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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Short Takes: Morgan Stanley Dumps PHH Shares / Wells Fargo Doing Just Fine / What did the Megabank Do Wrong This Time? / Out of Character for Mulvaney? / Wells is Not Running a Charity / A Vote Against Being Socially Responsible / Envoy Sells TPO Unit to

April 10, 2018
Paul Muolo
In a nut shell, Wells argues it’s not running a charity (but of course) and that executive compensation is “designed to pay for performance and encourage long-term shareholder value.”
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Phoenix Capital Selling Fannie/Freddie/Ginnie Bulk MSRs

April 9, 2018
Paul Muolo
The conventional portion is top heavy with New York loans…
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MorVest Selling Almost $2 Billion of Fannie/Freddie Servicing Rights

April 6, 2018
Paul Muolo
MorVest CEO David Fleig said publicly announced bulk auctions have been scarce of late, but he expects that to change…
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Fannie’s ‘Servicing Marketplace’ Off to a Strong Start

April 6, 2018
Carisa Chappell
Fannie has roughly 50 lenders using the servicing marketplace…
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Blackstone’s Finance of America Buys Skyline Lending; It’s Unclear Whether It Will Remain Standalone Unit

April 5, 2018
Wall Street powerhouse The Blackstone Group acquired Skyline Lending late last month, setting the stage for a potential shakeup at its mortgage operations, which include Finance of America and Stearns Lending.
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M&A Market Heats Up: Finance of America Buys Skyline’s ‘Assets’

April 4, 2018
Paul Muolo
Finance of America ranked 22nd among all originators in 2017...
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Short Takes: Bill Ashmore Working on a Non-QM Startup? / The Mood in New Jersey / The White House Role in Relaxing Standards? / How to Aid in the Construction of Housing / Wells Promotes Hilzendeger to New Mortgage Post

April 4, 2018
Paul Muolo
If President Trump – a builder by trade – truly wants to help the housing market by adding inventory he could order the federal government to sell some of its massive holdings of land to builders at dirt cheap prices...
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KBW: Servicing Values Up 7 to 15 percent YTD

April 2, 2018
Paul Muolo
A Ginnie Mae crackdown on “loan churning” is helping MSR values in that sector as well…
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Short Takes: 1Q18 was a Mixed Bag / Selected Reports of Strong Growth / MIAC was Busy with MSR Auctions / Here Come the Proxies / Waiting on the BLS

April 2, 2018
Paul Muolo
Meanwhile, the servicing sector appears to be picking up a head of steam...
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Short Takes: Banks with Strong Mortgage Ops Set to Merge / RoundPoint Gets Aggressive on Hiring / Not for Sale Anymore? / Home Point Hires Chief Production Officer / DocMagic Signs up Deutsche Bank / Former Nomura Trader Joins Angel Oak

March 29, 2018
Paul Muolo
Look for a lot more mergers this year. Then again, if rates dive, all bets might be off...
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