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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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What We’re Hearing: Pacific Union Mortgage Cuts Staff / New York Slow Like Molasses on LO Approvals / Jeff Schaefer Joins Cerberus / The Corker-Warner Bill and the TBA Market / FHFA Ready to Hire a CSP Chief?

June 7, 2013
Don't put too much stock in the new government figures on mortgage hiring. Some firms are cutting back like Pacific Union Financial.
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MountainView Offering Just Over $2 Billion in MSRs

June 5, 2013
Paul Muolo
The MSR sales machine is cranking up at MountainView.
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Cole Taylor Buys $600 Million of MSRs From Liberty, Will Build Platform

June 4, 2013
Brandon Ivey and Paul Muolo
Cole Taylor Mortgage is getting serious about the servicing business. It purchased a portfolio from Liberty Savings and plans to start its own in-house platform.
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Short Takes: Will Ellington Go on a Purchase Tear Under Abreu? / Jumbos Remain Hot / Stonegate Unveils New Jumbo Loan / Bank ABS Holdings Fall Slightly / Broker Employment Shows Signs of Life

June 4, 2013
John Bancroft and Paul Muolo
Ellington Management under new mortgage chief Steve Abreu may go on a purchase tear, rolling up companies.
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Nationstar Using Merrill for Unsecured Debt, May Buy More MSRs from BofA

June 3, 2013
Paul Muolo
It looks like a sweet deal for Nationstar: Merrill Lynch helps sell its unsecured debt and then off loads some of its legacy MSRs to the nonbank.
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What We’re Hearing: Is FHA Headhunting Again? / Fear and Loathing in Refi Land / Why Some Mortgage Bankers Won’t Sell / Hedge Fund Buys Almost 12 Percent of PennyMac / Did Someone Purchase $500 Million of GSE Common Stock? / Athas’ New Subp

May 31, 2013
According to industry sources, the FHA recently sent out administrative letters to a handful of residential lenders. Meanwhile, yet another new subprime originator has emerged.
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Short Takes: Nonperforming Loan Prices Continue to Rise / CFPB Ready to Issue Rule for Small Lenders / Speculators Won’t Like Isakson’s GSE Bill / Applications Tank Again / LenderLive in New Mortgage Effort

May 29, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
The auction market for nonperforming mortgages is beginning to generate heat with prices rising nicely from last year.
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IMA Sets Auction Date on $1B Package of MSRs

May 28, 2013
Paul Muolo
New bulk MSR packages continue to hit the market. Many of the new deals have low coupons and hardly any delinquencies.
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What We’re Hearing: Is the CFPB Ready to Tweak the QM? / Fools in GSE Love: Ralph Nader and New York Hedge Funds / Banks Cutting Back on MBS / Nationstar Too Suspends Foreclosures / About that Big Flagstar MSR Sale / The New York Times Gets Its Penny

May 24, 2013
Is Ralph Nader in bed with hedge funds over Fannie Mae and Freddie Mac? Mortgage banking can make strange bed fellows.
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CashCall Chief Says He’d Consider Selling the Company

May 23, 2013
Paul Muolo
CashCall, one of the largest call center lenders in the U.S., is open for offers, Inside Mortgage Finance has learned.
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