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Private company

Maverick Merger Sub 2, LLC

Maverick Merger Sub 2, LLC is an American finance services company, incorporated in Delaware.1 It is headquartered in Coppell, Texas.1

Last updated Oct 21, 2026.

Overview

  • IndustryFinance Services1
  • HeadquartersCoppell, Texas1
  • Incorporated inDE2
  • Business address8950 Cypress Waters Blvd., Coppell, Tx 750192
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

30.1%Net margin4
24.0%Revenue growth, 20244
13.9%Return on equity4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs60¢$1.3B
  • Income tax10¢$232.0M
  • Profit30¢$669.0M

Out of $2.2B in revenue.4

Financial statements

Revenue5674$2.2B in 2024+15% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $1.9B$1.9B20192020: $2.7B$2.7B2020+40%2021: $3.3B$3.3B2021+23%2022: $2.5B$2.5B2022−26%2023: $1.8B$1.8B2023−27%2024: $2.2B$2.2B2024+24%
Net income564$669.0M in 2024+144% since 2019
0$500.0M$1.0B$1.5B2019: $274.0M$274.0M20192020: $305.0M$305.0M2020+11%2021: $1.5B$1.5B2021+377%2022: $923.0M$923.0M2022−37%2023: $500.0M$500.0M2023−46%2024: $669.0M$669.0M2024+34%
Fiscal year2018201920202021202220232024
Revenue$1.9B5$2.7B6$3.3B7$2.5B4$1.8B4$2.2B4
Operating expenses$1.7B7$1.3B4$1.2B4$1.3B4
Operating income
Interest$543.0M5$528.0M6$478.0M7$424.0M7$537.0M7
Income before tax$1.9B7$1.2B4$654.0M4$901.0M4
Income tax-$278.0M5$93.0M6$471.0M7$291.0M4$154.0M4$232.0M4
Net income$274.0M5$305.0M6$1.5B6$923.0M6$500.0M4$669.0M4
Earnings per share$2.995$3.316$17.247$12.844$7.464$10.404
Earnings per share (diluted)$2.955$3.206$16.537$12.504$7.304$10.194
Shares (weighted, basic)82.2M shares771.9M shares467.1M shares464.3M shares4
Shares (weighted, diluted)85.8M shares773.8M shares468.5M shares465.7M shares4

Compare Maverick Merger Sub 2, LLC with another company

Corporate structure

Maverick Merger Sub 2, LLC sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Maverick Merger Sub 2, LLC

  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Maverick Merger Sub 2, LLC, latest Jul 29, 2025 (5 filings since Feb 10, 2022)
  • BlackRock Filed SCHEDULE 13G/A on Maverick Merger Sub 2, LLC, latest Jul 17, 2025 (7 filings since Jan 26, 2022)
  • COOPERMAN LEON G Filed SC 13G/A on Maverick Merger Sub 2, LLC, latest Mar 28, 2022 (2 filings since Feb 14, 2022)
  • Maverick Merger Sub 2, LLC Coppell, Texas
    • Nationstar Mortgage Holdings Inc. Subsidiary · Delaware, United States
    • Nationstar Mortgage LLC Subsidiary · Delaware, United States
    • Nationstar Sub1 LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Maverick Merger Sub 2, LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$157.0M4 Dec 31, 2024$141.0M4 Dec 31, 2023+11.3%
Operating-lease assets (leased space)$44.0M4 Dec 31, 2024$72.0M4 Dec 31, 2023−38.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$753.0M4 Dec 31, 2024$571.0M4 Dec 31, 2023+31.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$141.0M4 Dec 31, 2024$141.0M4 Dec 31, 20230%
Finite-lived intangibles, gross$213.0M4 Dec 31, 2024$108.0M4 Dec 31, 2023+97.2%
Accumulated amortization$94.0M4 Dec 31, 2024$80.0M4 Dec 31, 2023+17.5%
Finite-lived intangibles, net$119.0M4 Dec 31, 2024$28.0M4 Dec 31, 2023+325.0%

Properties, in its own words

We lease and maintain our principal executive office in one building totaling approximately 176,000 square feet in Coppell, Texas. Our business operations and support offices are in leased facilities in various other locations in the United States, as well as locations in India. Our locations in the United States include (i) Texas and California, which houses our Servicing and Originations segments, and (ii) Arizona, Michigan, Florida, and Colorado, which house the remainder of our Servicing segment. Our India locations include Chennai and Bengaluru, which supports our Servicing and Originations segments, as well as corporate functions. We believe that our facilities are adequate for our current requirements and are being appropriately utilized. We periodically review our space requirements, and we believe we will be able to acquire new space and facilities as and when needed on reasonable terms. We also look to consolidate and dispose of facilities we no longer need, as and when appropriate.

