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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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What We’re Hearing: ‘Deferred Tax Assets’ at the GSEs Top $55B But … / Time to Wipe Out Some GSE Shareholders? / Mortgage ‘Shorts’ Reduce Their Bets / What’s a Mortgage Call Center Really Worth? / Impac Looking for Deals?

May 13, 2016
Paul Muolo
One observer noted: “Talk about a government takeover! This feels third-world to me…”
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PIMCO-owned FGMC Buys Assets of goodmortgage.com; Targets Fast Licensing Growth

May 10, 2016
Paul Muolo
goodmortgage.com will be operated as a division of FGMC and run as a “dba.”
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Short Takes: Suddenly, Plenty of Servicing Portfolios to Choose From / Will SoFi Be Around in 10 Years? / A Different Take on PHH / A Profit for Redwood / Hard Money for Pitbulls

May 9, 2016
Paul Muolo
Are P2P firms a fad?
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Short Takes: The $55 Billion Subservicing Contract Mystery / Who Lost It, Anyone? / A Shakeout for P2P? / MSR Auctions Increase / Another Step Down for Ocwen’s Stock

May 4, 2016
Paul Muolo
Sometimes when a subservicer – especially a publicly traded one – snags a new client, the company publicizes the event...
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Is the Mortgage M&A Market Dead in the Water? No More ‘Franchise’ Deals?

May 3, 2016
Paul Muolo
Larry Charbonneau, who runs a boutique advisory firm, said, “The number of willing sellers doesn’t meet the number of willing buyers...”
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Bulk Servicing Transfers Take it on the Chin in 1Q16

May 2, 2016
John Bancroft
An estimated $24.52 billion of GSE loans were delivered into MBS during 1Q16 with the servicing rights being taken over by a servicer not affiliated with the loan seller.
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What We’re Hearing: When in Doubt, Copy the FHA / A Long List of Suspects / Was the TRID Mess Overblown? / Freddie is Safe / Bulk MSR Deals from IMA, MVSG / Arch MI Shines / MBA Backs Mortgage Broker Marc Savitt / Bill and Joe’s Excellent Salary Adventure

April 29, 2016
Paul Muolo
Was the TRID mess overblown? Tell that to all the mortgage firms that lost money on deals...
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Thanks to Rising Loan Originations, Mortgage M&A Deals Hit the Skids; No More ‘Franchise’ Deals?

April 28, 2016
Thanks to rising loan applications and a stronger-than-anticipated start to the second quarter, merger and acquisition activity in the mortgage industry is at muted levels these days, according to investment banking officials. In other words, lenders will continue to “make hay while the sun shines,” believing that current profit margins are just too good right now to consider selling out. It was originally thought...
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Short Takes: Trouble Ahead for Downpayment ‘Gift’ Programs? / CHLA Sends a Letter to Cordray, Wants a Fair Shake for Nonbanks / Why Sig Anderman of Ellie Mae is a Happy Man These Days

April 27, 2016
Paul Muolo and George Brooks
Sig Anderman’s once small firm is now worth more than Nationstar Mortgage, Ocwen Financial and Walter Investment Management Corp. combined.
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New Disclosures Cast Doubt on Salability of PHH Mortgage

April 19, 2016
Paul Muolo
The new disclosures have forced PHH to withdraw previous earnings guidance where it estimated a slight profit or breakeven for 2016.
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