M&A

Guild Mortgage, Bayview Asset explore servicing M&A

Capital markets, M&A, Originations, Servicing / Ricky Vasquez

Publicly traded lender Guild Mortgage’s parent company, Bayview Asset Management, and a servicing-related affiliate are in talks about a potential deal. Bayview said in a filing that in conjunction with the affiliate it is “engaging in friendly preliminary discussions” with Guild “regarding a broader commercial relationship and potential corporate transaction. One possible outcome is “the […]

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Rocket, Redfin aim to block stockholder suit proceedings

Industry News, Law and legal issues, M&A, Rocket Mortgage / Ricky Vasquez

Rocket Companies and Redfin are pushing back against a lawsuit that could disrupt the closing of the mortgage giant’s $1.75 billion acquisition of the real estate brokerage. Plaintiff Jason Morano, a Redfin shareholder, sued the brokerage and Rocket in early May, alleging that Redfin’s disclosures to the Securities and Exchange Commission regarding the deal omitted

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Rocket, Mr. Cooper merger: HMDA data reveals market impact

HMDA, M&A, Originations, Rocket Mortgage, Servicing / Ricky Vasquez

Rocket Mortgage is buying Mr. Cooper in what could be a transformative deal for the industry, so we looked at what it might mean for mortgage production based on select Home Mortgage Disclosure Act datasets. An analysis of available 2024 HMDA data through iEmergent shows that while Mr. Cooper’s servicing strength could eventually help Rocket

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Rocktop buys Incenter Capital, expecting robust MSR market

M&A, MSR, Secondary markets, Servicing / Ricky Vasquez

Rocktop Technologies’ purchase of Incenter Capital Advisors is both complementary to its current capabilities as well as a way for the company to differentiate itself. Terms of the deal, which was completed on May 15, were not disclosed. For now, Incenter Capital Advisors will retain its current branding. “We are very tech heavy, tech enabled,

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Dark Matter confirms layoffs as it right-sizes

M&A, Mortgage technology, Originations / Ricky Vasquez

Dark Matter executives confirmed the company has undergone a reduction in force, as the company sets its next phase in motion. As a standalone company, Dark Matter has only existed for about 20 months. On Sept. 15, 2023, what had been the Black Knight origination technology business, primarily its Empower loan origination system, was sold

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Redfin investor alleges lack of Rocket deal transparency

Industry News, Law and legal issues, M&A, Rocket Mortgage / Ricky Vasquez

A Redfin stockholder is ringing the alarm regarding the imminent closing of Rocket Companies’ $1.75 billion acquisition of the real estate brokerage, filing a suit that claims that certain information was not disclosed to investors. Plaintiff Jason Morano alleges that Redfin submitted “materially incomplete and misleading” filings with the Securities and Exchange Commission in order

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Lower acquires Movoto, as it pushes to build end-to-end platform

Industry News, M&A / Ricky Vasquez

Mortgage lender Lower is acquiring Movoto, a home search website, from prior parent company OJO Labs, the companies announced Tuesday. The combination of the two firms will create “an end-to-end homeownership platform” connecting consumers, originators and real estate agents. The vision echoes a similar one pursued by Rocket Companies through its acquisition of Redfin, announced

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Guild Mortgage, Bayview Asset explore servicing M&A

Rocket, Redfin aim to block stockholder suit proceedings

Rocket, Mr. Cooper merger: HMDA data reveals market impact

Rocktop buys Incenter Capital, expecting robust MSR market

Dark Matter confirms layoffs as it right-sizes

Redfin investor alleges lack of Rocket deal transparency

Lower acquires Movoto, as it pushes to build end-to-end platform

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