Mergers & Acquisitions

Browse articles from IMFnews related to Mergers & Acquisitions.

September 19, 2018 - IMFnews

MorVest Taking Bids on Freddie Mac Bulk MSR Portfolio

Dealmakers, including Mark Garland of MountainView Financial Solutions, expect a flurry of activity this fall.

September 18, 2018 - IMFnews

For Sale: Fannie Mae Bulk MSR Portfolio, Average LTV: 59 Percent

Kentucky product dominates the portfolio at 98.9 percent. Ohio is a distant second…

September 17, 2018 - IMFnews

Short Takes: MBA’s Stevens Looks Back at the GSEs (Pre-Crisis) / A No-Bid Because of FM Watch Ties / What’s FM Watch? / Sharp Elbows? / TMS Buys Two MSR Packages, Is Hungry for More / PenFed Hires USAA Exec to Run Mortgages

It may be hard to fathom, but Fannie and Freddie once played with very sharp elbows…

September 14, 2018 - IMFnews

What We’re Hearing: Freddie Charter Creep? No, Just a Supplemental Service / Caliber Thinking About Going Public? / The Role Das Played in First Data’s Successful IPO / Dimon v. Trump – Bring it On! / Dimon, a Nervous Mess? / New Penn Rolls Out Piggyback HELOC

JPMorgan is the parent company of the nation’s second largest residential lender, Chase. Trump last decade started a small mortgage brokerage operation in Long Island and then killed it...

September 13, 2018 - IMFnews

Stearns Agrees to Buy Stake in $3.2 Billion Lender as Part of PPP Effort

The pending deal marks the second acquisition in Stearns’ new Preferred Partner Platform initiative…

September 11, 2018 - IMFnews

MIAC Offering Fannie/Freddie MSR Package

The selling institution is described as a mortgage banking firm with a west coast concentration...

September 10, 2018 - IMFnews

Stearns Launches ‘Partnership’ Program, Hopes to Buy Stakes in Many Lenders

Schneider told IMFnews the Blackstone-owned lender/servicer is presently working on other deals...

September 10, 2018 - IMFnews

Incenter, MorVest Selling Bulk Servicing Portfolios

Both these MSR portfolios have low note rates…

September 4, 2018 - IMFnews

RoundPoint Hikes Debt Facility to $650 Million

RoundPoints new debt facility expires in 2021...

August 30, 2018 - IMFnews

MVFS Offering $1.6 Billion of GSE Bulk MSRs

In an interview this month, MVFS Executive Vice President Mark Garland described the MSR auction market as “very, very strong…”

August 29, 2018 - IMFnews

More M&A Activity Ahead for Celebrity Financial?

Celebrity’s Robnett hinted that a third acquisition could be revealed by October.

August 22, 2018 - IMFnews

Short Takes: Celebrity in the Hunt / Ocwen Gets the ‘All Clear’ Signal from Ginnie / Oh Carol / The National Servicing Settlement – It’s a Wrap / Two Joes In Charge at Waterstone

Celebrity Financial has several M&A irons in the fire...

August 22, 2018 - IMFnews

Subservicing Growth Continues to Slow. M&A Ahead?

Cenlar and Dovenmuehle, which rank first and second, respectively, experienced slow growth during the period…

August 20, 2018 - IMFnews

Short Takes: More Mortgage M&A / Check Those WARN Act Notices / Accuser Blasts FHFA Sexual Harassment Probe / No Comment from the FHFA

Grimes' resume also includes stints at Grant Thornton and Price Waterhouse Coopers...

August 20, 2018 - IMFnews

A Real Estate Fintech Takes a Test Drive in Mortgage Banking. Will Others Follow?

“Zillow could have done this on a much larger scale. Heck, they could’ve bought Ditech,” said industry consultant Paul Hindman.

August 17, 2018 - IMFnews

What We’re Hearing: Two Giants May Change Hands (Or Maybe Not) / Job Cuts at Ditech / Can HL Sell Ditech Fast Enough? / Tom Marano’s Experience with Troubled Shops / CALCAP Bullish on Fix-and-Flip / A Confidential GSE File On…

It might be in Ditech’s best interest if Houlihan Lokey finds a buyer now while MSR values are still peaking…

August 17, 2018 - IMFnews

Computershare Makes Another Mortgage-Related Purchase: LenderLive Network

Two years ago, Computershare Limited bought Capital Markets Cooperatives, one of the largest mortgage co-ops in the U.S., for roughly $71.2 million.

August 13, 2018 - IMFnews

IMA Working on $20 Billion MSR Transaction

The top five sellers of bulk agency product during the first-half of 2018 were Stearns Lending, Flagstar Bank, Seneca Mortgage, United Shore Financial (parent of United Wholesale Mortgage), and loanDepot.

August 10, 2018 - IMFnews

Bulk Servicing Sales Continue at a Brisk Pace. A Record Year?

IMA and MountainView expect to trade more product this year than last…

August 9, 2018 - IMFnews

Short Takes: In Non-QMs We Trust / A Land Rush Into Non-QM? / A Nonbank Buying a Bank, Not an Everyday Occurrence / Ultimate Goal: To Tap FHLB Advances? / Nick Smith Departs Blackstone TORO

Impac's Justin Moisio: “Everyone’s getting into this game.”


Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.
The wholesale/table funder. They’re taking the financial risk.
The broker, but only for the first year. After that, the borrower is fair game.
Hard to answer. It’s a complicated issue.

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