Item 2 of the 10-K filed Feb 20, 2025.13

Leadership

Who has led Maverick Merger Sub 2, LLC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Alan H. Fishman2008
  2. William C. Gallagher2015–2018
  3. Jesse K. Bray2018
  4. Rayman K. Mathoda2018–2019
  5. Michael R. Rawls2020–now

President

  1. Stephen J. Rotella2006–2008
  2. Thomas L. Fairfield2018
  3. Jesse K. Bray2018–2021
  4. Christopher G. Marshall2022–2023
  5. Michael S. Weinbach2024–now

Chief financial officer

  1. Thomas W. Casey2006–2008
  2. John A. Maciel2008
  3. Timothy Jaeger2012
  4. Amar R. Patel2018–2019
  5. Christopher G. Marshall2019–2022
  6. Jaime Gow2022–2023
  7. Kurt G. Johnson2023–now

Chief operating officer

  1. Stephen J. Rotella2006–2008
  2. Thomas L. Fairfield2018
  3. Anthony L. Ebers2018–2021
2010201520202025
Board members and other officers (61)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Nationstar Mortgage Holdings Inc. Delaware3
  • Nationstar Mortgage LLC Delaware3
  • Nationstar Sub1 LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Mr. Cooper Group Inc.Oct 10, 2018 to Oct 1, 20252
  • WMIH CORP.May 13, 2015 to Sep 14, 20182
  • WMI HOLDINGS CORP.Jan 25, 2012 to May 8, 20152
  • WASHINGTON MUTUAL, INCSep 19, 2006 to Mar 20, 20122
  • WASHINGTON MUTUAL INCMar 29, 1995 to Oct 12, 20062

Timeline

  1. Oct 1, 20258-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation87
  2. Sep 22, 20258-K Other events88
  3. Sep 19, 20258-K Other events89
  4. Sep 3, 20258-K Shareholder vote; Other events90
  5. Aug 22, 20258-K Other events91
  6. Jul 23, 20258-K Results of operations92
  7. Jun 9, 20258-K Other events93
  8. May 22, 20258-K Shareholder vote94
  9. Apr 23, 20258-K Results of operations95
  10. Apr 1, 20258-K Entered a material agreement; Executive or director change96
  11. Mar 31, 20258-K Regulation FD disclosure; Other events97
  12. Feb 12, 20258-K Results of operations98
  13. Mar 3, 2020New chief executive Michael R. Rawls becomes CEO14
  14. Aug 23, 2018New chief executive Rayman K. Mathoda becomes CEO16
  15. Aug 9, 2018New chief executive Jesse K. Bray becomes CEO15
  16. May 19, 2015New chief executive William C. Gallagher becomes CEO17
  17. Sep 12, 2008New chief executive Alan H. Fishman becomes CEO18

Calendar

When it reported results

  1. Jul 23, 2025Reported quarterly or annual results92
  2. Apr 23, 2025Reported quarterly or annual results95
  3. Feb 12, 2025Reported quarterly or annual results98
  4. Oct 23, 2024Reported quarterly or annual results99
  5. Jul 25, 2024Reported quarterly or annual results100
  6. Apr 24, 2024Reported quarterly or annual results101
  7. Feb 9, 2024Reported quarterly or annual results102
  8. Jan 29, 2024Reported quarterly or annual results103

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

310 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 59 major events, 135 insider forms, 14 large holders, 86 other. The latest 20:

