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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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InterLinc Mortgage Hunting for More M&A Deals

March 6, 2014
Paul Muolo
The InterLinc executive said there’s a great deal of interest from potential acquisition targets, but he cautions that, “Not everyone wants to make the move.”
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Google Pays $50 Million for 4 Percent Stake in Auction.com; Trouble for Realtors?

March 5, 2014
Paul Muolo
Some mortgage technology consultants, speaking on-background, are prophesizing that the investment will lead to Google moving into the realty market and becoming a direct competitor to traditional Realtors.
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More Fuel for a Red-Hot MSR Market: Long-Term Financing for Selected Buyers

March 4, 2014
Paul Muolo
In addition to its advisor role, Steadfast will purchase a participation in each MSR loan made by Customers Bank.
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Short Takes: Jamie Dimon’s Biggest Regret: Default Servicing / Ocwen Comments on MSR Prices / AHP Buying NPLs / Mortgage Master Continues Expansion / PNC’s Mortgage Woes

March 4, 2014
Brandon Ivey and Paul Muolo
Add default servicing to the list of things JPM's Jamie Dimon doesn't like about the mortgage industry.
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Ocwen Still No. 1 in Subprime Servicing, By Far

March 2, 2014
Paul Muolo
Ocwen’s subprime receivables were purchased in the secondary market from other firms trying to exit the space.
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Well Known Mortgage Trainer Barry Habib Resigns from RFC

March 2, 2014
Paul Muolo
In an interview with IMFnews, Habib confirmed his resignation, but declined to say anything further about the company’s future.
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Nonbanks Start to ‘Lawyer Up’ Thanks to the Ocwen Mess

February 28, 2014
Paul Muolo
In an earnings call this week, company founder and Executive Chairman Bill Erbey offered no further insight as to when the sale will be approved.
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What We’re Hearing: Bill Erbey Does Not Scare Easily / What Does Wells Think of the Ocwen Mess? / At Least Freddie Loves Ocwen / Green Tree May Be Next / More Mortgage Layoffs on the Horizon / Time to Regulate the CFPB?

February 28, 2014
Paul Muolo
What does the seller of the MSRs think about what's going on with the DFS? A spokesman for the nation's largest lender and servicer told IMFnews: "Wells Fargo has not been a party to any discussions with the New York Department of Financial Services regarding Ocwen."
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Three Brokerage Firms Traded Over $1 Trillion in MSRs Last Year

February 26, 2014
Paul Muolo
Fear and loathing when it comes to mortgage servicing sales? Maybe now, but not in 2013.
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Short Takes: The Ocwen MSR Saga Continues / India Mortgage Workers in Trouble? / Redwood Has Strong Commercial Originations But… / MSR Auctions from MIAC and Prestwick / Stonegate’s MSRs Worth A Lot More

February 26, 2014
Paul Muolo
Of course, Ocwen is hardly alone when it comes to having a large overseas mortgage workforce. Wells Fargo and Nationstar, we’re told, also have decent sized back office operations in India…
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