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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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‘Flow’ Servicing Deals Rule the Roost, for Now

July 18, 2014
Paul Muolo
Did to raise cash in a tough origination market? Sell your MSRs.
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What We’re Hearing: Is the FHFA IG All Wet Regarding Nonbank Risk? / Hurting the GSEs’ Reputations? / Time to Probe GSE Specialty Servicers? / Prospect Mortgage Continues to Hunt for Acquisitions / Raj Date Doesn’t Recognize ‘His’ CFPB

July 18, 2014
Paul Muolo
Industry reaction to the FHFA IG report on nonbank and small lender risk was swift. Maybe Fannie Mae is better off having Countrywide as its biggest customer again?
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Short Takes: USB Grows Production by 27 Percent / New Applications Not So Hot / More Big MSR Deals on the Way? / Housing Starts Disappoint / Foreclosures Continue to Improve

July 17, 2014
Paul Muolo and Sherry Muolo
Luckily, JPM’s Jamie Dimon doesn’t care about such silly thing as mortgage rankings. (And he's not a big fan of FHA either.)
Read More

Ocwen Partners with Consumer Advocates to Track Issues Borrowers are Having with the Servicer

July 16, 2014
Brandon Ivey
Ocwen's consumer council will consider issues such as principal reduction loan modifications, reducing urban blight, helping minorities and improving language access to borrowers with limited English proficiency.
Read More

Wells Fargo Securities Downgrades Nationstar, Walter; Says Stocks May Plunge

July 16, 2014
Paul Muolo
Analysts at Wells Fargo Securities believe there could be a huge downside to owning shares of Nationstar and Walter Investment.
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Short Takes: Strong Earnings for MGIC, But a Warning Too / Non-QM to the Rescue? / Ocwen in Stock Deal with Ross / Stonegate Mortgage Gets a ‘Neutral’ Rating / Canada in for a Big Housing Correction?

July 16, 2014
Brandon Ivey, Paul Muolo, and Sherry Muolo
MGIC is operating with each GSE as an eligible insurer under a remediation plan. In trading Wednesday, its share price was down 9 percent…
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Short Takes: Quicken Overtakes JPM as the Nation’s #2 Lender? (Not Likely) / What Does Jamie Dimon Like Less, Brokers or the FHA? / BofA Cuts New Repo Deal for PennyMac / Earnings Due Soon from MGIC, Radian, Others

July 15, 2014
Paul Muolo and Sherry Muolo
Here’s a question to ponder: what does Jamie Dimon like less? Loan brokers or the FHA?
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Mortgage Banker with a ‘Substantial’ MSR Portfolio Unloading Some of its Holdings

July 9, 2014
Paul Muolo
Over the past six months, many nonbanks have moved to sell MSRs as a way to remain cash flow positive in a tough origination market.
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PHH Will Invest $350 Million in Mortgage Unit, but Outsourcing and Layoffs Ahead

July 8, 2014
Paul Muolo
Will PHH sell its mortgage division this year? Don't bet on it. But it will spend millions on a company restructuring.
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Walter Sells Excess Servicing Strip for $75 Million

July 7, 2014
Paul Muolo
York Capital is backing Walter Capital Opportunity Corp., the buyer of the excess MSRs.
Read More
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