Mergers & Acquisitions

Browse articles from IMFnews related to Mergers & Acquisitions.

April 19, 2018 - IMFnews

Phoenix Selling a Large Bulk MSR Portfolio. Bid Deadline: May 1

All of the receivables were originated through the retail channel…


April 16, 2018 - IMFnews

Stearns Holdings Wants to Retire $80 Million Worth of High-Yielding Paper

Finance of America’s new president is industry veteran Bill Dallas.


April 11, 2018 - IMFnews

Thanks to Rising Rates, Servicing Values Jump

Mark Garland, president of MountainView Servicing Group, Denver, reported that SRP prices are indeed strong these days. “Absolutely, it’s the best it’s been in years,” he said.


April 10, 2018 - IMFnews

Short Takes: Morgan Stanley Dumps PHH Shares / Wells Fargo Doing Just Fine / What did the Megabank Do Wrong This Time? / Out of Character for Mulvaney? / Wells is Not Running a Charity / A Vote Against Being Socially Responsible / Envoy Sells TPO Unit to New Penn

In a nut shell, Wells argues it’s not running a charity (but of course) and that executive compensation is “designed to pay for performance and encourage long-term shareholder value.”


April 10, 2018 - IMFnews

MountainView Selling $6B-Plus of Bulk Servicing Rights

The bulk portfolio has ultra-low delinquencies…


April 10, 2018 - IMFnews

Bill Dallas Named President of Finance of America?

So far, Bill Dallas has shunned all media requests for comment.


April 9, 2018 - IMFnews

Phoenix Capital Selling Fannie/Freddie/Ginnie Bulk MSRs

The conventional portion is top heavy with New York loans…


April 6, 2018 - IMFnews

Fannie’s ‘Servicing Marketplace’ Off to a Strong Start

Fannie has roughly 50 lenders using the servicing marketplace…


April 6, 2018 - IMFnews

MorVest Selling Almost $2 Billion of Fannie/Freddie Servicing Rights

MorVest CEO David Fleig said publicly announced bulk auctions have been scarce of late, but he expects that to change…


April 4, 2018 - IMFnews

Short Takes: Bill Ashmore Working on a Non-QM Startup? / The Mood in New Jersey / The White House Role in Relaxing Standards? / How to Aid in the Construction of Housing / Wells Promotes Hilzendeger to New Mortgage Post

If President Trump – a builder by trade – truly wants to help the housing market by adding inventory he could order the federal government to sell some of its massive holdings of land to builders at dirt cheap prices...


April 4, 2018 - IMFnews

M&A Market Heats Up: Finance of America Buys Skyline’s ‘Assets’

Finance of America ranked 22nd among all originators in 2017...


April 2, 2018 - IMFnews

Short Takes: 1Q18 was a Mixed Bag / Selected Reports of Strong Growth / MIAC was Busy with MSR Auctions / Here Come the Proxies / Waiting on the BLS

Meanwhile, the servicing sector appears to be picking up a head of steam...


April 2, 2018 - IMFnews

KBW: Servicing Values Up 7 to 15 percent YTD

A Ginnie Mae crackdown on “loan churning” is helping MSR values in that sector as well…


March 29, 2018 - IMFnews

Short Takes: Banks with Strong Mortgage Ops Set to Merge / RoundPoint Gets Aggressive on Hiring / Not for Sale Anymore? / Home Point Hires Chief Production Officer / DocMagic Signs up Deutsche Bank / Former Nomura Trader Joins Angel Oak

Look for a lot more mergers this year. Then again, if rates dive, all bets might be off...


March 27, 2018 - IMFnews

Short Takes: loanDepot will Issue Non-Agency MBS / Okay, So It’s Not $6 Million / The Changing of the Guard / Tiptree Nears Sale of Jumbo Lender / Stock Repurchase Plans / MountainView Selling Whole Loans

The two men steered Impac through the rocky waters of the financial crisis...


March 26, 2018 - IMFnews

Up for Grabs: A $1.9 Billion Fannie Mae MSR Portfolio

California receivables account for 22.5 percent of the collateral based on number of loans…


March 14, 2018 - IMFnews

IMA Hits the Market with a Large Bulk GSE Auction

The package from IMA boasts low delinquencies and a high percentage of loans based in California…


March 14, 2018 - IMFnews

Fitch: Consolidation Expected Among Nonbank Servicers. Rising Costs a Major Concern

Fitch said independent nonbank servicers remain vulnerable to rising costs…


March 13, 2018 - IMFnews

Fannie Ready to Dump Almost $2B of RPLs

The auction is being marketed in collaboration with Citigroup...


March 13, 2018 - IMFnews

Ginnie Mulls Changes to MSR Pacts to Improve Nonbank Liquidity

Nonbanks do not have safety and soundness regulators, which is causing anxiety inside the agency…


March 12, 2018 - IMFnews

M&A Market Heats Up; Skyline Entertaining Takeover Talks?

Consultant Dave Lykken: “There are some firms out there that are just flat out of cash. They just didn’t get ahead of this thing.”


Poll

What’s your opinion on how Mick Mulvaney has managed the CFPB since he took over three months ago?

He’s done a good job of paring back the agency’s excesses and we’d like to see more.

35%

I hope he totally dismantles the agency and sends those functions back to the agencies hence they came.

14%

Not bad, but he needs to take his time making additional changes.

12%

We’re totally aghast. He’s gone way too far in protecting the rights of companies not consumers!

39%