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M&A

OceanFirst to buy Flushing Financial, raise $225M from Warburg Pincus

Commercial banking, M&A, Strategic planning /

Key insight: The deal is expected to create a $23 billion-asset company with operations focused around New Jersey and New York. What’s at stake: OceanFirst is vowing to reduce its commercial real-estate concentration, which was already hefty and will grow larger following the completion of the Flushing transaction. Forward look: Warburg Pincus will make a […]

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Mr. Cooper eliminates more than 100 positions in California

Industry News, Layoffs, M&A, Originations /

Mr. Cooper is laying off more than 100 California employees, the latest reduction in force following its recent acquisition by Rocket.  Processing Content The company, which now operates as a fully owned unit of Rocket Cos., notified state officials of the intent to permanently eliminate 102 positions in a Worker Adjustment and Retraining Notification Act

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Realpha grows mortgage footprint through Instamortgage

Industry News, M&A, MARKETING TO BORROWERS, Mortgage technology, Originations, Technology /

Digital real estate platform Realpha will acquire Instamortgage, adding the direct lender to its growing home finance network and furthering goals to build a one-stop artificial intelligence-backed homebuying experience.  Processing Content The move by the Dublin, Ohio-based technology firm, which has origins as a home purchase and sales platform, expands the company into lending after

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Comerica gives fuller account of Fifth Third deal talks

Comerica Bank, Fifth Third, M&A /

Key insight: A few days after the OCC approved Comerica’s blockbuster sale to Fifth Third, the seller made an amended regulatory disclosure that provides more details about how the deal came together. What’s at stake: The $10.9 billion deal is the largest bank acquisition announced in 2025. Forward look: The deal still needs approval from

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Milliman buys Morvest in deal that deepens MSR expertise

Capital markets, M&A, Secondary markets, Servicing /

Milliman has acquired Morvest Capital, expanding the global consulting and actuarial firm’s reach in a specialized corner of the housing finance market. The company is adding a mortgage servicing rights analytics and risk-management provider through the transaction. Milliman did not disclose terms in its announcement. “This acquisition accelerates our growth in the mortgage sector and

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Jefferies expands credit reach with Hildene stake

Annuities, M&A, Secondary markets, Securitization /

Jeffries Financial Group is purchasing a 50% stake in the parent company of Hildene Capital Management, which has a secondary market/securitization arrangement with Crosscountry Mortgage. Concurrent with this transaction, Hildene Capital Management is acquiring the holding company for SILAC Insurance, a provider of fixed and fixed indexed annuities for $550 million in cash. Compensation for

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Home ends dry spell with $150M deal for Tennessee bank

Community banking, Growth strategies, M&A, Tennessee /

Forward look: Home BancShares CEO John Allison said Mountain Commerce Bank will serve as a platform for future Tennessee expansion.  Supporting data: Allison ranked Tennessee as one of the most attractive markets in the country along with Texas and Florida, where Home already has a presence.  Expert quote: “Given the current regulatory environment, we would

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Absolute Home Mortgage acquires Northeast lender’s team

Industry News, M&A, Originations /

Absolute Home Mortgage has acquired assets from Fidelity Direct Mortgage in a partnership announced Tuesday. Absolute, a nationwide mortgage lender based in New Jersey, added Fidelity’s team of 55 producing loan officers to its team of roughly 190, a Fidelity spokesperson told National Mortgage News. “This is an important step forward for both of our

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