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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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AmeriSave Agrees to Buy Mortgage Division from CertusBank

September 16, 2014
Paul Muolo
AmeriSave, a nonbank, has not been without controversy itself.
Read More

Short Takes: New Jumbo Deal from Two Harbors / Investors Dumping Fannie and Freddie Stock? / GSE Plaintiff Hires Former Fannie CFO Howard / M&A for NYCB? / Want a Loan? Don’t Get Pregnant / Norcom Opens Another Branch in Connecticut

September 15, 2014
Brandon Ivey and Paul Muolo
Is it time to sell shares in Fannie Mae and Freddie Mac?
Read More

What We're Hearing: A Mortgage M&A (Mini) Tidal Wave? / A Vendor Shakeup as Well? / 34 LOS Vendors? / It’s Hard Breaking Into Subservicing / Walter, the Best of the Three / The CFPB Wasn’t Even There!

September 12, 2014
Paul Muolo
The days of the megabanks – Wells Fargo, JPMorgan Chase and Bank of America – buying mortgage companies (of any size) are over. Never again. Right?...
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Industry Vet Willie Newman Establishes New Platform, Agrees to Buy $1 Billion-Plus Lender

September 11, 2014
Paul Muolo
“Our intention is to be a top tier lender,” said Newman.
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Ocwen Tells Analysts that MSR Transfers Will Be Much Lower

September 11, 2014
Paul Muolo
it appears the halcyon days of legacy MSR sales are over. Or so Ocwen is telling Wall Street.
Read More

Short Takes: Altisource Unveils Broker Launch / If You Had Bought MGIC Stock Two Years Ago… / UGI and Other MIs Offer Rescission Relief / The ‘Jumbo Three’

September 11, 2014
Paul Muolo
Altisource Portfolio Solutions has rolled out a new operating platform for brokers, table funders and third-party vendors.
Read More

Short Takes: Nonbanks Rule in the Capital Category? / Don’t Even Ask About the Wells-Ocwen MSR Deal / Mortgage Applications Tank / Fannie and Freddie Beat the Tax Man / Cordray on HMDA

September 10, 2014
Paul Muolo, Thomas Ressler, and Charles Wisniowski
We understand that when stock analysts meet with Ocwen management, executives at the nonbank usually tell them to not even ask about the deal.
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Stonegate Mortgage Likely to Securitize Residential Servicing Rights

September 9, 2014
Paul Muolo
Since the housing bust, very few mortgage firms have securitized MSRs, though they have used securitization vehicles for advances.
Read More

‘Loans Serviced for Others’ Continue to Fall at Depositories

September 8, 2014
John Bancroft
A number of banks have been motivated to reduce their MSR holdings because of concentration limits imposed by the emerging Basel risk capital rules.
Read More

Sources: Bank of America Sold $3 Billion in Nonperforming Mortgages

September 8, 2014
Paul Muolo
One source said the $3 billion “traded a few weeks back,” but could offer no more color on the transaction.
Read More
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