  1. Nov 17, 2025EFFECT EDGAR
  2. Nov 17, 2025EFFECT EDGAR
  3. Nov 17, 2025EFFECT EDGAR
  4. Nov 17, 2025EFFECT EDGAR
  5. Nov 17, 2025EFFECT EDGAR
  6. Nov 17, 2025EFFECT EDGAR
  7. Nov 17, 2025EFFECT EDGAR
  8. Nov 17, 2025EFFECT EDGAR
  9. Nov 17, 2025EFFECT EDGAR
  10. Nov 17, 2025EFFECT EDGAR
  11. Nov 17, 2025EFFECT EDGAR
  12. Oct 14, 202515-12G EDGAR
  13. Oct 3, 20254 EDGAR
  14. Oct 3, 20254 EDGAR
  15. Oct 3, 20254 EDGAR
  16. Oct 3, 20254 EDGAR
  17. Oct 3, 20254 EDGAR
  18. Oct 3, 20254 EDGAR
  19. Oct 3, 20254 EDGAR
  20. Oct 3, 20254 EDGAR

The 310 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

53 open-market trades by officers, directors and large owners since October 2021: 1 buys and 52 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 2, 2025Bray Jesse KChief Executive OfficerSale30,000$182.43$5.5MForm 4
Aug 1, 2025Bray Jesse KChief Executive OfficerSale30,000$174.72$5.2MForm 4
Jul 1, 2025Bray Jesse KChief Executive OfficerSale30,000$152.14$4.6MForm 4
Jun 2, 2025Bray Jesse KChief Executive OfficerSale30,000$126.81$3.8MForm 4
May 1, 2025Bray Jesse KChief Executive OfficerSale30,000$120.14$3.6MForm 4
Apr 1, 2025Bray Jesse KChief Executive OfficerSale30,000$123.49$3.7MForm 4
Mar 3, 2025Bray Jesse KChief Executive OfficerSale30,000$112.24$3.4MForm 4
Feb 3, 2025Bray Jesse KChief Executive OfficerSale30,000$102.60$3.1MForm 4
Jan 2, 2025Bray Jesse KChief Executive OfficerSale30,000$94.49$2.8MForm 4
Dec 2, 2024Bray Jesse KChief Executive OfficerSale30,000$97.58$2.9MForm 4
Nov 1, 2024Bray Jesse KChief Executive OfficerSale30,000$88.41$2.7MForm 4
Oct 1, 2024Bray Jesse KChief Executive OfficerSale30,000$90.99$2.7MForm 4
Aug 29, 2024Bray Jesse KChief Executive OfficerSale25,000$92.57$2.3MForm 4
Jul 29, 2024Bray Jesse KChief Executive OfficerSale25,000$92.12$2.3MForm 4
Jun 28, 2024Bray Jesse KChief Executive OfficerSale25,000$80.93$2.0MForm 4
May 29, 2024Bray Jesse KChief Executive OfficerSale25,000$81.42$2.0MForm 4
May 7, 2024Rawls Michael REVP & CEO-XomeSale27,000$82.18$2.2MForm 4
Apr 29, 2024Bray Jesse KChief Executive OfficerSale25,000$78.79$2.0MForm 4
Mar 28, 2024Bray Jesse KChief Executive OfficerSale25,000$78.09$2.0MForm 4
Feb 29, 2024Bray Jesse KChief Executive OfficerSale25,000$71.61$1.8MForm 4

All 53 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Jay Bray58$1.0M$13.6M107
2024Christopher Marshall$750.0K$8.1M107
2024Michael Weinbach$2.0M$5.8M107
2024Kurt Johnson$500.0K$3.5M107
2024Michael Rawls$450.0K$2.6M107
2024Carlos Pelayo$430.0K$1.5M107
2023Chairman & Chief Executive Officer$1.0M$30.3M107
2023Former ViceChairman & Former President$750.0K$8.6M107
2023Executive VicePresident & Chief Financial Officer$478.8K$2.3M107
2022Chairman & Chief Executive Officer$1.0M$10.8M107
2022Former ViceChairman & Former President$750.0K$6.4M107
2022Executive VicePresident & Chief Financial Officer$385.6K$1.4M107

