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Home » Topics » IMFnews » Mergers & Acquisitions

Mergers & Acquisitions
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Varde Ponders Selling Nonprime Unit Deephaven Mortgage

December 26, 2018
Paul Muolo
Matt Nichols, a former Goldman Sachs executive, launched Deephaven earlier in the decade as a correspondent buyer of non-QM loans.
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What We’re Hearing: The Senate Waiting Game and Mark Calabria / What Might Mnuchin Come Up With? / Otting and Mnuchin and One West / Angelo Mozilo Makes it Rain Once More / MorVest’s MSR Auction / George Bailey Lives (A VA Story) / A Short Publishing Brea

December 21, 2018
Paul Muolo
The news of Otting’s appointment and what might transpire afterwards did nothing to boost the share price of Fannie and Freddie common...
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‘Alternative’ Hedge Fund Varde Ponders Selling Nonprime Unit Deephaven; Other M&A Deals Begin to Percolate

December 20, 2018
Varde Partners, which four years ago purchased fledgling nonprime lender Deephaven Mortgage, Charlotte, NC, is now contemplating selling the company, industry officials who claim to have knowledge of the matter told Inside Mortgage Finance this week.
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Ditech Decides Not to Make Scheduled Debt Payment. Meaning?

December 19, 2018
Paul Muolo
Ditech's shares now trade for just six cents apiece...
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PRMI President and CEO Dave Zitting to Depart After Selling His Stake in the Lender

December 19, 2018
Paul Muolo
Founded 20 years ago, PRMI is a retail-only lender that funded $3.7 billion through the first nine months of 2018…
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Short Takes: Do GSE Servicers Need to Worry About Liquidity? / MF Cap Set at $35 Billion / New American Buys Minnesota Lender / Humble Beginnings / Kraninger Will Keep the CFPB Name / BoNY Mellon to Enter Non-Agency Market as Master Servicer

December 19, 2018
Paul Muolo and Brandon Ivey
Liquidity means access to cash – and is a chief concern of Ginnie Mae acting president Michael Bright as well…
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SRPs Remain High. MSR Interest Strong but Declining Rates Begin to Weigh

December 18, 2018
Paul Muolo
One advisor said he knows of three bulk transactions that are stalled: one sized at $7.0 billion, another at $16.0 billion, and one more at $24.5 billion.
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‘Small’ Mortgage M&A Deals are Getting Done, Larger Ones Remain Elusive

December 13, 2018
Paul Muolo
Mark Stafford, a principal in MS Capital Advisors, New York, said larger firms are content to stay the course…
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Banks Gain on ‘Servicing for Others,’ MSR Valuations Rise

December 10, 2018
John Bancroft
At Sept. 30, banks and thrifts serviced $3.627 trillion of residential mortgages for others…
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Indiana Bank Pays off Debt to Home Point and Agrees to Buy its Warehouse Unit, NattyMac

December 7, 2018
Paul Muolo
Founded by industry vet Willie Newman, Home Point is owned by investment funds managed by Stone Point Capital...
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