Rocket Companies, Inc. 8-K

What Happened

• Rocket Companies (via subsidiary Rocket Mortgage, LLC) announced on December 19, 2025 that it entered Amendment No. 9 to its Amended and Restated Master Repurchase Agreement (the “MRA Amendment”) with RCKT Mortgage SPE-A, LLC (seller) and Bank of America, N.A. (buyer). Rocket Mortgage, LLC signed as a guarantor. The MRA Amendment extends the Master Repurchase Agreement expiration from October 3, 2026 to December 17, 2027 and makes certain technical changes. The full amendment will be filed with Rocket’s Form 10‑K for the year ended December 31, 2025.

Key Details

• Amendment executed: December 19, 2025; new MRA expiration: December 17, 2027.
• Parties: Rocket Mortgage, LLC (guarantor), RCKT Mortgage SPE‑A, LLC (seller), Bank of America, N.A. (buyer).
• Reported total funding capacity (all repurchase agreements, early funding, unsecured lines, MSR lines, early buyout facilities) was $25.9 billion as of December 19, 2025 (vs. $26.4B on Sept 30, 2025 and $27.5B on Dec 31, 2024).
• The filing also lists Item 2.03 (creation of a direct financial obligation) and corrects a proxy filing date: the deadline for shareholder proposals under Rule 14a‑8 is January 29, 2026.

Why It Matters

• Extending the master repurchase agreement lengthens Rocket’s secured funding runway for mortgage originations and related activities, which is material to liquidity planning.
• The disclosed funding capacity ($25.9B) shows a modest decline versus prior periods — investors should note changes in available liquidity and facility usage over time.
• The proxy correction (deadline Jan 29, 2026) is important for shareholders who plan to submit proposals for the 2026 annual meeting.
• The company will file the full MRA Amendment in its 2025 Form 10‑K, which will provide complete contractual terms and any additional effects on funding or obligations.