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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Flagstar Makes a Bold Move: Agrees to Buy Stearns’ Correspondent Platform

February 6, 2017
Paul Muolo
The business that Flagstar will acquire has 250 correspondent relationships that account for roughly $7 billion in production tied to agency and GSE loans.
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What We’re Hearing: Mnuchin Has Been Concentrating on the GSE Issue / More Banks Expected to Outsource Servicing / Showing the Love for Servicing / And You Can Have Your Stock Back Too / The Cordray Check: Still in Town, Still Running the CFPB

February 3, 2017
Paul Muolo
When commercial banks run screaming from a business, it usually opens up a huge opportunity for nonbanks…
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MountainView, Phoenix Capital Out with New MSR Deals

February 2, 2017
Paul Muolo
With interest rates staying steady the past few weeks, more bulk MSR deals are hitting the market.
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Short Takes: A Bank in the Hunt for Mortgage M&A / PRMI Has Record Year / Citadel Passes the $1 Billion Mark / SFIG Starts ‘Grassroots’ Effort / SoFi Buys Zenbanx / Why Didn’t You Go With Me? Was it Something We Did?

February 2, 2017
Brandon Ivey and Paul Muolo
The "Lost Sales Analysis" product – licensed from its developer, Equifax – helps originators determine if applicants closed a mortgage with a competitor.
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Analysts Raise Concerns About New Residential’s Hunger for MSRs

January 31, 2017
Paul Muolo
Keefe, Bruyette & Woods is worried about the prepayment risk that comes with owning so much Fannie Mae/Freddie Mac servicing rights…
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Citigroup Kisses MSR Business Goodbye; A Rising Force Named ‘New Rez’

January 30, 2017
Paul Muolo
The last company to go on an MSR acquisition binge this fierce was Ocwen Financial…
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Short Takes: Okay, Which Bank Will Exit the MSR Market Next? / The Trump Factor / The Fortress-New Rez Connection / Behind the Scenes at Nationstar / Arch Announces MI Manual Update

January 30, 2017
Paul Muolo
Fortress also owns roughly 70 percent of Nationstar Mortgage, a stake it has held for quite some time.
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Citigroup Announces Plan to Exit Residential Servicing Business; Will Take a $400 Million Charge

January 30, 2017
Paul Muolo
New Residential, a publicly traded REIT, will obtain the rights to roughly 780,000 loans ($97 billion) guaranteed by Fannie Mae and Freddie Mac...
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Bulk MSR Transfers up Sharply in Late 2016; Co-Issuance Sector Cooled

January 30, 2017
John Bancroft
Bulk transfers of Freddie Mac MSRs also increased dramatically in 4Q16, more than doubling to $17.52 billion…
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Willie Newman’s Home Point Financial Agrees to Buy #41 Ranked Stonegate

January 27, 2017
Paul Muolo
In the past, Home Point has been a selective buyer of servicing rights and other companies...
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