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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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More Regulatory Scrutiny Tied to Mortgage Servicing Transfers (Sales)

August 20, 2014
Paul Muolo
An agency spokesman told IMFnews that as a “general matter” the CFPB considers transfers significant if they involve at least 5,000 loans.
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Short Takes: Former Subprime CEO Continues On / Privlo Definitely Did Not Raise $350 Million / Comerica Seeks Warehouse Manager for LA / More Regulations Coming from the CFPB? / A Sea Change in Fannie Underwriting Guidelines?

August 20, 2014
Paul Muolo
A big deal or ho-hum: Fannie Mae in late July said it will allow for shorter waiting periods involving mortgage debt charge-off accounts and mortgage debt that is discharged through a bankruptcy.
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What We’re Hearing: Maybe Ocwen Should Go Private / A $750 Million Stock Buyback for Ocwen? / Why It’s Hard to be Bullish on the Nonbank ‘Big Three’ / Who the Heck is Privlo? / No Wonder the MBA Likes Mel Watt

August 15, 2014
Paul Muolo
We only bring up the “going private” issue because class action attorneys have finally woken up to the fact that Ocwen’s shares have been clobbered over the past year...
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Strong Demand in Secondary Market for Re-performing Mortgages, But Prices Look Frothy

August 15, 2014
Brandon Ivey
Bargain prices in the re-performing mortgage market may be a thing of the past.
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Sources: PHH Selling $3.8 Billion in Ginnie MSRs, IMA Out With a New Deal Too

August 14, 2014
Paul Muolo
One bidder who has looked at the Ginnie MSR package from PHH described it as “seasoned with some delinquencies in it.”
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Short Takes: On the Other Hand, PHH Will Buy MSRs Too / Falling out of Love with FHA / Growth Good, Shrinkage Bad / Radian Declares a Measly Dividend / Hedge Fund Takes Big Position in Radian

August 14, 2014
Paul Muolo and Brandon Ivey
Senator Investor Group now owns a 6.28 percent stake in Radian, a top ranked mortgage insurer.
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$27 Billion in Mortgage Servicing Rights Up for Grabs?

August 13, 2014
Paul Muolo
As IMFnews went to press, no other details were available on the transaction, including the identity of the seller or whether the product is “newly originated” or “legacy” in nature.
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Ocwen Says Financials for 2013 and 1Q14 Are Not GAAP Compliant

August 12, 2014
Paul Muolo
Is Ocwen Financial's accounting adjustment much ado about nothing or a potential regulatory headache?
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Short Takes: Mortgage M&A: Lots of Talk, Not Much Action / New Penn Rolls Out Non-QM Loan / Arizona Mortgage Office Open to Offers / Auction.com Ramps Up Commercial Sales / Walter Seeks a New COO

August 12, 2014
Paul Muolo
A top producing office in Arizona for one mid-sized lender is making it widely known that it would like to move the entire staff to another firm...
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Walter Posts $12.9 Million Loss for 2Q, Servicing Growth Anemic

August 11, 2014
Paul Muolo
At June 30, Walter/Green Tree serviced $235.2 billion in mortgages, almost flat compared to March 31.
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