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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Indiana Bank Changes Mind on Unloading Warehouse Unit

November 27, 2024
Paul Muolo
The buyer of Horizon's warehouse unit was not identified in the 8-K.
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Short Takes: Pending Home Sales Increase / NerdWallet Acquires Mortgage Broker / ICE Takes Losses on Mortgage Tech Offerings / Monthly Payments Allowed Soon for NFIP

October 31, 2024
Brandon Ivey
A decline in interest rates and more housing inventory helped to increase pending home sales in September.
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Rithm Still Pondering Spinoff of Mortgage Unit

October 30, 2024
Brandon Ivey
“Candidly, we have to figure out a way to get our equity price to trade where it should trade,” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.
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Servicing Transfers (Sales) Continued to Slow in 3Q24

October 21, 2024
John Bancroft
One busy seller of mortgage servicing rights was CMG Mortgage of San Ramon, CA...
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There Goes the Mini Refi Boom?

October 21, 2024
Paul Muolo
Sales of MSRs have been slow, but some owners of MSRs could decide to unload a portion of their holdings...
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Short Takes: Update on Mr. Cooper’s Acquisition of Flagstar Assets / Home Sales Slow in CA / Interest Rates Up Again / FHLBanks Boost Affordable Housing Contributions

October 18, 2024
Brandon Ivey
Flagstar is on track to sell its mortgage servicing business and third-party origination business to Mr. Cooper Group during the fourth quarter.
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Short Takes: Projecting Impact of Hurricane Milton / Pending Home Sales Tick Up / Discount on Non-Agency Refis / Distillery Acquires Mortgage Tech Provider

October 10, 2024
Brandon Ivey
Damage costs from Hurricane Milton could affect insurance underwriting margins and earnings.
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Texas Bank Buys Mortgage ‘Shell’

September 16, 2024
Paul Muolo
Besides being an active home lender and originator, NexBank is the nation’s 13th largest warehouse provider.
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Dan Gilbert Plans to Sell Some of Large Stake in Rocket

September 11, 2024
Brandon Ivey
Currently, Dan Gilbert, Rocket’s chairman, owns about 93% of the company’s stock.
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Mortgage Branch Sales Could Turn Red Hot This Fall

September 9, 2024
Paul Muolo
“There’s a surprising amount of people moving around the industry these days," said one consultant.
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