Mergers & Acquisitions

Browse articles from IMFnews related to Mergers & Acquisitions.

July 19, 2018 - IMFnews

MIAC Offering $2.1 Billion of GSE and Ginnie MSRs. Larger Deals Pending?

Meanwhile, several large MSR packages are currently out for bid.

July 16, 2018 - IMFnews

Phoenix Announces GSE Flow MSR Auction

The average loan size could be as high as $227,000…

July 10, 2018 - IMFnews

Ditech’s Future: An ‘Asset’ or a ‘Stock’ Sale? Opinions Differ

Of course, Ditech has a bit of back story…

July 9, 2018 - IMFnews

Phoenix Capital Selling Fannie/Ginnie Servicing Package

A few weeks back, Phoenix Capital was in the market with a flow MSR offering that carried a maximum size of $540 million…

July 6, 2018 - IMFnews

LenderLive Pondering a Sale? Or Something Else?

In July 2017, the vendor named Rob Clements chairman and CEO and John Surface president and chief operating officer. Both came over from EverBank Financial…

July 3, 2018 - IMFnews

HomeStreet to Sell 20 Percent of its MSR Portfolio to Matrix Financial Services

HomeStreet continues to deemphasize its role in residential mortgages…

July 2, 2018 - IMFnews

I’ve Just Seen the Future of Mortgage Banking and its Name is Amazon

Two years ago, loanDepot scuttled a much talked about initial public offering of stock...

July 2, 2018 - IMFnews

A Deal-Hungry Stearns to Acquire an Equity Stake in Certainty Home Loans

According to sources familiar with the matter, Stearns is looking at other acquisitions as well...

June 29, 2018 - IMFnews

What We’re Hearing: A Lifeboat Too Small? / Non-QM Loans Performing Well, So Far / Ridiculous Housing Prices Continue / A 40 Percent Disappearance Rate? / A Recession Might Save the Day / Fannie Trouble? / Costly Borrowing for WMIH

Once risk-layering appears and LTV ratios climb, then all bets are off...

June 28, 2018 - IMFnews

Ditech is on the Auction Block. But Who Will Buy It?

Nationstar might be a suitor...

June 27, 2018 - IMFnews

It’s Official: Ditech is on the Auction Block, Hires Houlihan Lokey

The nation’s 12th largest servicer of residential loans said other options include a “business combination” or maintaining its status as a standalone entity.

June 27, 2018 - IMFnews

CDFI-Designated Lender Inks Deal to buy Oregon Retailer LoanStar. Buyer will Beef Up Non-QM Production

LoanStar was founded five years ago by industry veteran Mike Baldwin…

June 26, 2018 - IMFnews

Short Takes: Amazon Moves Ahead with Banking Plans / A Martini for Ditech / Cooperman and Ocwen / More Cost Cutting at Ocwen / Britti Gets a New Title / U.S. Bank Hires Wells Fargo Official

Leon Cooperman has been increasing his stake in Ocwen Financial and now owns about 11 percent of the firm…

June 26, 2018 - IMFnews

Servicing Advisors Worry About the GSE Role in the ‘Flow’ MSR Market

Incenter Mortgage Advisors, Denver, is getting ready to launch a flow MSR marketplace of its own…

June 25, 2018 - IMFnews

Phoenix Capital Selling $1.2B of GSE MSRs

The seller of the bulk package is a depository that lends heavily in the South…

June 22, 2018 - IMFnews

What We’re Hearing: Mick Mulvaney, Conservative? / A GSE Starting Point? / Mortgage and Big Tech. Can it Work? / Amazon v. Quicken – is Dan Gilbert Ready? / Movement Mortgage? / LenderLive Hires an Advisor / New Hires for Ditech

One former loanDepot official had this to say about the rumor: “It makes sense. loanDepot has plenty of loan officers handling inbound leads. Amazon could create a ton more and compete with Quicken….”

June 21, 2018 - IMFnews

loanDepot Employees Discuss the Amazon Rumor. But is it True? CEO Calls it a ‘Good One’

If the deal comes off, loanDepot employees will receive free Amazon Prime accounts…

June 21, 2018 - IMFnews

And the MSR Deals Keep Coming. IMA Selling a $10B-Plus Bulk Package

At $10.3 billion, the package is believed to be one of the largest in the auction market right now.

June 20, 2018 - IMFnews

Short Takes: Wholesale Profit Margins Under Pressure Too? / Commercial Bank Seeks MB / A New IO MBS from JPM / An Update on Ex-FGMC CEO Peters / New Hires for Two Harbors, Walker & Dunlop

All of the loans in the new JPM deal were originated by First Republic Bank, with seasoning of seven years...

June 20, 2018 - IMFnews

Incenter and MIAC Out With Bulk MSR Auctions

The delinquencies on the MIAC package total 5.3 percent…

June 18, 2018 - IMFnews

Prestwick Selling Fannie MSR Package Into a Strong Market

Prestwick’s George Christo cites “float earnings” as a significant value driver…

June 18, 2018 - IMFnews

More Commercial Banks Bidding on Mortgage Servicing Rights. Changes to Basel III a Factor?

Ed Robinson, senior vice president in charge of mortgage banking for Fifth Third, told Inside Mortgage Finance his bank made a conscious decision to jump into the MSR acquisition arena…

June 15, 2018 - IMFnews

MountainView Offers Fannie/Freddie MSR Portfolio

The average loan size of the package is $224,106…

June 14, 2018 - IMFnews

Don’t Look Now but Ginnie Servicing Prices are the Best They’ve Been All Decade

Servicing brokers such as Mark Garland, Steve Harris and Tom Piercy are seeing new entrants to the MSR-buying market…

June 14, 2018 - IMFnews

MSR Market Heats Up, New Auctions from Phoenix, MIAC

Bank buyers of MSRs favor packages that are at least $2 billion in size…

June 13, 2018 - IMFnews

THL Closes on Investment in Guaranteed Rate. Nonbank Anticipates Record Production This Year

Despite heralding the investment made by Thomas H. Lee Partners, Guaranteed Rate will not say how much the PE firm invested or how large of a stake it acquired…

June 12, 2018 - IMFnews

Mortgage M&A Mania has Finally Arrived. Who’s Next?

Mark Stafford, managing director of MS Capital Advisors: “Margin compression is real and many companies lost money in the first quarter.”

June 11, 2018 - IMFnews

Short Takes: Celebrity Wants to be a Player in Mortgage M&A / Commercial Bank Seeks Mortgage Company / Garrett on LO Pay / Genworth Sale Clears a Hurdle / Wells Fargo LO Bolts for Nonbank

Consultant Joe Garrett: "Salesmen don’t get paid less just because the company didn’t do well..."

June 11, 2018 - IMFnews

Pittsburgh Bank Agrees to Sell its Consumer Finance Unit

Besides selling RFC, the publicly traded FNB is consolidating 20 of its branches in a cost cutting move.


With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

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