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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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RoundPoint Mortgage Headed for the Auction Block

February 12, 2015
Paul Muolo
One source contends that “several” potential acquirers have already taken a look at RoundPoint.
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M&A Heats Up: New Jersey REIT to Buy Aurora While RoundPoint May Be Entertaining Offers

February 12, 2015
RoundPoint Mortgage, a servicer with more than $41 billion of receivables on its books, is entertaining offers for the entire company, according to industry officials briefed on the matter. Moreover, servicing advisors contend that several large bulk servicing portfolios are ready to hit the market in what should turn out to be a busy late winter/early spring for both buyers and sellers of mortgage servicing rights. In a recent public disclosure, Ocwen Financial said...
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Short Takes: Mangrove to Reveal HLSS Director Nominees / MountainView Selling MSRs / SLS in MSR Deal with JPM / Please Don’t Come to Chicago / First Alliance Hires Former Nationstar Official

February 12, 2015
Paul Muolo and Brandon Ivey
A 50-year tradition is now kaput: The Federal Reserve Bank of Chicago has cancelled its annual bank structure conference...
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Cherry Hill Mortgage REIT Buys Mortgage Company; Will Leverage MSRs

February 11, 2015
Paul Muolo
Stan Middleman, chairman of CHMI, told IMFnews that having agency approvals will allow the REIT to leverage servicing rights...
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Short Takes: Mortgage Servicer Hits the Auction Block / Wilshire Buying Mortgage Unit / More on FHA’s ‘Tweaks’ / The CFPB is Spending How Much? / Frank Talk on Risk Retention

February 10, 2015
Paul Muolo, Thomas Ressler, and Brandon Ivey
"My understanding is that FHA is planning on releasing supplemental performance metrics to ‘Neighborhood Watch’ to reduce reliance and focus on just a lender’s compare ratio," said Tim Rood.
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MountainView Selling $736 Million of Mortgage Servicing Rights

February 10, 2015
Paul Muolo
The MountainView package is top heavy with California product. The identity of the seller was not provided.
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IMA Selling $111 Million Fannie Mae MSR Package

February 9, 2015
Paul Muolo
But that reticence could be slipping. As the week opened, the yield on the benchmark 10-year Treasury was at 1.94 percent, the highest it has been in several weeks.
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What We’re Hearing: A Death Knell for GSE Principal Reductions? / Too Many Chickens for Subprime? / Newman Moves Closer to Completing Purchase / Dimensional Increases Stake in PHH / The Ocwen-Cockroach Comparison?

February 6, 2015
Paul Muolo
With Ocwen about to unload a massive amount of servicing rights will the company still need to have such a large back-office operation in India?
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Ocwen Files Notice: A Fourth Quarter Loss and Monthly MSR Sales; Company the Subject of 46 Exams

February 5, 2015
Paul Muolo
The nation’s largest nonbank servicer revealed that during 2014, state regulators commenced 46 examinations “of one or more of our areas of operation…”
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PennyMac Financial Suffers Earnings Decline, Reveals Pending MSR Purchases of $20.8B

February 5, 2015
Paul Muolo
At yearend, PMFS serviced $106.0 billion of mortgages, ranking 15th nationwide, according to a new market analysis from Inside Mortgage Finance.
Read More
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