SEC filer profile

How Maverick Merger Sub 2, LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMaverick Merger Sub 2, LLC1
  • CIK0000933136
  • Employer ID (EIN)91-165372513
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company13
  • Incorporated inDelaware13
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address8950 Cypress Waters Blvd., Coppell, TX 750191
  • Phone469-549-20001
  • Shares outstanding63,993,269 as of Jul 18, 20259
  • Public float$5.2B as of Jun 28, 202413
  • AuditorErnst & Young LLP, Dallas, Texas PCAOB ID 42; it also attests to the company’s internal control over financial reporting13
  • On EDGAR sinceJan 25, 19951
  • Filings2,369 in all: 4 (982), 8-K (499), 10-Q (78), 3 (72), 425 (69), DEFA14A (64), SC 13G/A (59), 5 (41)1
    All 72 form types

    424B3 (40), 8-K/A (26), DEF 14A (26), SC 13G (26), 10-K (25), 4/A (24), POS AM (24), EFFECT (21), 144 (20), CORRESP (18), S-8 POS (17), UPLOAD (15), 424B5 (14), S-4/A (14), S-3 (13), 11-K (10), S-8 (10), SC TO-I/A (10), 424B2 (9), S-4 (9), SC 13D/A (9), D (8), 10-K/A (7), 15-12G (7), 8-A12B (7), NO ACT (7), 10-Q/A (6), ARS (6), PRE 14A (6), S-3/A (6), 25-NSE (5), FWP (5), SC 13D (5), SC TO-T/A (4), PRER14A (3), S-3ASR (3), SC TO-I (3), 3/A (2), 424B1 (2), 8-A12G (2), CERTNYS (2), DEFC14A (2), DEFM14A (2), SC TO-C (2), SCHEDULE 13G/A (2), T-3 (2), T-3/A (2), 10-C (1), 15-12B (1), 25 (1), 424B4 (1), 5/A (1), 8-A12B/A (1), 8-K12G3 (1), CERTNAS (1), DEFR14A (1), DFAN14A (1), N-30D (1), NT 10-Q (1), POSASR (1), PREM14A (1), RW (1), S-4 POS (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Feb 20, 2025
    Quarterly report (10-Q) Jul 23, 2025
    Proxy statement (DEF 14A) Apr 10, 2025
    Latest 8-K (8-K) Oct 1, 2025

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par value per shareCOOPThe Nasdaq Stock Market

From the cover page of the 10-K filed Feb 20, 2025 (Section 12(b) of the Exchange Act).13

Risk factors and legal proceedings

The risks Maverick Merger Sub 2, LLC names in Item 1A of its 10-K filed Feb 20, 2025: 42 risks under these headings, as written.13

