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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Home Point Financial Inks Deal to Buy Emery Financial’s Assets

July 27, 2016
Paul Muolo
Home Point, which has backing from a PE firm, may have its ears open to future deals…
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Short Takes: Mortgage M&A Mania Finally Arrives? / Five Oaks Halts Jumbo Aggregation / Angel Oak Rolls Out Investor NI Product / Fannie Tweaks High-LTV Guidelines / Mountain States Lead the Way, Says Black Knight

July 27, 2016
Brandon Ivey, Macie Jones, and Paul Muolo
Nonprime lender Angel Oak Mortgage Solutions is now offering a “no-income” loan to investors with credit scores as low as 660...
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Top 40 Originator EverBank in Takeover Talks with ‘Well-Respected’ Financial Services Firm

July 26, 2016
Paul Muolo
However, EverBank has been cutting back its presence in residential finance, a trend that was cemented when Tom Wind left the company in December...
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Bulk MSR Sales Heated Up in 2Q16 Along with Surge in ‘Co-Issuance’ Deals

July 26, 2016
John Bancroft
Some banks nearly tripled their bulk MSR acquisitions in 2Q16. SunTrust, for example, bought $7.41 billion of GSE servicing during the period, making it the third most active buyer in the market.
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IMA, Phoenix Capital Out With Bulk MSR Portfolios

July 25, 2016
Paul Muolo
Bids on both packages are due later in the week.
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Parent of $1.5 Billion-a-Year Shop Gets Delisted From NYSE, But the Lender Says All is Well

July 14, 2016
The J.G. Wentworth Company is in the process of being delisted from the New York Stock Exchange, sparking rumors that its mortgage subsidiary – a $1.5 billion-a-year originator – might find itself on the auction block. For now, the parent company is putting a good face on the delisting and said its mortgage division, J.G. Wentworth Home Lending, had a strong first quarter. A spokeswoman for the parent did not address a possible sale of the lender in an email exchange with Inside Mortgage Finance. In the first quarter of 2016, J.G. Wentworth lost...
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Omaha PE Firm Partners with Alterra Home Loans for ‘Significant’ Capital Raise

July 13, 2016
Paul Muolo
In 2015, Alterra Home Loans had a growth rate of 100 percent. The firm also has a small servicing portfolio but uses a subservicer to do the processing.
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What We’re Hearing: What’s $465 Billion Among Friends? / How Much More Business will Wells Fargo and JPM Cede to the Nonbanks? / Ocwen, Ocwen, Ocwen / Will the FHFA Hold a ‘Liquidity Summit’ on Nonbanks Too? / Higher GSE Capital Minimums?

July 8, 2016
Paul Muolo
Recently, rumors were making the rounds in Washington that Fannie and Freddie might be pondering an increase in their net worth minimums for seller/servicers...
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MIAC Offers Flow Deal That Could Net $900 Million Per Year

July 1, 2016
Paul Muolo
The product for sale is concentrated in Arizona, California, Florida and Texas.
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Short Takes: Maybe the ‘Brexit’ Rate Fall-Out Won’t Be So Bad for Servicers / 66% of Borrowers Eligible to Refi? / FHFA Tells Wrongdoers: Inflation Happens / Two M&A Deals Close / Zillow: FTHBs May Want to Wait

July 1, 2016
Macie Jones and Paul Muolo
A new report from Deutsche Bank estimates that a 3.5 percent rate on mortgages “puts roughly two-thirds of borrowers in the money to refinance…"
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