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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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What We’re Hearing: Stonegate’s National Sales Manager Fred Bolstad Departs / MBA Convention Opens in San Diego / Fannie Mae Execs Make Themselves Available / Maybe the Next Convention Will be Held in India / CEOs Open to Offers? / Mr. Cooper, Really?

October 16, 2015
Paul Muolo
A spokesman for Stonegate Mortgage confirmed that Bolstad is no longer with the lender/servicer, but had little else to say on the matter.
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Stonegate Mortgage May Be in Play; Blackstone And Caliber Mentioned as Possible Suitors

October 15, 2015
Stonegate Mortgage, Indianapolis, a publicly traded nonbank that recently underwent a management change, is considering takeover offers, according to industry advisors familiar with the situation. Although the company declined to comment, it appears that at the very least it’s considering selling some of its branches. At the same time, sources contend that certain branch managers are trying to cut separate deals with competitors. Firms looking to take over those branches include...
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Stonegate’s Mortgage Branches Hunting for a Better Deal Elsewhere?

October 14, 2015
Paul Muolo
Sources have identified Caliber Home Loans and Skyline Lending as possible acquirers of branches.
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MountainView MSR Tally Through First Nine Months: $62.5 Billion

October 12, 2015
Paul Muolo
On its largest MSR auction of the year, MountainView said the high bid came in at a multiple of 3.95-times the servicing fee.
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Short Takes: Ocwen Continues to Shrink its Debt / The Meaning of It All? / Dreams of an Ocwen Sale / All the Good NPL Opportunities are Over? / Clayton Buys Title and AMC Firm

October 12, 2015
Paul Muolo
And keep in mind there are some Ocwen investors who are hoping that the company will be sold and the share price will spike.
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Is IBM Considering Its Options on Seterus?

October 7, 2015
Paul Muolo
In general, IBM has rarely talked to the media about Seterus and its contract with the government-sponsored enterprise, or much else, for that matter.
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Short Takes: Senators Don’t Expect GSE Reform Anytime Soon / Shooting Down the White House GSE Rumor / What’s With Stonegate’s Stock Price? / Sale or Bust?

October 7, 2015
Carisa Chappell and Paul Muolo
When the news broke about Stonegate this past summer, FBR issued a note to its clients saying that, “We expect the company has two options: hire a replacement CEO quickly, or sell the business altogether.”
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IMA Selling $4.0 Billion of Ginnie Mae Servicing Rights

October 6, 2015
Paul Muolo
According to the offering circular, the collateral resides in all 50 states with Ohio having the highest chunk at a mere 8.1 percent.
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Phoenix in the Market with $3 Billion-Plus of Servicing Rights

October 5, 2015
Paul Muolo
On the conventional product, the loans have an average age of 23 months and delinquencies in the 3.0 percent range. Almost 80 percent of the loans are in California.
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What We’re Hearing: Is It ‘Open Season’ on Mortgage Bankers? / The Coming Storm Over Marketing Service Agreements / Realtors and MSAs? / loanDepot Fights Back / Mortgage Carpetbaggers?

October 2, 2015
Paul Muolo
Some have suggested that it’s no wonder that several mortgage company owners – including those who control specialty servicers – are contemplating selling their companies.
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