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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Castle & Cooke Mortgage Sold to CEO Adam Thorpe and Eli Global

May 31, 2018
Paul Muolo
Based in Durham, NC, the privately held Eli Global has insurance assets and tries to keep a low profile.
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Short Takes: Mel Watt’s Successor May Be… / Morgan Stanley had a Role in the FAMC Deal / Consolidation Nation? / A New MBS from Redwood / New Hires for Home Point

May 31, 2018
Brandon Ivey and Paul Muolo
The consolidation tidal wave approaches ... or maybe not...
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IMA, Phoenix Offering MSR Packages

May 29, 2018
Paul Muolo
According to the offering circular, the average loan balance is $230,368 with delinquencies totaling 5.80 percent...
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Short Takes: Stated-Income Alert / FHLBank Loses Another MBS Case / New CFO at Impac / MSR Consulting M&A

May 22, 2018
Brandon Ivey
If stated income appears to be overstated by 15.0 percent or more, PointPredictive notifies the lender so additional verification can be completed.
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A Huge Merger in Chicago: Fifth Third Bancorp to Buy MB Financial

May 21, 2018
Yemeng Yang
Fifth Third Bancorp announced on Monday that it has agreed to buy MB Financial in a transaction valued at approximately $4.7 billion. The combined company will then rank fourth in total deposits and second in retail deposits in Chicago market. It will also have a 20 percent share of middle market relationships in Chicago, ranking it second.
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M&A Market Heats Up, Union Home Buys Arizona Lender

May 16, 2018
Paul Muolo
UHM has roughly 130 retail branches across 36 licensed states…
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Short Takes: Time to Change the QM Rule? / Bright Tapped to Head Ginnie / MSR Sellers Sitting Pretty? / After the Recession… / Applications Decline Again / NAR’s Chief Lobbyist Sets Retirement Date

May 16, 2018
Paul Muolo and Yemeng Yang
Residential firms looking to sell mortgage servicing rights are in a sweet spot right now. However...
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HomeStreet Contemplates Selling a $5 Billion Package of Servicing Rights

May 15, 2018
Paul Muolo
HomeStreet restructured its mortgage business last year…
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Phoenix Ready to Auction MSR Flow Package

May 14, 2018
Paul Muolo
Much of the product is projected to come from California, Florida and Texas.
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Capital One Selling $17.0 Billion Loan Portfolio to Subsidiary of Credit Suisse, Which Will Sell to PIMCO

May 9, 2018
Brandon Ivey
As of the end of March, Capital One handled a $25.78 billion servicing portfolio, making the firm the 49th largest servicer, according to Inside Mortgage Finance.
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