capacity after the UBS amendment?

Following the amendment and pricing side letter, Rocket’s total funding capacity across all master repurchase agreements, early funding facilities, unsecured lines of credit, MSR lines of credit, and early buyout facilities was $26.4 billion.

How does Rocket’s current funding capacity compare to prior periods?

Total funding capacity of $26.4 billion is compared to $26.2 billion as of June 30, 2025 and $27.5 billion as of December 31, 2024, indicating relatively stable overall capacity.

Which Rocket Companies subsidiaries are parties to the UBS repurchase agreement?

The parties are Rocket Mortgage, LLC and One Reverse Mortgage, LLC as sellers, both indirect subsidiaries of Rocket Companies, Inc., and UBS AG New York Branch as buyer.

Where can investors find the full text of the UBS MRA amendment for Rocket Companies?

The company states that the full text of the MRA Amendment will be filed with Rocket Companies, Inc.’s Form 10-Q for the period ending September 30, 2025.