Mergers & Acquisitions

Browse articles from IMFnews related to Mergers & Acquisitions.

September 19, 2017 - IMFnews

Mortgage M&A Chatter Continues. Medium-Sized Shops Are Targets

Rick Roque, who runs Menlo, an M&A advisory firm, said he knows several owners who are contemplating a sale…

September 18, 2017 - IMFnews

Prestwick Selling $1.8 Billion Bulk Fannie/Ginnie MSR Portfolio

The Fannie balance of the pool accounts for $1.33 billion of the receivables.

September 13, 2017 - IMFnews

Warehouse Commitments to Nonbanks Top $64 Billion

“A number of companies are expanding the lines they need,” said Larry Charbonneau. “I’ve been doing a number of reviews for warehouse banks lately. Volume is definitely picking up.”

September 12, 2017 - IMFnews

Credit Unions as ‘Players’ in the MSR Market? Interesting, but…

Second, it’s unclear if a CU wanting to buy receivables from another shop would face “membership” issues…

September 7, 2017 - IMFnews

Wells Fargo’s Acquisition of Seneca Mortgage – a Fluke or Something Else?

In late August, a notice appeared on the website of the Federal Trade Commission under the banner of the agency’s “pre-merger notification program,” identifying Wells as the winning bidder…

August 31, 2017 - IMFnews

Short Takes: Navy Federal Would Like to Purchase Servicing Rights / An MSR Offering from Prestwick / Fed Okays Sterling’s Purchase of Astoria / A Clarification / New Hires for Castle & Cooke

The Fed just greenlighted a bank M&A deal...

August 30, 2017 - IMFnews

Eli Global Wants to be a Player in Mortgages, but Who Are These Guys?

Another source added: “Eli’s interest in the industry is legit. They want to buy and hold companies.”

August 25, 2017 - IMFnews

What We’re Hearing: They’re Back: 80-10-10s / Credit Unions Allowed to Buy Servicing Rights? / DB Cuts Large Repo Deal with Penny Mac Financial / Wells Fargo, UWM Dominant in their Channels / So Long Wells, Hello loanDepot

Dan Hanson, a top production manager for number-one ranked lender Wells Fargo, has jumped ship for loanDepot...

August 25, 2017 - IMFnews

Prestwick Readies $532 Million Fannie/Ginnie Bulk MSR Portfolio for Auction

The weighted average servicing fee is 34 basis points, the delinquency ratio 3.13 percent.

August 25, 2017 - IMFnews

Inspired by Executive Order ‘Spirit,’ Credit Union Regulator Pushes to Allow MSR Purchases by CUs

Credit unions hold the servicing rights to mortgages they originated but cannot buy MSR contracts in the secondary market…

August 23, 2017 - IMFnews

Wells Fargo Wins the Bid for Seneca Mortgage

Other bidders on the $53.6 billion MSR portfolio include JPMorgan Chase and New Residential…

August 18, 2017 - IMFnews

Phoenix Capital Busy with MSR Auctions

The average loan balance on the $779 million MSR package is $241,000…

August 16, 2017 - IMFnews

For Sale by MountainView: $94 Million of NPLs/RPLs and More

Over the past three years MountainView has sold $3.8 billion of whole loans as measured by unpaid principal balance…

August 15, 2017 - IMFnews

Short Takes: What REITs and Fannie & Freddie Have in Common / Replacing One Burden with Another / Who is Western Bancorp? / PHH’s Warehouse Providers / A New Hire for LenderLive

A higher dividend than what Fannie and Freddie pay?

August 15, 2017 - IMFnews

Firm Whose Affiliate Sued FMC Becomes ‘Capital Partner’ to Silicon Valley Lender

Little is known about Eli Global, which bills itself as a “privately held investment firm” with 5,500 locations in 20 locations globally…

August 11, 2017 - IMFnews

Large Servicing Sales Skew Toward Privately Negotiated Transactions

As the weekend approached it was unclear which suitor won the Seneca MSR portfolio…

August 8, 2017 - IMFnews

Movement Mortgage CEO Rebrands His New Bank as, You Guessed It, Movement Bank

According to Casey Crawford the recapitalized depository will focus on “loving and serving people.”


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