HomeStreet Bank Looks to Sell Mortgage Origination Business, MSRs February 15, 2019 Brandon Ivey The Seattle-based depository hired Keefe, Bruyette & Woods and MountainView as sale advisors…Read More
Activist Elliott Pondering a Bid for Deephaven Mortgage? February 15, 2019 Paul Muolo Non-QM lenders are in demand these days, or so it appears…Read More
Short Takes: A Nice Month for Pershing Square / No Mention of the GSEs / A Mortgage-Related M&A Deal Drags On / Delayed by the Chinese New Year / A New MBS From Deephaven / Pavaso Hires Mortgage Tech Vet Tim Anderson February 13, 2019 Paul Muolo and Brandon Ivey After two-plus years of waiting, the Genworth deal has yet to close... Read More
PE Firm to Take Ellie Mae Private in a Deal Valued at $3.7 Billion February 12, 2019 Paul Muolo Under the terms of the agreement, Ellie Mae shareholders will receive $99.00 in cash per share. Read More
A Tiny 4Q18 Profit for New Residential February 12, 2019 Paul Muolo New Rez continues to gobble up MSRs like there's no tomorrow...Read More
It’s Official: Ditech Readies Second Trip Into Bankruptcy, Seeks to Eliminate $800M of Debt February 11, 2019 Paul Muolo Ditech revealed that "any and all bids" for the company or its assets will be evaluated...Read More
Short Takes: Exiting a GSE Investment / The Fed Likely Will Greenlight the BB&T-SunTrust Merger / No. 9 / Please, Just Don’t Pick a Name Like Mr. Cooper / How Much Lower Can Ditech Go? / CoesterVMS? February 11, 2019 Paul Muolo The big unknown about the merger: Once completed, what name will the new bank and mortgage company take? Read More
A Mortgage Giant in the Making? BB&T, SunTrust Set Merger February 7, 2019 Paul Muolo Once the merger is completed, the combined institution will rank ninth, just ahead of AmeriHome Mortgage.Read More
Mortgage Tech in Transformation? Ellie Mae Contemplates a Sale February 7, 2019 Yemeng Yang Industry consultant Paul Hindman: “It’s all about the next tech platform.”Read More
Short Takes: Hoping and Praying for the Right GSE Outcome / Contemplating a Settlement by the Government / Setting the Table for a Merger / #9 Mortgage Dream: SunTrust-BB&T Deal / IMA’s Bulk MSR Deal February 7, 2019 Paul Muolo Open hostility toward the government's GSE case?Read More
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