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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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TBW’s Freddie Mac MSR Portfolio Sold

February 26, 2013
Paul Muolo
Milestone Advisors has picked a winning bidder for the MSR portfolio once owned by Taylor, Bean & Whitaker.
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JPM Will Slash Mortgage Staff, Sells MSR Platform to Wingspan

February 26, 2013
Paul Muolo
JPMorgan Chase will slash thousands of mortgage workers over the next 20 months.
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Short Takes: Lenders Will Do Battle Over G-Fees / Will PennyMac Buy Ally’s MSRs? / MGIC is a “Buy” / Radian Taps the Equities Market

February 26, 2013
Paul Muolo and Charles Wisniowski
Mortgage bankers are promising to wage war over any new guaranty fee hikes that are used for non-residential projects.
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Wells Is Not Done Tinkering with its Mortgage JVs / Redwood May Target MSRs in a Major Way / Residential Originations Slowing? / Banks No Longer Love MBS? / Ocwen Adjusts to ‘A’ Paper Servicing

February 22, 2013
Paul Muolo
Wells Fargo, the nation's largest home funder, is continuing to review its mortgage joint ventures.
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Further Drops Expected as FHA Jumbos Slip in 4Q

February 22, 2013
A modest decline in FHA endorsements of jumbo loans in the fourth quarter of 2012 could presage further declines this year, following the Department of Housing and Urban Development’s recent proposal to raise the downpayment requirement to 5 percent, from 3.5 percent, for loans above $625,500. The FHA already has raised its jumbo mortgage insurance premiums to 1.55 percent annually and increased the monthly premiums on new, non-jumbo FHA mortgages by 10 basis points. The agency retained the 3.5 percent downpayment for new forward mortgages below $625,500. The increased premiums are ... [2 charts]
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Private Equity Fund Hikes Stake in Impac Mortgage

February 20, 2013
Paul Muolo
IsZo Capital Management increases stake in Impac Mortgage.
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Short Takes: HSBC Planning the ‘Mother’ of All NPL Auctions? / Robo-Monitor A Bit Tardy On Its Report / Carrington Ramps Up Hiring Big Time / Apps Sink / Angry Law Firm Sues CFPB

February 20, 2013
Brandon Ivey, Paul Muolo, and Thomas Ressler
HSBC is planning a large nonperforming mortgage auction that could happen early in the second quarter.
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At Least $15 Billion in NPLs Will Trade This Year

February 19, 2013
Paul Muolo
The market for nonperforming mortgages could turn white hot in 2013.
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For Almost Nothing Walter Gets $12 Billion in Annual Production?

February 19, 2013
Paul Muolo
Walter Investment is buying the residential origination platform of Ally Bank for next to nothing.
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Short Takes: Will Wells Fargo Pull the Trigger on MSR Sales? / FHA Put-Backs? / The Future of Flood Insurance Is...

February 19, 2013
Paul Muolo
If Wells Fargo sells MSRs more investment vehicles dedicated to servicing rights may spring up.
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