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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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A Lull in Mortgage Servicing Sales. Will It Last?

June 24, 2024
Paul Muolo
This year, MSR sales could drop to $500 billion, still a great year historically speaking...
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Short Takes: Big Buying Plans for Freedom? / Go With Debt / No Impact / JPM’s Flagstar Plans? / FHFA’s New Congressional Liaison

June 24, 2024
Paul Muolo
Freedom Mortgage reportedly has an unquenchable thirst for MSRs these days, including higher coupon product.
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Short Takes: VA Adjusts on Commissions / Locks for Refis Jump / UWM Fueling Annaly’s ECM MBS / Broker Groups Form Alliance / Great Ajax Shifts Focus

June 11, 2024
Brandon Ivey
VA stressed that borrowers should still negotiate their buyer-broker fee and that homebuyers can still ask sellers to pay the fees at closing.
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UBS Shopping Select Portfolio Servicing, Again

June 7, 2024
Paul Muolo
SPS, which has been servicing residential loans since 1989, handles a portfolio of about $180 billion, largely of loans in non-agency mortgage-backed securities.
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Short Takes: Michael Cohen’s HELOC / Expanded-Credit Impairments Decline / Pending Home Sales Slow / Lender M&A

May 31, 2024
Brandon Ivey
Michael Cohen, former President Donald Trump’s former attorney, testified during the trial that he used proceeds from a personal home equity line of credit to pay off Stormy Daniels on behalf of Trump.
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Megabank Unloads a Large Chunk of MSRs. Size: $12B-$15B

May 13, 2024
Paul Muolo
At March 31, U.S. Bank owned $347.7 billion of MSRs, ranking ninth among all servicing owners.
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Short Takes: Ocwen Selling Some MSRs / Angel Oak Selling Off Older ECMs / Non-Agency Lender Takes Slight Loss / Attorneys Form Compliance Advisor

May 3, 2024
Brandon Ivey
Ocwen received an exceptionally strong bid for some of its MSRs and opted to sell.
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Short Takes: Mortgage Demand Declines / NewRez Spin-Off a Work in Progress / New HEI Securitization / More Non-Agency MBS

May 1, 2024
Brandon Ivey
On an annual basis, mortgage applications were down 9.2%.
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Short Takes: Bank Expands Mortgage Efforts / AAA Ratings for the GSEs / Home Sales Decline / Small M&A Deal

April 19, 2024
Brandon Ivey
“We believe mortgage banking will provide additional service to our customers and eventually contribute to our profitability,” Bank OZK said.
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Short Takes: Chris George Strikes Again in New England / The Pacific Northwest Too / Banks Ceding Market Share / Awash in MSRs to Buy / Then and Now

April 15, 2024
Paul Muolo
More M&A for Chris George's CMG Mortgage...
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