Mergers & Acquisitions

Browse articles from IMFnews related to Mergers & Acquisitions.

November 15, 2017 - IMFnews

Mortgage M&A Heats Up, Mid America Inks Deal to Buy Oklahoma Lenders

More M&A deals are expected in the quarters ahead…

November 15, 2017 - IMFnews

Speculation Mounts: More Banks May Exit Mortgages

Meanwhile, there’s already speculation that Capital One – known for its prowess in credit cards – might eventually re-enter the mortgage business in one way or another.

November 14, 2017 - IMFnews

PIMCO’s Stake in PHH Rises to 15.8 Percent. However…

PIMCO also has been buying non-agency mortgages, holding the paper in one of the funds it manages.

November 14, 2017 - IMFnews

Tough Times for Reverse Lending as More Players Head for the Exit

Today, just three depositories remain among the top 25 HECM lenders: First Bank (ranked 16th at mid-year), The Federal Savings Bank (19th) and Quontic Bank, FSB (21st).

November 9, 2017 - IMFnews

Impac Posts Small Profit for 3Q17. Nonbank Says it’s Not for Sale

Impac says it’s not for sale, but sources contend the company is pitched by investment bankers quite frequently…

November 8, 2017 - IMFnews

Another Quarterly Loss for PHH; Revenues Down Too but New CEO Sees Hope

Despite the red ink, PHH’s board approved a new $100 million share repurchase authorization…

November 8, 2017 - IMFnews

Capital One Will Exit Mortgage Business but will Keep MSR Portfolio

Back in February, Capital One’s Senior Director of Home Loans Eric Declercq left the company for a position at loanDepot.

November 6, 2017 - IMFnews

The Ramifications of a Nationstar Sale (If it Happens)

Interestingly, Nationstar, Ocwen and Walter each have embarked on a course of selling their owned mortgage-servicing rights while staying on as a subservicer…

November 3, 2017 - IMFnews

What We’re Hearing: The Mortgage Cycle Turns / PE Firms Ready to Pounce? / Show Mr. Cooper the Door? / Impac in Play? / loanDepot Retail Chief David Norris Departs for Law Enforcement Project / More Nonprime MBS on the Way

Ocwen will not be sold through a stock deal, but Nationstar could be...

November 2, 2017 - IMFnews

Short Takes: GSE Reform? What’s the Rush? / Calabria, an FHFA Director Candidate? / Capping the Mortgage Interest Deduction at $500,000 / TCF to Buy Nonbank Mortgage Firm

Mark Calabria is not exactly a fan of the GSEs...

November 2, 2017 - IMFnews

Nationstar Reports a $7 Million Profit for 3Q17. Smaller MSR Markdowns

Nationstar originated $4.25 billion of new home mortgages in 3Q17…

November 2, 2017 - IMFnews

Minor Retreat for Top Tier Mortgage Servicers in 3Q17, Nonbanks Continue March Forward

The only top-five servicer to report an increase in volume was Nationstar Mortgage...

November 1, 2017 - IMFnews

As Year Draws to a Close, a Rush to Get Servicing Packages Sold

There continues to be some nervousness about VA receivables because of streamlined refinancings, although regulators are trying to curb abuses in the program.

October 31, 2017 - IMFnews

PiperJaffray: A Bank Purchase of Nationstar Might Make Sense

According to Inside Mortgage Finance, Nationstar is the nation’s fourth largest servicer based on June 30 figures.

October 30, 2017 - IMFnews

Nationstar May Hit the Auction Block Soon

In February, SoftBank agreed to buy Fortress for roughly $3.3 billion in cash.

October 27, 2017 - IMFnews

What We’re Hearing: The Upper Hand on GSE Reform? / Jeb Hensarling, a Candidate for the FHFA Job? / Safe and Sound REITs / A Nice Return on Unsecured Consumer Loans / Dave Stevens Successor? / A Good Year for the Trade Group

But what about Watt? His term as director of the Federal Housing Finance Agency ends in early 2019...

October 26, 2017 - IMFnews

Short Takes: Ocwen Sale Could Spell Trouble for Indian Workers / Tepid Mortgage Results for Ally / From GMAC to Ocwen to Nationstar / 3Q Results from Radian, Altisource / No Thanks, Mr. Mnuchin

Some history: When GMAC imploded earlier in the decade, some of its GSE servicing rights were sold to Ocwen. Ocwen eventually sold those contracts to Nationstar.

October 26, 2017 - IMFnews

The Mortgage M&A Market Heats Up: Ocwen Prepping for a Sale (of Sorts)

Ocwen very well could be sold through an “asset” sale, observers told Inside Mortgage Finance…

October 26, 2017 - IMFnews

Servicing Brokers Show Concern on Fannie Mae Plan to Enter the MSR Marketplace

One dealmaker, requesting anonymity, added: “Why not just sell servicing on eBay? There are reasons the market for servicing is wired as it is.”

October 25, 2017 - IMFnews

Social Finance (SoFi) is in Play; JPMorgan Chase the Banker

What’s SoFi worth? The market may soon find out…

October 24, 2017 - IMFnews

Banks Look Forward to Revised Capital Treatment on MSRs; Worse Than Greek Bonds?

Speaking at the MBA convention, one executive said that under current rules, bank holdings of MSRs are treated more harshly than holdings of Greek bonds.

October 23, 2017 - IMFnews

Incenter, Phoenix Hit the Market with Bulk MSR Offerings

According to the offering circular, delinquencies on the Ginnie Mae package total 8.19 percent...

October 23, 2017 - IMFnews

Agency Servicing Transfers Caught Fire in 3Q17, Reshaping MSR Market

In the third quarter, Movement Mortgage was the top seller of MSR assets via the coissuance market…

October 20, 2017 - IMFnews

What We’re Hearing: A Good (but Not Great) Year About to End / A Top-10 Lender for Sale? (No) / Will Mel Watt Clear the Air on ‘Zero Capital’? / The Freddie Mac Rumor / Ocwen’s Future May be Now?

Plenty of executives we’ve spoken to the past few months believe the industry is in for a considerable spate of M&A in the year ahead. Then again, we’ve heard that prediction before...

October 19, 2017 - IMFnews

Short Takes: Princeton Mortgage Enters Wholesale Arena / Ocwen Settles with Lone Star State / Stipulations Regarding REALServicing / The Original Trademark / Angel Oak Hires Fund Manager

Ocwen settled with Texas regulators as well...

October 19, 2017 - IMFnews

Ocwen’s Departure from the Wholesale Sparks Speculation: An Eventual Sale?

Ocwen’s recent barrage of regulatory settlements, coupled with the sale of the wholesale division and the recent hiring of investment banker Chris Whalen, is sparking talk...

October 16, 2017 - IMFnews

MIAC Sets Auction for Fannie Mae MSR Portfolio

The seller of the MSR package focuses on the California market...

October 12, 2017 - IMFnews

Short Takes: Residential Production Plunges at Citi / MSR Holdings Down Too / But a Nice Profit for 3Q17 / JPMorgan Readies New Non-Agency MBS / Ocwen Exiting Wholesale Channel / Fannie Announces New NPL Auctions

Citi’s third-party servicing portfolio is down to $49.1 billion from $147.6 billion at Sept. 30, 2016...

October 10, 2017 - IMFnews

As the New Quarter Begins, More GSE MSR Deals Hit the Auction Block

The first offering is for $524 million and comes from an independent mortgage banking firm…


With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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