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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Thanks to Rising Rates, MSR Gains Boost Nationstar’s 4Q16 Bottom Line; Strong Revenue Growth Overall

February 22, 2017
Paul Muolo
Nationstar said it expects to board $144 billion of additional contracts in 2017, $111 billion of which is subservicing for New Residential Investment Corp.
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New Rez: Large MSR Transfers from Banks to Nonbanks DoA; REIT in Talks with the FHFA…

February 22, 2017
Brandon Ivey
Officials at New Rez are set to meet with the FHFA to discuss servicing issues, including MSR financing…
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PE Investors Making Bets on Mortgage ‘Disruptors.’ Building a Better Mousetrap?

February 22, 2017
Paul Muolo
Nexera founder and CEO Steve Abreu – a former GMAC executive – said there’s a great deal of interest from PE firms in the “disruptor” segment…
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MSR-Investing REIT New Residential More Than Doubles 4Q Profit to $225 Million

February 21, 2017
Paul Muolo
At Dec. 31, New Residential valued its mortgage servicing portfolio at $659 million...
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Short Takes: CoreLogic Executive Departs. No Reason Given / Getting Excited About Ocwen? / What Does Bill Erbey Know? / MountainView Hits Market with Two New MSR Deals / Norcom Expands Into Tampa

February 21, 2017
Paul Muolo
No details were available on why Dave Hurt parted ways with CoreLogic...
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More Red Ink for PHH in 4Q16; Nonbank Continues to Sell Assets; CEO Messina Sees Future as a ‘Capital Light’ Business

February 16, 2017
Paul Muolo
Over the past two years, PHH has lost $347 million, much of it caused by a private-label origination model that has fallen on hard times and rapidly declining interest rates…
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The Mortgage M&A Game is On! In the Hunt: Blackstone, Flagstar and Others

February 15, 2017
Paul Muolo
“Anytime you have rates run up by 50 basis points, it usually takes about 90 days before a washout begins,” said one mortgage advisor.
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SoftBank of Japan Agrees to Buy Fortress, Largest Investor in Nationstar Mortgage

February 15, 2017
Paul Muolo
It’s unclear at this point what the takeover might mean, if anything, for Nationstar, whose own share price has rallied the past few months.
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Short Takes: Branch Manager Departures at loanDepot / Nationstar a Candidate for PHH MSRs? / Delinquencies Spike in Some Categories / Still in Love with Ocwen: Bill Erbey / Coming Soon: Warehouse Ranking

February 15, 2017
Paul Muolo
Bill Erbey, who was forced out by financial regulators two-plus years ago, controls 16.8 percent of Ocwen Financial...
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A Large 4Q16 Loss for PHH; More Asset Sales...

February 15, 2017
Paul Muolo
Among the key announcements: the company is selling its PHH Home Loans joint venture to Guaranteed Rate; unloading its private label operations to LenderLive Network, and monetizing “certain” servicing assets.
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