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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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What We’re Hearing: Why Doesn’t JPM Just Get Out of Mortgages Entirely? / Down, Down, Down: JPM’s Ginnie Share / NAR’s Yun: CFPB Might Want to Investigate FHA / Do LOs Exaggerate Their Production Numbers? / Zillow and Trulia: A Match Made in Money-Losing

July 25, 2014
Paul Muolo
NAR Chief Economist Lawrence Yun: “The way they have raised premiums and fees – the way I view it and what I hear from Realtors – is essentially they are ripping off consumers. It’s almost as if HUD needs to be turned over to the CFPB to be investigated"...
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60-Year Old ‘Northeast’ Mortgage Company Hits the Auction Block

July 23, 2014
Paul Muolo
“There’s lots of talk of companies being for sale right now,” said Paul Hindman, managing director of Management Advisors Executive Search, “but not too much talk of deals closing.”
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Prospect Mortgage Still Scouring for Lenders to Buy?

July 22, 2014
Paul Muolo
“Prospect has a target list and they have an audience,” said one advisor. “But so far, in the mortgage M&A market there has been a lot of talk – with not too many deals getting done.”
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Short Takes: Will CIT be a Player in Mortgages? / Another New CEO for Union Mortgage / Credit Suisse Buying NPLs from Astoria / JPM Gets Some Credit / IMA in Market with $1B of MSRs

July 22, 2014
Brandon Ivey and Paul Muolo
Union Mortgage has been losing some of its top executives over the past year. A few months back, its president and CEO Robert Eastep departed for Stonegate Mortgage…
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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.)
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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.
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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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