twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









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

2014 Is Year of Mergers for Mortgage Firms

Q1 mortgage casualties at 13

April 14, 2014

By Mortgage Daily staff

Although the number of mortgage-related casualties has significantly declined this past year, wholesale lenders are disappearing at a brisk pace. Meanwhile, mortgage mergers are on the rise.

From Jan. 1 through March 31, Mortgage Daily tracked 13 mortgage-related businesses that either failed or were closed down.

The data was collected for the Mortgage Graveyard, a journal of mortgage-related entities that have either failed, closed or been acquired since 1998.

The latest numbers were two fewer than had been tracked as of the same point last year.

At the current pace, the number of casualties is on track to be the fewest since prior to the financial crisis in 2006, when just 32 were tracked.

The year-over-year decline reflects a drop in credit union failures.

Type Q1 2014 Q1 2013
Non-Bank Closures 6 6
Bank Failures (FDIC) 5 4
Credit Union Failures 2 5
Total Mortgage-Related Failures
13 15

Prominent among this year's closings are wholesale mortgage lenders -- with five wholesaler closings tracked so far this year.

Another notable casualty was the Mortgage Insurance Companies of America, which has discontinued operations. However, a new trade group -- the U.S. Mortgage Insurers -- has been launched to take MICA's place.

Mortgage casualties peaked in 2009, when 235 mortgage-related businesses closed.

Much more significant this year have been mortgage-related mergers and acquisitions.

During the first quarter, 18 acquisitions were tracked.

To put that number in perspective, just 32 mortgage M&A transactions were tracked for all of last year.

"Many mortgage lenders are adapting to sharply lower originations by reducing staffing, cutting branches or shutting down," Mortgage Daily Founder and Publisher Sam Garcia said. "However, a good share are acquiring origination operations or agreeing to be acquired."

Among those being acquired, several have sold out to banks, Garcia said. Others are adjusting their business models to capitalize on income and originations that can be generated through the acquisition of mortgage servicing rights.

Q1 mortgage casualties at 13

next story

back to current headlines

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.

Bank news

Credit Union news

Wholesale Lending News | Directory | P r i cing Engine | Originator Newsletter
News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.

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

Public Relations News | PR Agencies | Mortgage Daily Press Releases
Announcements about mortgage industry public relations firms. Stories about building your brand and increasing your exposure.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders