Volume 2014 - Number 4
January 30, 2014
M&A Market for Franchise Deals Heats Up, PHH and Flagstar Could Change Hands
Its been several years since a top-10 ranked lender changed hands, but it could happen this year with speculation falling on PHH Mortgage and Flagstar Bancorp. Both firms own large servicing portfolios but have sold servicing strips while retaining a subservicing relationship with the consumer. Investment banking sources and competitors familiar with the two say a sale of either is...
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