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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Short Takes: MBA Hikes Origination Forecast, Applications Rise / Rep. Waters Applauds Move to Ban Incentive Payments on Force-Placed / Appraisal Complaints Continue / EverBank is How Large in Warehouse Lending?

March 27, 2013
Paul Muolo
Residential loan production for 2013 may turn out to be better than originally projected, thanks to a vastly improved purchase-money business.
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Will Fannie and Freddie Preferred Shareholders Sue FHFA? / Home Equity Lending Market Still Hurting / FGMC of Maryland Expanding TPO / More Non-Legacy Deals from MountainView, IMA Hit the Market

March 22, 2013
The $93 billion question for Fannie Mae, Freddie Mac, and FHFA: what is a "deferred tax asset" and how can it be used, if at all?
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Quicken Buying $34 Billion of GSE MSRs, Eyeing Other Deals as Well

March 21, 2013
Paul Muolo
Quicken is buying a large MSR portfolio from the government-owned Ally Bank and more deals may be in the works.
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Bob Appel, EVP of Default Servicing, Resigns from Nationstar

March 21, 2013
Paul Muolo
Nationstar Mortgage, a fast growing residential servicer, is losing the man in charge of default processing at the firm.
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Short Takes: Genworth Executive Bolts for Servicer / Hedge Funds Get Cold Shoulder from the GSEs? / Chimera Continues to Have Reporting Problems / The Cordray Saga Continues / PLS Modifications at 45 Percent

March 20, 2013
Paul Muolo and Thomas Ressler
Genworth is losing a top MI executive to a mortgage servicer. And more woes for Chimera...
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Walter Gets Big Warehouse Line, Buying More MSRs, but Loses Money in 4Q

March 19, 2013
Paul Muolo
Walter Investment Management lost money in the fourth quarter and for the full year but that's because it's been gobbling up billions of dollars in mortgage servicing rights.
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Short Takes: HUD Ready to Slash Contractors / CoreLogic Sees Improvement in Underwater Homes / Two Harbors Raises $673 Million / HSBC Planning the Mother of All NPL Auctions?

March 19, 2013
Paul Muolo
HUD may be forced to cut some of its vendors due to the federal sequester. Meanwhile, Two Harbors raises $673 million.
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Are the Loan Modification and Due Diligence Sectors Toast? / MBS Supply Barely Grows, the Federal Reserve Continues to Hog it Up / The Fannie Mae Earnings Mystery / A Penalty of $7,500 per Mortgage? / Daurio Still Working on Subprime Capital Raise

March 15, 2013
Improving loan quality is sparking a major shake-out in the due diligence sector. Can jumbo production and MBS save the day? Meanwhile, the supply of MBS expanded slightly in the fourth quarter.
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Short Takes: Freddie Still Owed $1.2 Billion From Lehman / Citi Buys NPLs from Wells / HLSS Buys Servicing Rights From Ocwen / Ross Joins Ocwen / MI Firms Fear the QRM

March 14, 2013
George Brooks and Paul Muolo
Freddie Mac is still owed $1.2 billion from Lehman Brothers, which went bust five years ago. Also, Wells Fargo sells NPLs to Citigroup.
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Ocwen Continues to Gobble Up MSRs with $85B Ally Deal

March 12, 2013
Paul Muolo
The fast growing Ocwen Financial won the bid for Ally Financial's residential servicing portfolio.
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