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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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What We’re Hearing: A Title Firm is Courting Allonhill / Clayton and Digital Risk Tops in Due Diligence? / Wells Fargo’s Presence in India / Mortgage M&A About to Explode? / The QRM Cop-out

August 30, 2013
A title insurance firm is taking a close look at due diligence provider Allonhill. Meanwhile, mergers and acquisitions in the residential finance industry could explode.
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MountainView Selling $1.4 Billion of Fannie/Freddie MSRs

August 26, 2013
Paul Muolo
MountainView Servicing Group has set a bid deadline of August 29 on the Fannie Mae/Freddie Mac MSRs.
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What We’re Hearing: Florida Capital Cuts Staff, Doesn’t Look Back / Is Wells Retreating From Mortgage Banking? / The Only Lenders Loosening Standards Are Credit Unions / Wanted: LOs with Strong Ties to Realtors, Builders / Fortress Hunts MSRs

August 23, 2013
Just how brutal will this mortgage correction be? One thing's for certain: loan officers with close ties to Realtors and builders will be golden.
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Wells Moves Closer to Large MSR Sale, Lays Off 2,300; LOs Spared

August 22, 2013
Paul Muolo
A spokesman for Wells Fargo told Inside Mortgage Finance that “most of the displacements were on the fulfillment/processing side” of the business and did not include loan officers.
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Short Takes: LoanDepot Chief Promises No Layoffs in Merger Deal / Hedge Funds Short PHH / Flagstar’s MSR Deal Not Quite Done / FDIC to Meet on Mortgage Risk Retention / Who Cares About GSE Reform?

August 22, 2013
When LoanDepot and imortgage.com merge don't expect any layoffs to occur. Meanwhile, speculators are shorting PHH's stock.
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FHFA IG: Fannie/BofA Buyback Settlement Exposes Policy Review Shortfalls

August 21, 2013
Charles Wisniowski
The $11.6 billion deal resolved Fannie's long-standing claims that BofA sold the GSE defective mortgages and mishandled various loans it serviced for Fannie between 2000 and 2008.
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Sources: Two Harbors, Walters Bid on Flagstar MSRs; LoanDepot to Merge With imortgage

August 21, 2013
Paul Muolo
The mortgage M&A market is beginning to heat up. Flagstar has auctioned off two large MSR packages, and LoanDepot is merging with another firm.
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Short Takes: Cerberus Eyes More Mortgage M&A / California Lenders Expand to East Coast / Altisource Buys Equator / CFPB Slams Nonbanks and Depositories for Poor Servicing Practices / CFPB Targets Morgan Drexen

August 21, 2013
Paul Muolo and Thomas Ressler
Cerberus Capital is contemplating purchasing additional mortgage banking firms. Meanwhile, the CFPB doesn't like what it sees in the servicing space when it comes to customer service.
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PHH Getting Ready to Unload Mortgage Servicing Rights?

August 19, 2013
Paul Muolo
PHH Mortgage may unload billions of dollars in housing receivables, while remaining as the subservicer on the underlying loans.
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Short Takes: Provident Top Ranked Table Funder in 2Q / Realty Giant Files to Go Public, Cites Mortgage Risks / Mini-Correspondent Programs Sprout Up / Ex-Fannie Executive Wants Justice, Privatization / How to Spy on the CFPB

August 19, 2013
Paul Muolo and Thomas Ressler
Mini-correspondent lending is hot, but wholesale may be on the decline. Surprise: RE/MAX files to go public.
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