  • Market, Financial Reporting, Credit and Liquidity Risks
  • Business & Operational Risks
  • General Business & Operational Risks
  • Regulatory, Compliance and Legal Risks
  • Risks Related to Owning our Stock
  • Our revenues in Originations and Servicing are highly dependent on macroeconomic and U.S. residential real estate market conditions.
  • Our earnings may decrease because of changes in prevailing interest rates and/or declines in home prices.
  • A disruption in the secondary home loan market, including the MBS market, could have a detrimental effect on our business.
  • We may be unable to obtain sufficient capital to operate our business.
  • Our indebtedness may limit our financial and operating activities and our ability to incur additional debt to fund future needs.
  • We use financial models that rely heavily on estimates in determining the fair value of certain assets and liabilities, such as MSRs and MSR financing liabilities, and if our estimates or assumptions prove to be incorrect, it may affect our earnings.
  • We may not realize all of the anticipated benefits of previous or potential acquisitions and dispositions.
The other 35 risks
  • Our hedging strategies may not be successful in mitigating our risks associated with interest rates.
  • We have third-party credit, servicer and correspondent risks which could have a material adverse effect on our business, liquidity, financial condition and results of operation.
  • Changes in tax legislation and challenges from tax authorities may have an adverse impact on our financial condition.
  • We may not be able to fully utilize our NOLs, other tax carry forwards and certain built-in losses or deductions.
  • A significant increase in delinquencies for the loans that we own and service could have a material impact on our revenues, expenses and liquidity and on the valuation of our MSRs.
  • We may not be able to maintain or grow our business if we do not acquire MSRs or enter into additional subservicing agreements on favorable terms.
  • Some of the loans we service are higher risk loans, which are more expensive to service and may lead to liquidity challenges.
  • We are required to make servicing advances that can be subject to delays in recovery or may not be recoverable in certain circumstances.
  • Our counterparties may terminate our servicing rights and subservicing contracts.
  • We could have a downgrade in our servicer ratings.
  • We may not be able to maintain the volumes in our loan originations business, which would adversely affect our ability to replenish our servicing portfolio.
  • We may be required to indemnify or repurchase loans we sold, or will sell, if these loans fail to meet certain criteria or characteristics or under other circumstances.
  • We are highly dependent upon loan programs administered by Fannie Mae, Freddie Mac, the Federal Housing Administration, the Department of Veterans Affairs, the US Department of Agriculture and Ginnie Mae (collectively, the “Agencies”) to generate revenues through mortgage loan sales to institutional investors.
  • Our second lien originations have higher market risk.
  • Our Real Estate exchange business is impacted by delays in foreclosure sales, as well as economic slowdowns and recessions.
  • We may not be successful in implementing certain strategic initiatives.
  • Technology failures or cyber-attacks against us or our vendors could damage our business operations, and new laws and regulations could increase our costs.
  • Our capital investments in technology may not achieve anticipated returns.
  • We and our vendors have operations in India that could be adversely affected by changes in political or economic stability or by government policies.
  • Our vendor relationships subject us to a variety of risks.
  • We could have, appear to have or be alleged to have conflicts of interest with Xome.
  • Our risk management policies and procedures may not be effective.
  • Our business could suffer if we fail to attract, or retain, highly skilled employees and changes in our executive management team may be disruptive to our business.
  • Negative public opinion could damage our reputation and adversely affect our business.
  • Issues related to the development and use of artificial intelligence (AI) could give rise to legal and/or regulatory action, damage our reputation or otherwise materially harm our business.
  • Lapses in disclosure controls and procedures or internal control over financial reporting could materially and adversely affect our operations, profitability or reputation.
  • We operate within a highly regulated industry on federal, state and local levels and our business results are significantly impacted by the laws and regulations to which we are subject, as well as scrutiny from governmental or regulatory agencies.
  • We are subject to numerous legal proceedings, federal, state or local governmental examinations and enforcement investigations. Some of these matters are highly complex and slow to develop, and results are difficult to predict or estimate.
  • Unlike competitors that are national banks, we are subject to state licensing and operational requirements that result in substantial compliance costs.
  • Our business would be adversely affected if we lose our licenses.
  • We may incur increased litigation costs and related losses if a court overturns a foreclosure or if a loan we are servicing becomes subordinate to a Home Owners Association lien.
  • Residential mortgage foreclosure proceedings in certain states have been delayed due to lack of judicial resources and legislation, all of which could have a negative effect on our ability to liquidate loans timely and slow the recovery of advances and thus impact our earnings or liquidity.
  • Our common stock, and any other instruments treated as stock for purposes of Section 382, is subject to transfer restrictions under our Certificate of Incorporation which, if not complied with, could result in the forfeiture of such stock and related distributions.
  • Anti-takeover provisions in our Certificate of Incorporation and Amended and Restated Bylaws (“Bylaws”) and under Delaware law, as well as certain existing contractual arrangements, make a third-party acquisition of us difficult.
  • The market price of our common stock may decrease, and you may lose all or part of your investment.

Legal proceedings

We are routinely and currently involved in a number of legal proceedings, including, but not limited to, judicial, arbitration, regulatory and governmental proceedings related to matters that arise in connection with the conduct of our business. While it is not possible to predict the outcome of any of these matters, based on our assessment of the facts and circumstances, we do not believe any of these matters, individually or in the aggregate, will have a material adverse effect on our financial position, results of operations or cash flows. For a description of our material legal proceedings, see Note 19, Commitments and Contingencies in the Notes to Consolidated Financial Statements within Item 8. Financial Statements and Supplementary Data, of this Form 10-K.

The opening of Item 3, Legal Proceedings.13

Sources

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