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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Mortgage Banking Solutions Selling Wholesale Lender

August 25, 2015
Paul Muolo
MBS Managing Partner Chuck Klein said the company in question owns at least $3 billion in mortgage servicing rights...
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Did Blackstone Pay a Premium for Stearns? Not Likely

August 24, 2015
Paul Muolo
Stearns Lending has been on the auction block for well over a year, maybe longer...
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What We’re Hearing: Who’s Going Public? / The FIG of Houlihan Lokey Has Been Busy / loanDepot’s Investor? / Thank You, China / Chinese Nationals Need to Pay in Dollars / Mortgage Debt Should Rise Soon / How Donald Trump Might Pay Off Our Bills

August 14, 2015
Paul Muolo
When a nonbank unveils a nonconforming product that can’t be securitized the first question we ask is this: where will the loans ultimately reside?
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MIAC: First Half a ‘Buyer’s Market’ for Servicing Rights

August 13, 2015
Paul Muolo
Is the bulk MSR market in the doldrums?
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Short Takes: Neighborhood Watch Program Goes Down Without Explanation / Compass Point Repeats ‘Sell’ Rating on Walter / DeMarco Stresses Data Standardization / Houlihan Lokey Prepares IPO / Wolters Gets Ready for HMDA Changes / Carrington Hires PennyMac E

August 13, 2015
George Brooks, Carisa Chappell, and Paul Muolo
HUD's Neighborhood Watch system is down, but this cabinet level agency has no explanations for the press or public
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Sale of RoundPoint to PIMCO Appears to be Dead – Again

August 11, 2015
Paul Muolo
Both parties, to date, have declined to discuss the situation.
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Short Takes: Blackstone Finally Admits, Yes We’ve Been Buying Some Mortgage Companies / Who is Brian Libman? / Cherry Hill Joins an FHLB / Sistar Mortgage is Hiring / MCT Lands CMG Official

August 11, 2015
Paul Muolo
The Blackstone Group has finally lifted the 'cone of silence' on its acquisition of mortgage lenders. But will it disclose origination figures?
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What We’re Hearing: Is PHH the Next Ocwen? / A Marketing Service Agreement Problem? / Time to Buy Beat-Down Mortgage Stocks? / Another Tech Bubble? / BofA Selling NPLs and RPLs / Realtors Optimistic but Concerned Too

August 7, 2015
Paul Muolo
Meanwhile, PHH may be facing exposure on a front that investors had no clue about until recently: marketing service agreements...
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A Tale of Two Mortgage M&A Deals: Blackstone Buys PMAC; RoundPoint Off the Auction Block?

August 6, 2015
The Blackstone Group this week finally completed its purchase of all or parts of PMAC Lending, a California-based lender that will help the investment banking firm establish itself in the red-hot West Coast mortgage market. Although the publicly traded Blackstone has maintained a cone of silence regarding its talks with PMAC, employees of the Chino Hills lender began reporting the news themselves through various social media outlets, including Facebook. At least two other nonbank lenders are in talks with Blackstone, one in California and one in Pennsylvania. A spokeswoman for Blackstone declined...
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Two Harbors Boosts Income by 135 Percent, Will Focus on Jumbos, Acquiring MSRs

August 5, 2015
Brandon Ivey
Two Harbors is starting to offer “expanded credit” mortgages via its conduit, including allowing for lower credit scores and higher loan-to-value ratios.
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