Quicken Expected to Offload MSRs in a Hot Market July 8, 2021 A stampede to sell MSRs in the third quarter? That's what the dealmakers are expecting...Read More
Mr. Cooper Selling Off its Reverse Mortgage Servicing Business July 6, 2021 Brandon Ivey The sale of the Champion Mortgage reverse mortgage servicing portfolio allows Mr. Cooper to focus on its core business and improve profitability.Read More
Blend’s IPO Could Raise Upwards of $414 Million July 6, 2021 Brandon Ivey The IPO values Blend at more than $4.0 billion.Read More
Mortgage M&A Remains Hot. Caveat: Sellers Remain Picky June 28, 2021 Paul Muolo The mortgage M&A market is pockmarked with indecisive sellers...Read More
JPM, Others Boost Investment in Non-Agency Aggregator Maxex June 22, 2021 Brandon Ivey Maxex chief Tom Pearce said the latest investments by AGNC and Moore are part of a new equity incentive model.Read More
Short Takes: Ocwen Strikes Again in M&A / Expanding Its Reverse Universe / (Recent) Past Deals / Denial Rates Released Via HMDA / New Hires for Deephaven Mortgage June 18, 2021 Paul Muolo Ocwen has its check book out. Who's next on its buying ist?Read More
Top-50 Ranked NB Moves to Purchase Roscoe of Texas June 15, 2021 Paul Muolo No information was available on Roscoe’s residential business. Its home lending portfolio totals just $24 million.Read More
Credit Union Steps Up to Buy TIAA’s Correspondent Unit June 9, 2021 Paul Muolo No purchase price was revealed. It marks at least the second known correspondent sale of the spring/summer season...Read More
A Different Kind of M&A: Regions Strikes Deal to Buy HIL Firm June 8, 2021 Paul Muolo EnerBank — a subsidiary of CMS Energy — has funded $11.6 billion in home improvement projects since 2002 and currently boasts loan balances of $2.8 billion.Read More
Bank Selling $5.4 Billion of MSRs Through Phoenix Capital June 7, 2021 Paul Muolo The Fannie Mae/Freddie Mac portfolio is collateralized by 30- and 15-year product, with weighted average coupons of 3.19% and 2.80%...Read More
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