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M&A

Ex-Ellie Mae CEO joins MeridianLink board after privatization

Career moves, M&A, Mortgage technology, Underwriting /

Jonathan Corr, who once headed up the nation’s largest origination system provider, Ellie Mae, has joined the board of directors of recently privatized competitor MeridianLink. Processing Content He is one of six new board members at MeridianLink, which was acquired by Centerbridge Partners and Silversmith Capital Partners in a deal which closed in October for […]

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Motto Mortgage will remain brokerage franchisor under Real

Housing markets, M&A, MARKETING TO BORROWERS, Originations /

Motto Mortgage will retain its current business model of a mortgage brokerage franchisor following completion of parent company Remax Holdings purchase by Real. Processing Content The transaction will also not affect the operations of Wemlo, the mortgage processing business owned by Remax nor that of One Real Mortgage, the mortgage brokerage owned by Real. “Additionally,

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Toll Brothers acquires private Arkansas homebuilder

Homebuilders, Housing markets, M&A, REALTORS & HOMEBUILDERS /

Toll Brothers, one of the largest homebuilders in the United States, is acquiring a private homebuilder based in Fayetteville, Arkansas. Processing Content Headquartered in Fort Washington, Pennsylvania, Toll Brothers’ purchase of Buffington Homes of Arkansas will expand its national footprint with a strong presence in northwest Arkansas, the company said in a press release Tuesday.

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Castlelake buys majority stake in Resfin Partners

Castlelake buys majority stake in Resfin Partners

M&A, Originations, Secondary markets /

Minneapolis-based global investment firm Castlelake LP has expanded an existing business relationship with Resfin Partners, adding dominant ownership of the company to its U.S. residential financing resources. Processing Content The purchase of a majority stake gives Castlelake more access to two Miami-based business units Resfin serves as a holding company for: Eastview, a domestic correspondent

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Stratmor beats lawsuit accusing it of bad M&A advice

Law and legal issues, M&A /

Stratmor has squashed a lawsuit from a disgraced mortgage executive who accused the advisory firm of giving him bad advice in a botched acquisition.  Processing Content U.S. District Judge Charles Goodwin granted Stratmor’s motion for summary judgment last month in a breach of contract suit from First Mortgage Co. The long-defunct Oklahoma City-based lender accused

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Blue Owl acquires Sila Realty Trust for $2.4 billion

Industry News, M&A /

Blue Owl Capital, which has been ramping up activity in the mortgage sector, announced Monday it bought Sila Realty Trust in an all-cash transaction valued at about $2.4 billion. Processing Content Certain affiliates of Blue Owl will acquire all outstanding shares of common stock of the healthcare-focused real estate investment trust for $30.38 per share,

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Fifth Third CEO on Comerica integration: So far, so good

Consumer banking, Earnings, Fifth Third Bancorp, M&A /

Key insight: Fifth Third is optimistic that its acquisition of Comerica will deliver even better results than it previously expected. But there’s still important work ahead, as the systems conversion is slated for Labor Day weekend. Supporting data: The company plans to deliver $360 million of net cost savings this year, and to reach an

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Better Home & Finance selling UK bank to shore up capital

Better Home & Finance selling UK bank to shore up capital

Better.com, Capital markets, M&A, Originations /

Better Home & Finance announced Monday that it’s strengthening its finances through unexpectedly high originations, cost cuts, the sale of a United Kingdom bank and a stock offering. Processing Content The company reported that it is categorizing Birmingham Bank as held-for-sale and indicated it was actively working to shed it. Better also noted it has

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Opendoor adds Doma title tech assets in new acquisition

Industry News, LOAN PRODUCTS, M&A, Mortgage technology, Originations, Title insurance /

Opendoor Technologies is acquiring assets belonging to title fintech Doma in a deal that arrives just weeks after the real estate company re-entered mortgage lending.  Processing Content The agreement adds Doma’s title automation search capabilities to Opendoor’s closing and escrow platform. Opendoor, known for its home-flipping model that quickly delivers cash to sellers, pointed to

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UWM doubles down on criticism of Two Harbor’s management

IPOs, M&A, Servicing, UWM /

UWM Holdings intensified its attack on Two Harbors’ management after the markets closed on Friday, following a full day of trading after the real estate investment trust ditched them for a $10.80 per share all-cash deal from CrossCountry. Processing Content The unsolicited bid from CrossCountry was made after UWM failed to secure the votes from

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