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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Short Takes: The MSR Deals Keep Coming / New Home Sales Strong / USRES Signs Up Nonprime Lender / Overvalued Housing in Texas / Altisource’s Latest Hire

May 26, 2015
Paul Muolo
One new portfolio that came out for bid recently entails the transfer of $328 million of Fannie Mae receivables in Massachusetts.
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What We’re Hearing: FHA Readies a Bromide? / Another FHA Lender May Sue HUD / Kudos for Quicken’s Bill Emerson / A Big M&A Deal Brewing? / At Least FBR’s Paul Miller is Optimistic

May 22, 2015
Paul Muolo
We understand that at least one other prominent FHA lender is contemplating filing a lawsuit against the government as well...
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Short Takes: Finally, Lawsky Tells Us When He’s Leaving / Meet the New NYDFS Boss, Same as the Old Boss? / Erbey Still Loves Ocwen, At Least Its Stock / Shelby Bill Passes, but... / Impac’s Non-QM Volumes Meager But Growing

May 21, 2015
Brandon Ivey and Paul Muolo
Who might replace Lawsky? How about: Rohit Chopra, assistant director and student loan ombudsman for another agency that’s highly popular with mortgage executives: the CFPB.
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MountainView, Phoenix Capital Out with $1B-Plus MSR Deals

May 19, 2015
Paul Muolo
The seller of the MSRs was identified as a “subsidiary of a publicly traded company established in 1995.”
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As Rates Rise, Residential Servicing Rights Increase in Value

May 18, 2015
Paul Muolo
Upwards of $500 billion of mortgage servicing rights could change hands this year. But maybe that estimate is too low...
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Short Takes: How High Can Ellie Mae’s Stock Go? / And the Flipping Continues / Lending to Flippers, a Profitable Business / GOP Says No to HUD Again / A Virginia M&A Deal

May 18, 2015
George Brooks and Paul Muolo
Several hard money lenders are involved in financing flippers, charging interest rates that are several percentage points above the going Fannie Mae/Freddie Mac rate.
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What We’re Hearing: What’s Next for Nationstar, Walter, Ocwen? / A Broken High-Touch Model? / Oh No: Ocwen Takes the Corporate Jet Away! / Texas Bank Warehouses Impac / FHFA Does Not Want the FHLBs to be an Issuer Through the CSP / More TRID Anxiety

May 15, 2015
Paul Muolo
More trouble for Ocwen: the corporate jet has been yanked!
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JPM Makes it Official: Bank Will Buy $45 Billion in Fannie MSRs from Ocwen

May 14, 2015
Paul Muolo
Ocwen announced the sale of the $45 billion early this spring, but never identified the buyer.
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Short Takes: President of Large Nonbank Out the Door? / Ocwen Selling Nonperforming MSRs / Clean is Good / More Ginnie Issuance by the FHLBs / A New Tool From Economists at the FHFA / WJB Hires New CIO

May 14, 2015
Carisa Chappell and Paul Muolo
In a recent 10-K filing Ocwen disclosed that on April 30, 2015 it announced agreements with the GSEs to sell portfolios of non-performing loan servicing rights.
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Cut in FHA Premiums Causes Ocwen to Take a Ginnie Mae MSR Charge

May 12, 2015
Paul Muolo
Last fall, Ocwen tried to sell its Ginnie Mae servicing rights, but recently disclosed that it will keep the receivables instead...
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