Nationstar Affiliate to Acquire Ocwen Affiliate
Facing a potential default, an affiliate of Ocwen Financial Corp. has reached an agreement to be acquired by a Nationstar Mortgage Holdings Inc. affiliate.
2 Financial Institutions Fail
Two financial institutions have recently been shuttered -- including one that had more than a quarter-billion dollars in assets.
Mortgage Acquisitions to Boost Servicing, Production
A bevy of recent mortgage mergers and acquisitions will help the acquiring firms increase originations, grow servicing portfolios and expand commercial mortgage production.
Chicago Bank is 2nd Failure in 2015
Several cease-and-desist orders had been issued against a Chicago bank before it was seized last week by state and federal banking regulators.
Half-Century Old Bank Fails
Federal banking regulators seized a small financial institution in the Florida Panhandle that was more than a half-century old
Impac Acquisition Supports Centralized Strategy
An upcoming acquisition by Impac Mortgage Holdings Inc. will yield significant tax benefits, increase originations and supercharge its centralized lending strategy.
Mortgage Master Acquisition Done
A deal announced two months ago to acquire Mortgage Master Inc. has closed, creating one of the biggest nonbank lenders in the country.
Warehouse Lender Acquired
The acquisition of a mortgage warehouse provider out of Texas has been completed. The deal creates one of the state's largest local banks.
Titan Lenders Exiting Retail Fulfillment Space
A company that enables mortgage originators to outsource production functions has decided to no longer offer the service for the retail channel. Increased compliance risks impacted the decision.
Bank, 2 Credit Unions Fail
Losses from the failure of a midwestern bank are expected to reach nearly a third of its total assets. Meanwhile, a pair of Michigan credit unions were liquidated.