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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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A Real Estate Fintech Takes a Test Drive in Mortgage Banking. Will Others Follow?

August 16, 2018
Zillow Group earlier this month agreed to acquire Mortgage Lenders of America, a national residential originator based in Overland Park, KS. Shortly after the announcement was made, Zillow’s share price crumbled, suggesting that investors aren’t bullish on the mortgage business these days.
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IMA Working on $20 Billion MSR Transaction

August 13, 2018
Paul Muolo
The top five sellers of bulk agency product during the first-half of 2018 were Stearns Lending, Flagstar Bank, Seneca Mortgage, United Shore Financial (parent of United Wholesale Mortgage), and loanDepot.
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Short Takes: In Non-QMs We Trust / A Land Rush Into Non-QM? / A Nonbank Buying a Bank, Not an Everyday Occurrence / Ultimate Goal: To Tap FHLB Advances? / Nick Smith Departs Blackstone TORO

August 9, 2018
Paul Muolo
Impac's Justin Moisio: “Everyone’s getting into this game.”
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Bulk Servicing Sales Continue at a Brisk Pace. A Record Year?

August 9, 2018
Paul Muolo
IMA and MountainView expect to trade more product this year than last…
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Zillow’s Share Price Crushed After Agreeing to Buy Kansas-Based Mortgage Firm

August 7, 2018
Paul Muolo
Zillow, a real estate information services company, highlighted the mortgage purchase as a key part of its third quarter results.
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PHH Continues to Sell Servicing Rights Ahead of Sale to Ocwen

August 7, 2018
Paul Muolo
In its earnings statement, PHH notes that Ocwen can terminate the acquisition if “available cash on hand falls below a prescribed amount…”
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Short Takes: R-E-S-P-E-C-T is What loanDepot CEO has for Zillow / Houlihan Lokey Advised Zillow / Shellpoint Shines / MBA Likes the Sandbox / A Handful of Promotions at PRM

August 7, 2018
Paul Muolo and Yemeng Yang
Anthony Hsieh of loanDepot: “Relax everyone. Competition is good."
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Secondary Market in Servicing Rights Gained Momentum in 2Q18

August 6, 2018
John Bancroft
In 2Q18, there was a huge increase in bulk Fannie MSR transfers…
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New Report: Over Half of Flawed FHA Loans Were Cured

August 1, 2018
George Brooks
Roughly 59.8 percent of the reviewed loans were initially deemed unacceptable.
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A Very Busy New Residential Posts a Smaller Profit

July 26, 2018
Paul Muolo
In early July, the REIT closed on its previously announced $190 million purchase of Shellpoint Partners, an acquisition that includes mortgage banking firm New Penn Financial.
Read More
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