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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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M&A Activity Largely Focused on Servicing

April 9, 2024
Paul Muolo
“The producers move over to a new firm and that’s it — that’s the M&A activity,” said David Fleig, who runs MorVest Capital, a servicing advisory firm.
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Short Takes: Rocket Speeds Loan Process With AI / AI Officer at FHFA / Pretium Affiliate Wins NPL Auction / CMBS Investor Changes Hands

April 9, 2024
Brandon Ivey
Rocket plans to offer its AI platform to other companies later this year.
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Short Takes: FHFA to Improve Exam Practices / Better Taps Real Estate Agents / Doma Plans to Go Private / Pending Home Sales Up Slightly

March 29, 2024
Brandon Ivey
FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.
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For Sale: MSRs With a Delinquency Rate North of 5%

March 27, 2024
Paul Muolo
The delinquency rate on the conventional loans is 5.23%.
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Guild Pays $13.4 Million for Academy Plus Earn-Out

March 15, 2024
Brandon Ivey
Guild held off on disclosing the purchase price for Academy Mortgage until filing its annual report.
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Short Takes: Cyber Attack to Cost loanDepot at Least $12 Million / Mortgage Applications Decline / Home Prices Up in December / Sales of New Homes Increase / Pretium Sells a Stake

February 28, 2024
Brandon Ivey
Insurance won't fully cover loanDepot's expenses from a cyberattack that occurred in January.
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Short Takes: Treasury Focusing on Property Insurance Costs / Chase Stocks MBS With HELOCs From Nonbanks / Great Ajax Turns to Rithm / KBW Sees Upside in GSE Stock

February 27, 2024
Brandon Ivey
The roundtable hosted by the Treasury focused on how the increased risks from climate change are affecting insurance markets.
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Up for Grabs: A $3.1B MSR Package, Dominated by California Product

February 20, 2024
Paul Muolo
The portfolio is top heavy in California product...
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Academy Purchase Will Add 600 LOs, 200 Branches to Guild’s Empire

February 14, 2024
Paul Muolo
In late 2022, Academy agreed to pay $38.5 million in damages to resolve allegations it violated the False Claims Act.
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Cardinal, Others Test the MSR Sale Waters

February 12, 2024
Paul Muolo
Increasing prepayment speeds shouldn’t mar the servicing asset in the current quarter...
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