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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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How Hot is Residential Servicing? IMA Package Gets 10 Bids

April 10, 2013
Paul Muolo
More than 10 bidders showed up for a recent auction of new Fannie Mae servicing rights, a sign that the MSR market is getting hot.
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Short Takes: About That White House Mortgage Meeting… / Wells Confirms It May Hire MSR ‘Project Manager' / NPL Sales Could Double / Mortgage Applications Rise, So Do Refis

April 10, 2013
Paul Muolo
The upcoming White House meeting on mortgage and housing issues may not address loan standards at all. Wells confirms plan to hire MSR 'project manager.'
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Wells Fargo Searching for Executive to Aid the Bank in Selling Servicing

April 9, 2013
Paul Muolo
Wells Fargo is in the hunt for a top servicing executive to aid the bank in its pursuit of MSR sales, sources told Inside Mortgage Finance.
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Bank of America Selling $16 Billion of Servicing Rights

April 8, 2013
Paul Muolo
Bank of America is once again offering for sale a large package of mortgage servicing rights and at least a half-dozen or so buyers are lining up to bid.
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Short Takes: Obama Budget Cliff Hanger: Will FHA Need an ‘Appropriation?’ / Of Hedge Funds and GSE Acknowledgement Letters / Union Bank Expands Commercial Presence / Competition for ASF

April 8, 2013
Paul Muolo and Brandon Ivey
Will FHA need a government bailout? Better read the new Obama budget document.
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AZ Court to Weigh Approval of Sale of PMI Assets to Arch Capital

April 4, 2013
George Brooks
An Arizona court is expected to rule soon on whether to approve a proposed asset and stock purchase agreement worth up to $267 million between the appointed receiver of PMI Mortgage Insurance Corp. and private-equity investor Arch Capital.
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Best Liquidity in Five Years for ‘Flow’ and ‘Bulk’ MSRs

March 29, 2013
Paul Muolo
Sellers of 'flow' and 'bulk' mortgage servicing rights are seeing a noticeable increase in prices for their MSRs as buyers chase both quality and bargains.
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Is Fannie Mae’s NPL Auction on Hold? / Nationstar Mortgage Eyeing Jumbo MBS / Credit Suisse Goes Jumbo Once Again / It Looks as Though Freddie Will Claim Deferred Tax Assets Too / Clayton Bullish on Surveillance

March 29, 2013
Fannie Mae may be having second thoughts about selling nonperforming loans into the secondary market where cash-rich investors are waiting with bated breath.
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OCC: Banks See Major Improvement in Residential Late Payments

March 28, 2013
Brandon Ivey
Is the tide turning on residential delinquencies suffered by banks or do the numbers look better because the group is selling legacy MSRs?
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Armed with $500 Million in Cash, Sterling Now Actively Bidding on MSRs

March 27, 2013
Paul Muolo
Sterling Partners of Chicago is one of many private equity firms eying servicing rights as an investment. But so far, it has yet to win any bids.
Read More
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