Mergers & Acquisitions

Browse articles from IMFnews related to Mergers & Acquisitions.

January 17, 2019 - IMFnews

Ditech Gets a Breather from Its Note Holders (For Now); COO Terminated

Ditech also terminated the employment of Chief Operating Officer Ritesh Chaturbedi.

January 14, 2019 - IMFnews

Short Takes: Shutdown Having Minimal Impact on Mortgages? / Housing Market Slowing / AMC Acquires Meridian Asset Services / Broker Startup Launches

The IRS resumed providing income verification services a week ago and the agency expected to catch up on volume...

January 10, 2019 - IMFnews

Short Takes: Who Is Maren Kasper? / Not Shy / Headed to the White House? / GSE ‘Recap and Release’ Just Got Knee-Capped / IMA Offers Bulk MSR Package

With Michael Bright's departure, GSE "recap and release" just got hurt...

January 10, 2019 - IMFnews

As Business Slows, Lenders Cut Branches, Channels; Movement Gets Eagle Franchise

Movement said the acquisition “significantly” expands its presence in the Pacific Northwest and Mountain West…

January 9, 2019 - IMFnews

Short Takes: UWM Removes LLPAs on Certain Loans / New Mortgage Applications Come Roaring Back / Tempering Optimism with a Government Shutdown / Seterus’ Leslie Peeler? / Complaints Registered

Four years ago, Leslie Peeler, the Fannie Mae senior vice president in charge of the GSE’s servicing decisions, left the mortgage giant for Seterus.

January 9, 2019 - IMFnews

Servicing Sales to Boom in Early 2019, IMBs Need Cash

“The only way to get through that is to sell assets – and for many of them that means mortgage servicing rights,” Steve Harris of MIAC told Inside Mortgage Finance.

January 8, 2019 - IMFnews

Short Takes: $249 Million in Mortgage Payments at Risk? / Will Trump Order Fannie and Freddie to Stand Down? / Assessing Mark Calabria / Lovell Buys ATTOM / LoanLogics Hires Mortgage Tech Vet

Overwhelmingly, industry analysts expect Mark Calabria to shake things up at the Federal Housing Finance Agency – that is, once he’s approved by the full Senate.

January 8, 2019 - IMFnews

TMS Exiting Retail and Wholesale Channels, Will Focus on Servicing, Correspondent Acquisitions

AmeriSave said it wants to scale its origination business…

January 7, 2019 - IMFnews

CMG Mortgage Expands in the Northeast, Assumes 14 RPM Branches

RPM CEO Rob Hirt was good-natured about the departures: “I wish CMG continued success into 2019…”

January 4, 2019 - IMFnews

Mr. Cooper to Take Control of IBM’s Seterus. Fannie a Big Client

Market sources said Seterus struggled to find new servicing clients to replace its dwindling contracts with Fannie Mae.

January 3, 2019 - IMFnews

Mr. Cooper to Take Control of IBM’s Seterus. Fannie a Big Client

Market sources said Seterus struggled to find new servicing clients to replace its dwindling contracts with Fannie Mae.

January 3, 2019 - IMFnews

Short Takes: The First Mortgage M&A Deal of the Year? / Mnuchin is Aware of the IRS Tax Transcript Problem / Will Government Workers Miss a Mortgage Payment? / Happy New Year from President Trump: Your Pay is Frozen / Tom Selleck Keeps Pitching HECMs / Celink Settles DOJ/FCA Claims

Celink, a servicer of reverse mortgages, has agreed to pay the federal government $4.25 million for violating the False Claims Act...

January 3, 2019 - IMFnews

MIAC Closes $8 Billion MSR Sale. Several Auctions in the Works

Several brokerage firms are working on MSR transactions…

January 3, 2019 - IMFnews

Stratmor Sees a Strong Year for Mortgage M&A. However…

However, Steve Harris, president of MIAC Capital Markets, said he sees a weak market when it comes to “franchise” deals.

December 27, 2018 - IMFnews

Lion Point Capital Declares 50 Percent Stake in Ditech

The investment banking firm Houlihan Lokey has been fielding offers for Ditech…

December 27, 2018 - IMFnews

Varde Ponders Selling Nonprime Unit Deephaven Mortgage

Matt Nichols, a former Goldman Sachs executive, launched Deephaven earlier in the decade as a correspondent buyer of non-QM loans.

December 21, 2018 - IMFnews

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 Break

The news of Otting’s appointment and what might transpire afterwards did nothing to boost the share price of Fannie and Freddie common...

December 19, 2018 - IMFnews

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

Liquidity means access to cash – and is a chief concern of Ginnie Mae acting president Michael Bright as well…

December 19, 2018 - IMFnews

PRMI President and CEO Dave Zitting to Depart After Selling His Stake in the Lender

Founded 20 years ago, PRMI is a retail-only lender that funded $3.7 billion through the first nine months of 2018…

December 19, 2018 - IMFnews

Ditech Decides Not to Make Scheduled Debt Payment. Meaning?

Ditech's shares now trade for just six cents apiece...

December 18, 2018 - IMFnews

SRPs Remain High. MSR Interest Strong but Declining Rates Begin to Weigh

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.

December 13, 2018 - IMFnews

‘Small’ Mortgage M&A Deals are Getting Done, Larger Ones Remain Elusive

Mark Stafford, a principal in MS Capital Advisors, New York, said larger firms are content to stay the course…

December 10, 2018 - IMFnews

Banks Gain on ‘Servicing for Others,’ MSR Valuations Rise

At Sept. 30, banks and thrifts serviced $3.627 trillion of residential mortgages for others…

December 7, 2018 - IMFnews

Indiana Bank Pays off Debt to Home Point and Agrees to Buy its Warehouse Unit, NattyMac

Founded by industry vet Willie Newman, Home Point is owned by investment funds managed by Stone Point Capital...


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