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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Short Takes: PHH Sees Its Gain-on-Sale Drop / Flippers Say ‘Viva’ Las Vegas and Orlando Too / Auction.com Sells Apartment Buildings in Competitive Bid / Treasury Comes Clean on HAMP / Sen. Corker Uncorks

May 2, 2013
Paul Muolo and Brandon Ivey
PHH Mortgage saw its gain-on-sale margin decline but it marked up the value of its MSRs.
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Denver Nonbank W.J. Bradley Does ‘Roll Up’ Deal with Washington Lender

May 1, 2013
Paul Muolo
W.J. Bradley isn't necessarily buying Legacy Group Lending, but the two firms are combining forces.
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SunTrust Mortgage Executive Seth Sprague Departs

April 30, 2013
Paul Muolo
Sprague, a veteran of SunTrust, Bank of America, and Matrix Capital, has joined Phoenix Capital.
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Cole Taylor Will Continue to Buy MSRs, New Call Center About to Open

April 29, 2013
Paul Muolo
Cole Taylor Mortgage, which has grown its servicing portfolio ten-fold in the past year, is now an active Ginnie Mae issuer.
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IMA in the Market with a $900 Million Flow MSR Deal

April 29, 2013
Paul Muolo
The "flow" market for mortgage servicing continues to improve. IMA is in the market with a new package and others are on the way.
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What We’re Hearing: What Happened at that White House Mortgage Meeting? / GSE Net Worth May Double / Market Share to Shift to FHA? / Largest Decliners in Fundings Use Brokers / What’s Next for CashCall?

April 26, 2013
The White House wants to change the HARP eligibility date, making more underwater borrowers eligible for the program, Inside Mortgage Finance has learned.
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Originations Flat at EverBank in 1Q, But Thrift is Ready to Part With Jumbos

April 25, 2013
Paul Muolo
EverBank funded $2.9 billion of home mortgages in the first quarter, a bit below one estimate of $3.3 billion.
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Michael Lau’s Pingora Buys Delaware Mortgage Banking Firm

April 24, 2013
Paul Muolo
Michael Lau, the man who helped Phoenix Capital corral Bank of America as a client, has purchased his own mortgage banking firm.
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Short Takes: Stearns Gets Serious About Servicing / BofA Has High Delinquencies on Second Liens / FHFA Continues to Hunt for MBS Platform CEO / Akre Departs Trading Firm for Oak Circle / CFPB Frets About Pay Day Lenders

April 24, 2013
Paul Muolo and Thomas Ressler
Stearns Lending, one of the fastest growing servicers in the U.S., has hired a new manager to help it with servicing acquisitions.
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Flagstar Sees Production Decline, Stock Hammered in Trading

April 24, 2013
Paul Muolo
Although Flagstar earned money on its mortgage business in the first quarter, its gain-on-sale margin took a major hit.
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