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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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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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Nonbank Mortgage Firms in the Hunt for M&A Deals

February 25, 2014
Paul Muolo
Then again, acquirers also may find that companies that need to sell might have a hard time admitting as much. “I’m seeing a ton of interest on the buy-side these days,” said Larry Charbonneau, a principal in Charbonneau & Associates.
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Investors Pony Up for MI Stocks, Including Hedge Fund Guru Paulson

February 24, 2014
Paul Muolo
Among those buying into MI stocks is Paulson & Co., the legendary hedge fund that made $15 billion by shorting publicly traded subprime firms via the ABX Index in the run-up to the housing bust.
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Capital Markets Cooperative Sees Explosive Growth In MSRs

February 24, 2014
Paul Muolo
In an interview with IMFnews, Millon said CMC now owns roughly $5 billion in MSRs, compared to just $1.5 billion a year earlier. “We’re buying rights from the members of our cooperative,” Million said.
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Ocwen Issues Statement on Wells Fargo MSR Deal

February 24, 2014
Paul Muolo
A spokesman for Ocwen said the company did not like the way the IMFnews story was being “interpreted.” After the story was published early Friday afternoon, Ocwen’s share price began to rise and continued to increase Monday.
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New Co-op From Robbins Eyes Secondary Market, Eventually Plans to Launch a Non-QM Conduit

February 21, 2014
Mortgage-industry veteran John Robbins has launched a new mortgage cooperative that plans to bundle mortgages for sale into the secondary market and eventually form a conduit through which it hopes to securitize non-QM loans. “We’re going after best execution,” Robbins told Inside MBS & ABS. Of course, the venture – aptly titled The Mortgage Collaborative – is...
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What We’re Hearing: Nonbank Servicers Get No Respect / Fannie Mae CEO Doesn’t Fear Nonbanks / Freddie Did It First / Ocwen’s Interesting New Bond Deal / Mortgage Vendor About to Announce a Huge Purchase?

February 21, 2014
Paul Muolo
Although some regulators have anxiety problems with nonbank servicers, Fannie Mae apparently does not. Meanwhile, a large mortgage vendor M&A deal could be revealed late Friday.
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‘Mega’ Mortgage Vendors in the Hunt for Revenue Producing Deals?

February 20, 2014
Paul Muolo
Large mortgage vendors are expected to buy smaller firms this year "and fit them to their mold," said one industry observer.
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Short Takes: MBA Speakers Go Chicken Little on MSR Transfers / But That Was Then / Essent Doesn’t Impress Everyone / Good News on Delinquencies? Maybe / Is Seterus a Buyer?

February 20, 2014
Paul Muolo
So, will banks stop selling MSRs because of the CFPB? Don’t bet on it. The sales process will just take longer.
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