Roughly 82 percent of the VA-backed mortgages are interest rate reduction refinance loans or IRRRLs.

Rick Roque, who runs Menlo, an M&A advisory firm, said he knows several owners who are contemplating a sale…

The Fannie balance of the pool accounts for $1.33 billion of the receivables.

Mortgage originators that produce $1 billion to $4 billion a year in loans are continuing to be courted by potential suitors, but not many sale agreements are getting signed these days, according to investment bankers. “Private equity firms are still looking to enter the business, and sellers are listening, but I’m not seeing too many deals being completed,” said Chuck Klein, a managing partner at Mortgage Banking Solutions, Austin, TX. At the beginning of the year, Klein was...

“A number of companies are expanding the lines they need,” said Larry Charbonneau. “I’ve been doing a number of reviews for warehouse banks lately. Volume is definitely picking up.”

Second, it’s unclear if a CU wanting to buy receivables from another shop would face “membership” issues…

In late August, a notice appeared on the website of the Federal Trade Commission under the banner of the agency’s “pre-merger notification program,” identifying Wells as the winning bidder…

The Fed just greenlighted a bank M&A deal...

Another source added: “Eli’s interest in the industry is legit. They want to buy and hold companies.”

Credit unions hold the servicing rights to mortgages they originated but cannot buy MSR contracts in the secondary market…