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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Wingspan Gets ‘Multi-Million’ Capital Infusion, Horne Out as President

October 24, 2014
Paul Muolo
As part of the transaction, company founder and president Steven Horne will step down as president and chief executive officer, but will remain as a senior advisor.
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What We’re Hearing: More Questions About Wingspan but No Answers / Are Specialty Servicers Toast? / Should Ocwen Move Its India Workers to Upstate New York? / Mortgage Company Owner Wants to Buy Baseball Team

October 24, 2014
Paul Muolo
Note to Ocwen management: every US employee is a potential mortgage customer. Think about it.
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Guild Mortgage Buys Second Lender Within Almost a Month

October 23, 2014
Paul Muolo
Guild intends to buy even more mortgage companies. Is an IPO next?
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Short Takes: Who Might Guaranteed Rate Buy? / RPM Eyes Two More Lenders / A Non-QM IPO Already? Really? / Fitch Upgrades Shellpoint on Servicing / New Appraisal Tool From Fannie Mae / More Trouble for Nonbanks and MSRs?

October 22, 2014
Brandon Ivey, Paul Muolo, and Charles Wisniowski
We even heard one report that a non-QM firm is contemplating an initial public offering. It sounds crazy, we know…Meanwhile, it appears the states want a say in MSR transfers...
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Wells’ Sale of $39 Billion in MSRs to Ocwen Imperiled; A $14 Stock?

October 22, 2014
Paul Muolo
Ocwen said it has fixed the "back-dating" problem but it may be too late for the company.
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Short Takes: MBA Shows the Love for FHFA’s Mel Watt / Looser Mortgage Credit? Are You Crazy? / The CFPB ‘ePilot’ Moves Closer / The Fear of Running Out of Money / Are You Afraid of Ghosts?

October 21, 2014
Paul Muolo and Thomas Ressler
After all, didn’t America suffer a housing “depression” because credit was too loose? Some GOP conservatives in Congress live by the edict: those who can own; those who can’t rent…
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Phoenix Capital and IMA Unveil New MSR Auctions

October 20, 2014
Paul Muolo
Servicing brokers expect a land rush of servicing deals before yearend.
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Ginnie Mae Ushers in New Capital Rules for Issuers; Firms Will be Scored Monthly

October 20, 2014
John Bancroft and Paul Muolo
Buyers of “bulk” Ginnie mortgage servicing rights will have to meet the test by January 2015.
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A New Player in Mortgage M&A: Mid-sized Commercial Banks

October 20, 2014
Paul Muolo
Charbonneau, Klein and other advisors report that mortgage M&A activity is the strongest it has been in years.
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What We’re Hearing: MBA Turns a ‘Profit’ Again / About that MBA Office Building / The State of the Mortgage Union / The Era of Non-QM Starts Right Now / No Clarity From Wingspan / Ellie Mae’s Sky High P/E Ratio / Yet Another Departure From Nationstar Mort

October 17, 2014
Paul Muolo
Bill Dallas, who runs Skyline Lending, told us he believes the “new” non-agency movement is beginning right now. “Today, we‘re doing 90 percent agency,” he said. “In 2017 the ratio will be 60 percent agency.”
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