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Major Mortgage Mergers & Acquisitions Activity

Mortgage Graveyard

Failed, Closed and Acquired Mortgage-Related Entities

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Q1 mortgage casualties at 13


Latest Mortgage Graveyard Headlines

Last Updated October 4, 2018 12:57 PM Central


Annual Activity

Acquisition of PHH Corp. a Done Deal
The acquisition of PHH Corp., which has operated as an independent organization for more than a dozen years, has been completed.

Ocwen Acquisition of PHH On Verge of Close
Ocwen Financial Corp. is on the verge of closing on its acquisition of ailing PHH Mortgage Corp. Regulatory approval of the transaction specifies the type of servicing platform Ocwen can use.

St. Louis Mortgage Firm Goes Bust
A residential lender out of St. Louis that was at the center of a bitter divorce has ended operations and could be forced out of receivership.

Mortgage Originations Soar at Lake Michigan CU
In Lake Michigan Credit Union’s mortgage business, loan production leapt, the servicing portfolio continued to grow, and the number people on the payroll expanded.

Record Guild Mortgage Originations
Home lending increased at Guild Mortgage Co. to the highest level ever. Meanwhile, the size of the national staff and the residential loan servicing portfolio both increased.

Gateway Mortgage Group Acquiring Bank
A small bank in Oklahoma is being acquired by a mid-sized mortgage banker in the same state. After the deal is done, the lender will become a subsidiary of the financial institution.

Zillow Acquiring $1 Billion Mortgage Originator
A company that originates in the range of $1 billion annually is being acquired by Zillow Group Inc. The deal is expected to create opportunities with real estate brokers.

Former Lehman Unit Fined for Fraud
The former mortgage servicing subsidiary of Lehman Brothers Holdings Inc. has been fined for allegedly enabling fraudulent loans to make it through the system.

Flagstar’s Home Lending Jumps, Servicing Grows
Home-lending volume jumped at Flagstar Bancorp Inc., and it’s likely a further ascension is ahead. Also increasing were headcount, servicing and commercial mortgages. But mortgage revenues were off from a year earlier.

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.

Year Closed Acquired
2018 3 24
2017 30 22
2016 31 25
2015 27 30
2014 45 39
2013 63 35
2012 86 29
2011 142 31
2010 212 44
2009 235 61
2008 129 47
2007 168 56
2006 32 24
2005 8 14
2004 10 14
2003 12 11
2002 13 3
2001 7 7
2000 13 2
1999 5 2
1998 0 4

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