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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Short Takes: Profits Down on Timing Quirk / Unsolicited Bid for Two Harbors / CrossCountry to Acquire Summit Funding / Loan Star Fund Eyes $10 Billion of Non-Agency Mortgages

March 19, 2026
Brandon Ivey
Due to accounting rules, earnings from the loans locked during the third quarter of 2025 were recognized in the third quarter rather than the fourth quarter.
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Shareholder Service Recommendation a Hurdle for UWM’s Plan

March 18, 2026
Brandon Ivey
Institutional Shareholder Services recommended that Two Harbors shareholders vote against the planned acquisition by UWM.
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Short Takes: Freedom to Acquire Seneca Mortgage Servicing / Two Harbors Vote Extended / Experian Offers Free Preview of Verification / Community Bank Launches Mortgage Unit

March 17, 2026
Brandon Ivey
Seneca owned mortgage servicing rights with an unpaid principal balance of $42.31 billion as of the end of December, according to estimates by Inside Mortgage Finance.
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Newfi Lending Eyes Growth Through More Investments

March 16, 2026
Abby Zimmardi
Newfi is looking for fill-ups or minority investment opportunities to grow its business.
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Short Takes: UWM Touts Benefits for Two Harbors Shareholders / CrossCountry Forms Builder Division / Margins Decline at Homebuilder / Iran Conflict and Home Purchases

March 12, 2026
Brandon Ivey
There are indications that some Two Harbors shareholders will oppose the planned acquisition by United Wholesale Mortgage because it’s an all-stock deal and UWM’s stock is trading near the lowest level it’s been at since UWM became a publicly traded company in early 2021.
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Better Turns to Stablecoin for Warehouse Funding Alternative

February 24, 2026
Brandon Ivey
Framework Ventures operates a decentralized finance ecosystem known as Sky, which links stablecoins with various types of assets.
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Short Takes: Potential for Rate Cut Takes a Hit / Radian Closer to Selling Ancillary Units / Pending Home Sales Slump / Risk of a Recession Declines

February 20, 2026
Brandon Ivey
Recent inflation trends along with the strong jobs report for January “suggest the lower likelihood of a rate cut” at the next Federal Open Market Committee meeting, according to Joel Kan, a vice president and deputy chief economist at the Mortgage Bankers Association.
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Short Takes: Union Home Eyes M&A / No Downgrade for Pennymac / Hildene to Issue Large Expanded-Credit MBS With CrossCountry / Bank Turns to MortgageCountry

February 18, 2026
Brandon Ivey
Union Home Mortgage hired a national vice president of mergers and acquisitions.
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Rithm’s Commercial Loan REIT Eyes Lender Acquisition

February 17, 2026
Brandon Ivey
Rithm Property Trust is looking to acquire an agency multifamily loan originator or servicer.
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Pennymac to Acquire Cenlar, Sale Price Could Top $200 Million

February 12, 2026
Brandon Ivey
Some $307.0 billion of Cenlar's subservicing portfolio is in the process of leaving Cenlar or has provisions allowing a move to a different subservicer if Cenlar is sold.
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