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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Mortgage Price Competition Coming, Underwriting Could Ease

September 9, 2013
Paul Muolo
Nonbanks are making progress in picking up market share, but it's uncertain how much more turf commercial banks might cede.
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What We’re Hearing: Cole Taylor Deal Closer, Firm Bids on MSRs / A 15% Downpayment Jumbo From Wells Fargo / Servicers Rejoice on Higher Rates / Apps Fall 70 Percent at Some Shops / Mortgage Hiring Not So Hot / Trying to Time the IPO Market

September 6, 2013
A 15 percent downpayment mortgage from Wells Fargo? It's true. Cole Taylor sale moves closer. Mortgage jobs head south.
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Short Takes: Cole Taylor Mortgage Sale Moves Closer / Wells Likes Rich Mortgage Borrowers Better Than Joe Sixpack / Credit Unions Gamble on Holding 30-Year FRMs / Former E-LOAN CEO Joins Raj Date’s New Firm / When Might National MI Go Public?

September 5, 2013
Paul Muolo and Brandon Ivey
Look for an update late Thursday on the sale of Cole Taylor Mortgage. Meanwhile, does anyone care that credit unions are holding 30-year jumbo mortgages in portfolio?
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Mortgage M&A Market Comes to Life with LoanDepot Deal, but Potential Sellers Remain Picky on Price

September 5, 2013
With mortgage rates at their highest level in more than two years, the long-awaited boom in mergers and acquisitions may finally be here. But don’t expect sellers to accept just any price. “M&A is picking up,” said Larry Charbonneau, who runs a boutique advisory firm, Charbonneau & Associates. “The big fish want to buy the small ones, but the small ones don’t know if it’s in their best interest to sell yet.” Charbonneau points out...
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Mortgage M&A Market Heats, Glitter Is Off the Refi Shops

September 4, 2013
Paul Muolo
With origination profits leveling off, some mortgage bankers are looking to cash out. But can they still get top dollar?
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Short Takes: Carrington Wants Ginnie MSRs / Allonhill Deal Was an Asset Sale, an Important Distinction / Applications Finally Head North / CFPB Promotes Antonakes / S&P Fights Back Against Uncle Sam

September 4, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
Carrington Mortgage is in the market to buy residential servicing rights. Meanwhile, the mortgage application losing streak has ended.
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Bank of America Finds Buyer for $22 Billion of Ginnie Mae MSRs

September 3, 2013
Paul Muolo
Bank of America has once again unloaded a decent-sized chunk of mortgage servicing rights, this time Ginnie Mae product.
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Short Takes: The Coming Bonanza in NPL Sales / Auction.com Sees Strong Revenue Growth / Rep. Hensarling Takes Aim at CFPB / Prestwick Selling MSRs / It’s Official: Allonhill Sold to Stewart Title

September 3, 2013
Paul Muolo and Charles Wisniowski
As reported by IMFnews late last week, Stewart Title is buying Allonhill, a due diligence firm based in Denver. Meanwhile, look for billions of dollars in NPL sales soon.
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What We’re Hearing: A Title Firm is Courting Allonhill / Clayton and Digital Risk Tops in Due Diligence? / Wells Fargo’s Presence in India / Mortgage M&A About to Explode? / The QRM Cop-out

August 30, 2013
A title insurance firm is taking a close look at due diligence provider Allonhill. Meanwhile, mergers and acquisitions in the residential finance industry could explode.
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MountainView Selling $1.4 Billion of Fannie/Freddie MSRs

August 26, 2013
Paul Muolo
MountainView Servicing Group has set a bid deadline of August 29 on the Fannie Mae/Freddie Mac MSRs.
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