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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Bank of America Sells GNMA Servicing Rights to Carrington. But How Much?

March 24, 2015
Paul Muolo
Sources note that earlier in the year, the privately held Carrington was the winning bidder on a roughly $20 billion package of Ginnie MSRs sold by BofA.
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Ocwen Dumping ‘Clean’ GSE Servicing Rights First; Then the Hard Part Comes

March 24, 2015
Paul Muolo
But now comes the hard part for Ocwen: Unloading Fannie Mae and Freddie Mac receivables that have delinquencies.
Read More

Sale of RoundPoint Hits a Snag, Company Still In Play: Sources

March 23, 2015
Paul Muolo
"There was a deal, but it went by the boards," said one source close to the servicer.
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HLSS Faces Delisting From NASDAQ

March 23, 2015
Paul Muolo
Home Loan Servicing Solutions, which is slated for sale to New Residential Investment Corp., said it has received notice from the NASDAQ that it is no longer in compliance with the exchange's listing requirements, which means it could eventually be removed from the trading board.
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What We’re Hearing: High-Touch Toast? / Not Wells Fargo’s Idea? / Regulators Wake Up and Smell the Coffee on Nonbanks? / IMA Selling $20 Billion of MSRs / Citadel’s Nonprime Run-Rate Hits $300 Million

March 20, 2015
Paul Muolo
Interactive Mortgage Advisors is working on several servicing transactions totaling about $20 billion in product. But the receivables are being offered through private negotiation only...
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Houlihan Lokey: $500 Billion in MSR Sales This Year

March 19, 2015
John Bancroft
And let the selling begin! 2015 could be a banner year for MSR sales.
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Ocwen Inks Yet Another MSR Sale: $9.6 Billion of Freddie Product to Walter

March 18, 2015
Paul Muolo
Ocwen Financial is turning into an MSR selling machine!
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Sources: JPMorgan the Buyer of Ocwen’s $45B Fannie MSR Portfolio

March 17, 2015
Paul Muolo
Walter Investment also was looking at the Ocwen receivables, sources said.
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Short Takes: Consumer Reports Advises Against Using Loan Brokers / NAMB: Come to Work With Us / Five Oaks Flying Solo on Jumbo MBS / Auction.com: Washington is Flipping Heaven / Ginnie MSRs for Sale

March 17, 2015
Brandon Ivey and Paul Muolo
“We don’t recommend that you hire a mortgage broker” for rate shopping purposes, says Consumer Reports magazine...
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Nonbank Selling $1.34 Billion of GSE and Ginnie Mae MSRs

March 16, 2015
Paul Muolo
Texas is well represented in the bulk package being offered by Phoenix Capital.
Read More
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