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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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MountainView Selling $3 Billion of Ginnie Mae Servicing Rights

August 16, 2016
Paul Muolo
In a tough Ginnie MSR market, servicing advisors believe deals can get done as long as the seller has realistic expectations on price.
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Short Takes: Another MI M&A Deal in the Works? / Tony Renzi’s Stock Award / Fannie Reviewed Board Seat for CEO / Don Works for Free / Regions Works Out HUD Settlement

August 16, 2016
George Brooks and Paul Muolo
Keep in mind there are just seven MI firms writing new policies today so there are antitrust implications regarding two large players merging...
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Freedom Mortgage Acquires Sterling National Bank’s Mortgage Origination Operations

August 15, 2016
Brandon Ivey
Freedom had $13.27 billion of originations in the second quarter, up 42.5 percent from the previous quarter, according to Inside Mortgage Finance.
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Arch/UGC Deal Will Give Combined MI Entity a 28.9 Market Share

August 15, 2016
Paul Muolo
According to IMF, UGC ranked first in insurance-in-force of $186.96 billion at midyear. Arch MI was seventh at $33.36 billion.
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As Rates Stabilize, More Bulk MSR Deals Hit the Auction Market

August 11, 2016
Paul Muolo
The $1.5 billion offered by MIAC has an average interest rate of 4.22 percent and delinquencies of 2.65 percent.
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A Handful of Investors Kicking the Tires at PHH Mortgage as M&A Activity Gains Momentum

August 11, 2016
A handful of investors, including Caliber Home Loans, are kicking the tires at PHH Corp., taking a close look at the company’s mortgage assets and platforms, investment banking sources told Inside Mortgage Finance this week. At this point in time, a sale of the company through a stock transaction is highly unlikely, but the disposal of some of its key assets – in particular, its $231.74 billion servicing portfolio – could finally materialize before yearend. It’s...
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Short Takes: VA 2Q Loan Volume at $48 Billion / Hedge Funds See Bargains in Servicing Rights? / Bill Erbey Continues to Sell Shares / Michigan Mutual’s New Hire

August 11, 2016
John Bancroft and Paul Muolo
Some investors believe servicing prices now look enticing.
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PHH Working on Sale with ‘Sense of Urgency’; Company Loses $12 Million in 2Q16

August 9, 2016
Paul Muolo
The question remains: who will buy PHH's assets? Is a franchise deal even possible?
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Redwood Boosts Net Income in Second Quarter, Sees Promise in Risk Sharing with Banks

August 9, 2016
Brandon Ivey
Redwood is working to increase investments in first-loss risk on loan pools delivered to Fannie Mae and Freddie Mac.
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Walter Posts Staggering Loss of $232 Million for 2Q16; Sells MSRs and Hires New CEO

August 9, 2016
Paul Muolo
On the production front, Walter’s Ditech unit reported $4.8 billion of new originations, a 3.4 percent drop compared to 1Q16.
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