Major Mortgage Mergers & Acquisitions Activity
This year has been busy for mergers and acquisitions in the mortgage industry. Some major and minor players have sold stakes in their business, while other prominent players are selling entirely.
Big Consolidation at Bank w/$2 Bil in Mortgages
A bank with a mortgage investment portfolio of more than $2 billion is unloading a consumer lending subsidiary and closing branches.
Black Knight Acquisition Provides AI for Offerings
Customers of Black Knight Inc. will now benefit from artificial intelligence thanks to an acquisition announced by the mortgage services provider.
IndyMac's Former Reverse Unit Sold
The reverse mortgage business which was once owned by IndyMac Bancorp Inc. has been sold. The sale also involved servicing on assets.
Top-15 Mortgage Lender to Emerge from Acquisition
The acquisition of a home lender that maintains its headquarters in the Volunteer State will create a mortgage banking firm that ranks among the nation's 15 largest.
40-Year-Old Home Lender in CA Closes Down
A mortgage banking firm out of Northern California that was founded nearly four decades ago reportedly laid off all of its employees and ended lending operations.
California Home Lender Stops Originating
A mortgage banking firm started by three executives who successfully sold a prior home lender has stopped doing new business.
Bank Winding Down Mortgage Unit
A bank out of the Northeast will shutter its mortgage banking business and turn to another financial institution to provide mortgage services.
Staffing, Servicing Expand at Guild Mortgage
In addition to increasing the size of its loan servicing portfolio, Guild Mortgage Co. grew its payroll thanks to an acquisition. Originations were off from the prior quarter.
Year-Over-Year Gain in Flagstar Home Lending
With the help of a recent acquisition, Flagstar Bancorp Inc. was able to make a year-over-year gain in mortgage originations. Ongoing reductions continued, though, for the primary servicing portfolio.