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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Short Takes: Mr. Cooper’s Growth / Bank Regulators Reviewing Regulations / TransUnion Sees Higher Revenue on Lower Inquiries / Jumbo MBS From Morgan Stanley

July 26, 2024
Brandon Ivey
Mr. Cooper's servicing portfolio will hit an unpaid principal balance of $1.56 trillion following its acquisition of servicing from Flagstar Bank.
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Mr. Cooper to Acquire Most of Flagstar’s Mortgage Business

July 25, 2024
Brandon Ivey
Mr. Cooper will pay $1.4 billion for Flagstar Bank's servicing portfolio and third-party originations platform.
Read More

Short Takes: Positive Outlook for Acra / New Co-CEO at Dynex / NYCB Touts Simplified Business Model

July 23, 2024
Brandon Ivey
Non-QM lender Acra Lending has been profitable in the last three years.
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Bain Jumps Into the Fix-n-Flip Market With Acquisition

July 8, 2024
Paul Muolo
A few months back, Bain bought a stake in two different mortgage software companies...
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A Lull in Mortgage Servicing Sales. Will It Last?

June 24, 2024
Paul Muolo
This year, MSR sales could drop to $500 billion, still a great year historically speaking...
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Short Takes: Big Buying Plans for Freedom? / Go With Debt / No Impact / JPM’s Flagstar Plans? / FHFA’s New Congressional Liaison

June 24, 2024
Paul Muolo
Freedom Mortgage reportedly has an unquenchable thirst for MSRs these days, including higher coupon product.
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Short Takes: VA Adjusts on Commissions / Locks for Refis Jump / UWM Fueling Annaly’s ECM MBS / Broker Groups Form Alliance / Great Ajax Shifts Focus

June 11, 2024
Brandon Ivey
VA stressed that borrowers should still negotiate their buyer-broker fee and that homebuyers can still ask sellers to pay the fees at closing.
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UBS Shopping Select Portfolio Servicing, Again

June 7, 2024
Paul Muolo
SPS, which has been servicing residential loans since 1989, handles a portfolio of about $180 billion, largely of loans in non-agency mortgage-backed securities.
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Short Takes: Michael Cohen’s HELOC / Expanded-Credit Impairments Decline / Pending Home Sales Slow / Lender M&A

May 31, 2024
Brandon Ivey
Michael Cohen, former President Donald Trump’s former attorney, testified during the trial that he used proceeds from a personal home equity line of credit to pay off Stormy Daniels on behalf of Trump.
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Megabank Unloads a Large Chunk of MSRs. Size: $12B-$15B

May 13, 2024
Paul Muolo
At March 31, U.S. Bank owned $347.7 billion of MSRs, ranking ninth among all servicing owners.
Read More
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