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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Former Countrywide Executive Up for Top Job at Vericrest?

February 14, 2013
Paul Muolo
Joe Anderson, who worked at Countrywide Financial Corp. for 17 years and then Nationstar, is considered the top candidate to get the CEO job at Vericrest Financial.
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Short Takes: The QRM Rule: 5% Down? / Jumbo Prices Getting Frothy? / Applications Fall but Don’t Panic / MSR Auctions of All Sizes

February 14, 2013
Brandon Ivey and Paul Muolo
Three senators are pushing for 3 percent downpayment language on the QRM rule.
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Fannie Moves Closer to Selling Nonperforming Mortgages, Hires Milestone

February 13, 2013
Paul Muolo
Fannie Mae is working on a plan to sell billions of dollars of nonperforming loans in the second quarter.
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Short Takes: FHA Chief Worries About Pricing Borrowers Out of the Market / Fortress Has Plenty of Cash to Spend on MSRs / Former Freddie Executive Key Player in Cerberus REIT / New Penn Hires Correspondent Chief / Fay Servicing Who?

February 13, 2013
George Brooks and Paul Muolo
Fortress Investment Group has raised $1.6 billion to buy mortgage assets, including servicing rights.
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CFPB Warns Servicers on MSR Transfers, Nonbanks Targeted

February 12, 2013
Brandon Ivey
The CFPB has warned the mortgage banking industry that it should pay close attention to loss mitigation work when servicing rights are transferred.
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Short Takes: Is PennyMac Really a Subsidiary of PNC? / 5 Percent Will be the Downpayment Threshold in the QRM Rule / Yet Another New Player in Mortgage Insurance / MIAC Selling MSRs

February 12, 2013
Paul Muolo
Is PennyMac Financial Services, which just filed for an IPO, really part of PNC?
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Wells Fargo Contemplates Servicing Sales

February 11, 2013
Paul Muolo
Wells Fargo is contemplating selling some of its massive $1.906 trillion residential servicing portfolio while maintain a subservicing relationship with the end consumer.
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FHFA Keeping a Careful Eye on Bulk MSR Deals, Capacity a Concern

February 7, 2013
Paul Muolo
The Federal Housing Finance Agency is concerned about large scale transfers of mortgage servicing rights.
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Nationstar, in a Bid to Diversify, Agrees to Buy Settlement Services Division From Equifax

February 6, 2013
Paul Muolo
Nationstar Mortgage has agreed to buy the settlement services unit of Equifax.
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HLSS May Purchase MSRs From Outside Parties

February 4, 2013
Paul Muolo
HLSS may branch out and buy mortgage servicing rights from companies other than Ocwen.
Read More
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