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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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PIMCO Buys a Stake in First Guaranty Mortgage Corp., a $4 Billion a Year Lender

September 21, 2015
Paul Muolo
Early this year, PIMCO was in talks to buy RoundPoint Mortgage, a top 25-ranked servicer, but the transaction fell apart.
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Phoenix Offering Flow Servicing Rights Tied to GSE and Ginnie Product

September 21, 2015
Paul Muolo
The Fannie/Freddie loans are dominated by Florida mortgages at 32 percent of the flow.
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Short Takes: Subservicer Up For Grabs / Rental Homes Merger / Michigan Mutual Hunts for Branches / Ocwen Keeps Paying Down Debt / FHFA Wants GSE Documents Out of the Public’s View

September 21, 2015
Paul Muolo and Carisa Chappell
Ocwen Financial continues to sell servicing rights and pay down debt. But its stock price isn't moving very much.
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Nation’s 11th Largest Originator loanDepot Contemplating an IPO?

September 17, 2015
Paul Muolo
loanDepot founder and CEO Anthony Hsieh is well known for starting companies, building them up and then selling them.
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Short Takes: Don’t Expect Fannie & Freddie Employees to Stage a ‘Walk Out’ / Who is This Guy? / Another Large NPL Sale for Freddie / Ocwen’s Ever Changing Moods / A New CFO for Auction.com

September 17, 2015
Paul Muolo and Brandon Ivey
What do Fannie/Freddie officials say about the walk-out? They were amused at the effort but declined to comment on-the-record.
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Institutional Investors Spurn Certain Public Mortgage Firms; Still, Rumors of a Large IPO in the Works

September 17, 2015
Institutional investors are beginning to have major doubts about certain mortgage stocks, reducing their positions in companies such as PHH Corp. and Ocwen Financial as they struggle to present convincing evidence that better days are ahead – especially with 2016 just months away. Ocwen, in particular, has been savaged by investors over the past 18 months, its share price falling from an all-time high of $60 to $5.66. This past summer, Ocwen’s share price stabilized somewhat before getting clobbered early this week after disclosing that it expects to post a loss for all of 2015. For many investors it has...
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Flagstar Recently Tried to Sell $10 Billion of MSRs. But Did the Deal Close?

September 16, 2015
Paul Muolo
Over the past few years, Flagstar has been a selective seller of mortgage servicing rights, lopping off packages as large as $40 billion.
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Short Takes: The CSP is Costing How Much? / As for the Implementation Date… / Ocwen Loses Money on MSR Sale / Walter’s ‘Insurance’ Transaction? / A New Hire for MIAC

September 16, 2015
Paul Muolo
Technology, like MBS, can be complicated. Just read the new FHFA report…
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Home Point Looks to Buy Servicing Rights, Add Another Retail Team

September 14, 2015
Paul Muolo
Recently, Home Point added a large retail lending team from Great Plains Bank and Newman promised that “we have another large retail team scheduled to come on in the next several weeks.”
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Short Takes: Skyline Aims to Reduce LO ‘Posses’ / The Coming Texas Housing Bust / Go With the Astros, Not the Cubs / MSR Deal From Prestwick / CRE Outlook From Auction.com / Ocwen, Not Made in America

September 14, 2015
Paul Muolo
Irony or good business?: Ocwen's mortgage customers are located in the U.S., but the back office staff processing their loans are mostly overseas.
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