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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Short Takes: Provident Top Ranked Table Funder in 2Q / Realty Giant Files to Go Public, Cites Mortgage Risks / Mini-Correspondent Programs Sprout Up / Ex-Fannie Executive Wants Justice, Privatization / How to Spy on the CFPB

August 19, 2013
Paul Muolo and Thomas Ressler
Mini-correspondent lending is hot, but wholesale may be on the decline. Surprise: RE/MAX files to go public.
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What We’re Hearing: Fannie About to Reduce Maximum LTV / Rate Rise Causing the Phones to Stop Ringing? / Arch Capital Wants to be a Player in MI / Cole Taylor Continues to Hire / Waiting for Godot and Sen. Reed’s GSE Bill / Can Ellie Mae Get Sol

August 16, 2013
Fannie Mae will lower its maximum LTV. Mortgage insurance firms are not happy. Meanwhile, NAMB blames shrinking application volumes on summer vacations.
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Cole Taylor Mortgage Sale Heats Up

August 15, 2013
Paul Muolo
Cole Taylor Mortgage is talking to several semi-finalists that want to buy the company. Meanwhile, it's business as usual at the bank-owned lender.
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Short Takes: PennyMac’s Recent NPL Deals Near $1 Billion / Cash-Out Refis Continue to Tank / MGIC Shows More Progress / MountainView Hopes to Capitalize on Mortgage M&A / Surprise: HUD Cancels Some Furlough Days

August 15, 2013
Paul Muolo and George Brooks
PennyMac is once again stepping up to the NPL plate with some major deals. Meanwhile, cash-out refis continue to dwindle.
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Bank of America Selling $22 Billion of Ginnie Mae MSRs

August 14, 2013
Paul Muolo
If you thought that Bank of America was done selling mortgage servicing rights, think again.
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Nonprime MBS Holdings by Fannie and Freddie Down 12 Percent

August 13, 2013
Brandon Ivey
Fannie sold $2.2 billion of non-agency assets in the first half of the year. Meanwhile, Freddie sold at least $1 billion of non-prime MBS in May.
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With Refis Tanking, Can CashCall Get Sold?

August 12, 2013
Paul Muolo
As refinancings continue to fall, lenders that specialize in such loans will see their franchise values drop dramatically.
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Bulk Market Continues to Spit Out MSR Offerings

August 12, 2013
Paul Muolo
Investors searching for residential servicing rights can take a run at new offerings from Interactive Mortgage Advisors and MIAC, among others.
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Short Takes: At Least Harry Reid Likes the GSEs / Uncle Sam Takes In More Revenue, Thanks to Fannie and Freddie / Greenlight Earned How Much Last Year? / HSBC Official Joins Mortgage Master / Calling All Warehouse Lenders

August 12, 2013
Paul Muolo
Senate Majority Leader Harry Reid appears to have come out in support of Fannie Mae and Freddie Mac. But will other elected officials follow suit?
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Short Takes: Wells Cans 763 Mortgage Workers / Return of the Eminent Domain Jedi? / Delinquencies Continue to Improve / JPM Under the DoJ Microscope Because of Subprime / Bexil Enters NJ Wholesale Space / Wally and Penny Hit Earnings Home Runs

August 8, 2013
Paul Muolo and Brandon Ivey
Wells Fargo cuts 760-plus mortgage workers. Meanwhile, Bexil American enters the New Jersey market through the wholesale channel.
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