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Mortgage Graveyard

Failed, Closed and Acquired Mortgage-Related Entities

read about Mortgage Graveyard at FHFA | Wall Street Journal

Q1 mortgage casualties at 13

Latest Mortgage Graveyard Headlines
Last Updated Wednesday, October 22, 2014 07:28 PM Texas Time



Annual Activity

134-Year-Old Bank, Correspondent Lender Done
Among several mortgage-related businesses to recently call it quits was a bank that was 134 years old, three credit unions and a correspondent lender.

Canadian AMC Acquires US AMC
An appraisal management company out of Canada has taken an interest in an AMC in the United States with plans for a major American expansion.

Low Income Groups Try to Block OneWest Sale
An acquisition of the company formerly known as IndyMac Bank FSB is being challenged by low-income groups that say the bank only caters to the 1 percent.

Top-10 HECM Lender Calling It Quits
A company that is among the 10 largest producers of government-insured reverse mortgages has disclosed plans to exit originations.

OC Man Charged With Warehouse Lending Fraud
Charges have been handed down by a federal grand jury against an Orange County, Calif., man who allegedly duped his warehouse lender.

FDIC Sues Frmr CEO, Directors of Failed $1 Bil Bank
A new lawsuit filed against Bank of the Commonwealth's former chief executive officer, chairman and board members seeks at least $11 million in damages.

Mortgage Firm With Several M&As Being Acquired
A mortgage company that has completed five mergers and acquisitions over the past seven years is now, itself, the target of an acquisition.

Merger Creating a New Top-20 Mortgage Lender
The upcoming merger of two independent lenders will create a mortgage banker that would have ranked among the 20-biggest originators last year.

New Penn Acquisition Builds Purchase Business
A bigger market share influenced New Penn Financial LLC's decision to make an acquisition of a mortgage firm with a network of referral sources for home purchases.

Portfolio Lender Formed From Acquisition
An acquisition by a Michigan financial institution provided a foundation for the creation of a portfolio lender that will invest in non-agency mortgages.

Year Closed Acquired
2014 37 28
2013 62 34
2012 85 28
2011 141 30
2010 212 44
2009 235 61
2008 128 47
2007 168 55
2006 32 24
2005 8 13
2004 10 14
2003 12 8
2002 13 3
2001 7 7
2000 13 2
1999 5 2
1998 0 4

archive of MortgageGraveyard.com stories




 

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Mortgage Banking Consultants
Mergers & acquisitions, broker-to-bank transitions & accounting are among the services offered by Mortgage Banking Solutions.
www.mortgagebankingsolutions.com



Financial Regulation News | Mortgage Regulations | Financial Regulation Newsletter
Bank and mortgage regulators, regulations and regulatory actions. Coverage of regulatory legislation and testimony.



Bank news

Credit Union news

The Mortgage Graveyard
Failed, closed and a c q u i r e d mortgage-related entities.




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4th-quarter 2008 corporate bankruptcy lawsuits

3rd quarter 2008 corporate bankruptcy lawsuits

2nd quarter 2008 corporate bankruptcy litigation


Success Stories

February

Stonegate Expanding Florida Staff
More than a hundred new mortgage jobs are planned for a new office facility being opened in Florida by Stonegate Mortgage Corp.


November

Just 1 Mortgage Firm Ranks Among Best Small Companies
Only one company in the mortgage industry made a prestigious list of the best small publicly traded firms in the nation.


October

Fastest Growing Mortgage Employers
A ranking of the 100-fastest growing U.S. employers included nine mortgage-related businesses. The fastest growing mortgage firm added more than 1,500 new jobs over a one-and-a-half-year period.


September

Some Firms Expanding to Minnesota
As larger firms scale back mortgage staffing to adjust to falling originations, some smaller lenders expanding in Minnesota.


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