MERS to be Sold
A deal reached for the parent of the New York Stock Exchange to invest in MERSCORP Holdings Inc. is expected to benefit the home lending market.
Optimal Blue Acquired
A private-equity firm has struck a deal to acquire Optimal Blue Holdings and plans to pour hundreds of millions of dollars into the new business.
Bank Settles Discrimination Charges on AUS Denials
First-Citizens Bank & Trust Company has settled charges that manually underwritten white borrowers were denied less for mortgages than their non-white counterparts.
Guild Acquisition Will Make it TX Mortgage Giant
An upcoming acquisition planned by Guild Mortgage Co. is expected to make it one of largest independent home lenders in Texas.
Investment Bankers Settle RMBS Claims
Several investment banking firms have agreed to settle lawsuits for their alleged roles in the failure of five federally insured financial institutions.
Caliber Making Significant Acquisition
The planned acquisition of a California-based company will add $1.5 billion to Caliber Home Loans Inc.'s annual originations and hundreds of employees to its payroll.
FDIC Wins Appeal in RMBS Case
A lower court's ruling against the Federal Deposit Insurance Corp. has been overturned on appeal, paving the way for the regulator to pursue losses from residential mortgage-backed securities.
Online Lenders Among Mortgage Mergers
Two online residential lenders, including a startup and a newly acquired firm, hope to shake up the home-lending process. Another recent mortgage-related transaction involves a correspondent rural lending business.
PHH Cutting Correspondent, Reducing MSRs
As quarterly home lending slowed and the servicing portfolio contracted, PHH Mortgage revealed plans to get out of correspondent lending and reduce its mortgage servicing rights.
Tennessee Bank Fails
A bank out of Tennessee has been seized by state regulators and closed down. Meanwhile, it was recently revealed that United Wholesale Mortgage's retail unit previously closed down.