Mergers & Acquisitions

Browse articles from IMFnews related to Mergers & Acquisitions.

March 20, 2019 - IMFnews

VA-Based Nonbank Scuttles Merger with Congressional Bank

Congressional has seven branches and $949.7 million in assets. It earns roughly $16 million a year.

March 19, 2019 - IMFnews

Short Takes: Why the GSE Net Worth Sweep Won’t be Reversed / Recap and Release? / A Much-Watched Profit Reading / Starwood and Impac, a Symbiotic Relationship / Bank Failures, Anyone? / Reverse Lender Hires Sales Chief

Each quarter, GSE profits reduce the federal budget deficit. If that cash is forfeited...

March 19, 2019 - IMFnews

Prestwick Offers Up Fannie Mae MSR Portfolio on Behalf of Michigan Bank

The servicing package has an average FICO score of 740 and delinquencies of 1.94%.

March 18, 2019 - IMFnews

Genworth Sale Continues to Drag On, Ninth Waiver Granted

The sale of Genworth was first announced in October, 2016…

March 13, 2019 - IMFnews

Phoenix Capital and MIAC Unveil New MSR Auctions

MIAC is also ready to take final bids on a $315.3 million Fannie/Freddie/Ginnie Mae MSR portfolio…

March 11, 2019 - IMFnews

MSR Auction Market Red Hot

Mark Garland, executive vice president at MountainView Financial Solutions, also sees a robust market developing this year…

March 5, 2019 - IMFnews

Short Takes: Freddie Mac Invests $61M in Affordable Housing / AMC Acquires a Title Search Firm / Stevens Joins Tech Company / CFPB Kicks Off PACE Financing Rulemaking

Freddie Mac on Monday initiated three investments in affordable housing managed by National Equity Fund ...

March 4, 2019 - IMFnews

Short Takes: Pondering the Letter Sent to Joseph Otting / Among the Signors… / More MSR Auctions in the Works / MetLife Has a Nice War Chest of Whole Loans / A New Hire at Gateway Mortgage

More servicing-related auctions are in the pipeline, including a $2.97 billion Fannie Mae/Freddie Mac portfolio from Phoenix Capital...

March 1, 2019 - IMFnews

What We’re Hearing: Throwing Down the Gauntlet on Fannie-Freddie Changes / 27 Trades Sign On / Not One Voice of Concern? / Freddie’s MSR Pilot? / Fixing the Broken Companies / Eli Global and Greg Lindberg Back in the News / Busy Being Named a Director

Is the Senate Banking Committee ever going to hold a hearing on GSE pilot programs?

February 28, 2019 - IMFnews

Short Takes: A Mega Servicing Deal Approaching? / ‘Goldilocks’ Pricing / The Ditech Portfolio? / Fannie & Freddie Common Take a Rest / FHFA’s Final UMBS Rule / Bell Bank Opens AZ Branch, Mortgages on the Menu

The share price of Fannie Mae and Freddie Mac common has been on a mild downward slope since Feb. 22. Meaning?

February 28, 2019 - IMFnews

Ellie Mae Proxy Reveals Kill Fees and a Big Golden Parachute for CEO

Ellie Mae executives entitled to “golden parachute” payments include Jonathan Corr, Dan Madden, Cathleen Schreiner Gates and others…

February 27, 2019 - IMFnews

A Small 4Q18 Loss for Ocwen Amid MSR Buys, a Compensation Reduction for CEO Messina and a New CFO

Ocwen is cutting cash retainer payments to its board of directors...

February 26, 2019 - IMFnews

Angel Oak Rolls Out Fix & Flip Wholesale Option, Hires JPM Exec

To lead the effort, Angel Oak hired JPMorgan executive Will Jackson…

February 21, 2019 - IMFnews

Short Takes: BSI Looking to Buy MSR Portfolios / Goldstone Running the Program / A Red Hot Servicing Market / A Strong Quarter for Texas Capital / Slip, Sliding Away: Fannie’s and Freddie’s Subprime Assets

A red hot servicing market is keeping deal makers happy...

February 21, 2019 - IMFnews

TIAA Throws Traditional Retail Overboard, USB Will Get Some of the 65 Branches

TIAA CEO Blake Wilson: “Mortgage lending is a dynamic and highly competitive industry and the market we’re in today is very different than just a few years ago..."

February 20, 2019 - IMFnews

IMA Offers Up an $11.9 Billion Fannie/Ginnie MSR Package

Roughly 21% of the receivables are in California…

February 19, 2019 - IMFnews

M&A Blues: Why Good Companies Aren’t Selling

Rumors continue to abound that internet retailing giant Amazon wants in…

February 15, 2019 - IMFnews

What We’re Hearing: Calabria, a Sure Bet? / Warm Thoughts About Fannie-Freddie Loan Limits / Retaining More Capital / Congress? / Conservatorship Purgatory / Looks Like Radian is in Play / A Sale Dragging On and On and On: Genworth / Industry Vet Rudy Orman Lands

On the doorstep: The recap and release of Fannie and Freddie?

February 15, 2019 - IMFnews

HomeStreet Bank Looks to Sell Mortgage Origination Business, MSRs

The Seattle-based depository hired Keefe, Bruyette & Woods and MountainView as sale advisors…

February 15, 2019 - IMFnews

Activist Elliott Pondering a Bid for Deephaven Mortgage?

Non-QM lenders are in demand these days, or so it appears…

February 13, 2019 - IMFnews

Short Takes: A Nice Month for Pershing Square / No Mention of the GSEs / A Mortgage-Related M&A Deal Drags On / Delayed by the Chinese New Year / A New MBS From Deephaven / Pavaso Hires Mortgage Tech Vet Tim Anderson

After two-plus years of waiting, the Genworth deal has yet to close...

February 12, 2019 - IMFnews

Short Takes: GSE Junior Preferred Shareholders Could Get Paid / Wedbush Tells Investors to Take the Cash / New Rez Sees a Buying Opportunity in MSRs / CFPB to America: Save Some of That Tax Return!

Bove sees some type of compensation going to the preferred shareholders of Fannie and Freddie...

February 12, 2019 - IMFnews

A Tiny 4Q18 Profit for New Residential

New Rez continues to gobble up MSRs like there's no tomorrow...

February 12, 2019 - IMFnews

PE Firm to Take Ellie Mae Private in a Deal Valued at $3.7 Billion

Under the terms of the agreement, Ellie Mae shareholders will receive $99.00 in cash per share.


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