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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Ocwen Will Sell $162 Million of Preferred Stock

May 9, 2013
Paul Muolo
Ocwen has registered preferred shares with the NYSE. The sale will benefit WL Ross & Co.
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Two Harbors Reveals Name of Mortgage Banker it Purchased

May 8, 2013
Brandon Ivey
Besides entering the servicing arena, Two Harbors Investment Corp. is building an originator network to issue non-agency jumbo mortgage-backed securities on its own.
Read More

Nationstar to Buy Direct-to-Consumer Lender, Increases Flow MSR Goals

May 7, 2013
Paul Muolo
Nationstar Mortgage is getting serious about the origination business. On Tuesday it revealed plans to purchase a high-volume call center operation.
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What We’re Hearing: Fannie and IBM Working on a Huge Outsourcing Deal? / MBS Issuance Continues to Head North / Wealth Management Division of Banks Cleaning up on Jumbos? / Is Vericrest the Next Ocwen? / Two Harbors Ramps Up to Buy MSRs / Maloni to M

May 3, 2013
Fannie Mae and IBM are working together on at least one big technology project: a new data center. But is the relationship about to go even further? Meanwhile, MBS issuance stayed hot in April.
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Thanks to MSR Acquisitions, Nonbanks Continue Assault on the Servicing Market

May 2, 2013
John Bancroft
In the first quarter nonbanks continued to gain significant market share in the residential servicing business, according to a new and exclusive ranking from Inside Mortgage Finance.
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Ocwen Eyeing $375 Billion in Acquisitions, Reports Record Revenue

May 2, 2013
Brandon Ivey
Thanks to its servicing business, Ocwen posted strong earnings in the first quarter but questions have been raised about its gain-on-sale margin.
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IMA Finds Buyer for $12.7B of MSRs, Floats Another Large Package

May 2, 2013
Paul Muolo
The bulk servicing market is showing signs of heating up: IMA has two deals totaling $23 billion in the works.
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Short Takes: PHH Sees Its Gain-on-Sale Drop / Flippers Say ‘Viva’ Las Vegas and Orlando Too / Auction.com Sells Apartment Buildings in Competitive Bid / Treasury Comes Clean on HAMP / Sen. Corker Uncorks

May 2, 2013
Brandon Ivey and Paul Muolo
PHH Mortgage saw its gain-on-sale margin decline but it marked up the value of its MSRs.
Read More

Denver Nonbank W.J. Bradley Does ‘Roll Up’ Deal with Washington Lender

May 1, 2013
Paul Muolo
W.J. Bradley isn't necessarily buying Legacy Group Lending, but the two firms are combining forces.
Read More

SunTrust Mortgage Executive Seth Sprague Departs

April 30, 2013
Paul Muolo
Sprague, a veteran of SunTrust, Bank of America, and Matrix Capital, has joined Phoenix Capital.
Read More
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