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Mergers and Acquisitions

Kriss Law/Atlantic Closing & Escrow expands New England footprint with merger

Closings, Continuing Education, HWmember, Massachusetts, Mergers and Acquisitions, Real Estate, Title, Title insurance, Vermont /

Kriss Law/Atlantic Closing & Escrow (KL/ACE) has merged with DaMore Law and its Vermont division, Green Mountain Lawyers — expanding the attorney-driven settlement firm’s reach across New England and strengthening its presence in Vermont. Merging brings DaMore Law’s 25-year regional presence — with offices in Burlington, Vt., Methuen, Mass., and Killington, Vt. — into KL/ACE’s […]

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FOA maps next steps after PHH reverse asset acquisition

Finance of America, HWmember, Liberty Reverse Mortgage, Mergers and Acquisitions, MSRs, Onity Group, PHH Mortgage Corp, Reverse, Reverse Mortgage Daily /

Onity Group, the parent company of PHH Mortgage Corp. and its reverse mortgage arm, Liberty Reverse Mortgage, announced this week that it has chosen to stop originating reverse mortgages. Instead, Onity said it’s selling almost all of its reverse mortgage business to Finance of America (FOA). PHH is selling reverse mortgage servicing rights (MSRs) for

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Macquarie’s Jason White on the Stewart-MCS deal

HWmember, Macquarie Group, MCS, Mergers and Acquisitions, Mortgage, Stewart /

Earlier this month, title and real estate services company Stewart Information Services Corp., owned by SISCO Holdings, agreed to acquire the mortgage services of property preservation provider Mortgage Contracting Services (MCS) for $330 million. The transaction, which expands Stewart’s suite of services in the property preservation arena, supports default servicing while providing MCS with additional capital to invest in other

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Stewart acquires MCS’s mortgage services business for $330 million

HWmember, MCS, Mergers and Acquisitions, Mortgage, Mortgage Servicing, Servicing, Stewart, Stewart Title /

Title and real estate services company Stewart Information Services Corp., owned by SISCO Holdings, has entered into an agreement to acquire the mortgage services of property preservation provider Mortgage Contracting Services (MCS) for $330 million. The transaction, announced Friday, expands Stewart’s suite of services in the property preservation arena, which supports default servicing, while providing

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Exclusive: NFM Lending grows footprint with Homespire Mortgage acquisition

HWmember, Lenders, LendingLife, Maryland, Mergers and Acquisitions, Mortgage, Origination, Retail Lending /

Two Maryland-based retail mortgage lenders struck an M&A deal this week as NFM Lending has agreed to acquire Homespire Mortgage, the companies confirmed on Friday. The financial terms were not disclosed. With the acquisition, Linthicum-based NFM will expand its presence along the East Coast, while Homespire will gain access to new growth opportunities amid a

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Coldwell Banker affiliate changes ownership in West Virginia

Anywhere, Brokerage, Coldwell Banker, HWmember, Luxury Real Estate, Mergers and Acquisitions, Real Estate, West Virginia /

Coldwell Banker Yost — a longtime real estate firm serving southern West Virginia — has been acquired by Nathan Hendrick and will operate under the new name Coldwell Banker Hendrick Real Estate. The acquired company has operated in West Virginia for more than 25 years and was previously owned by Steve Yost, who will remain

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PartnerOne to acquire Mortgage Cadence

Accenture, HWmember, Mergers and Acquisitions, Mortgage, Mortgage Cadence, Technology /

Software group PartnerOne announced on Tuesday that it has entered into an agreement with Accenture to acquire Mortgage Cadence, a provider of cloud-based digital lending solutions. PartnerOne said in its press release that it focuses on acquiring firms for the long term and investing to strengthen their operations and performance. “This agreement represents a powerful

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Howard Hanna’s strategy to get 20% market share in 20 markets

Brokerage, Howard Hanna, Howard Hanna Real Estate Services, HWmember, Mergers and Acquisitions, New York City, Real Estate /

Although Howard Hanna Real Estate Services has conducted many acquisitions over the past few years, none of them made the real estate industry stand up and take notice as much as its acquisition of Elegran Real Estate earlier this month. And that’s because Howard Hanna’s acquisition of Elegran marked the over 70-year-old firm’s entrance into

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Propy leans on acquisitions, AI to ‘modernize’ title

Artificial Intelligence, HWmember, Mergers and Acquisitions, Propy, Real Estate, Technology, Title, Title insurance /

Title and escrow company Propy says it is ready to revolutionize the title insurance industry. Central to this plan is a $100 million expansion, which includes the planned acquisitions of title firms nationwide, according to an announcement on Thursday.  Propy says, once acquired, it will upgrade the firms “to faster, safer and fully digital closings,

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New Western acquires Big State Home Buyers to expand investment pipeline

Affordable housing, Fix and Flip, Housing Inventory, Houston, HWmember, Mergers and Acquisitions, New Western, Real Estate, Texas /

New Western, a real estate investment marketplace and the nation’s largest homebuyer, has acquired Big State Home Buyers — a company specializing in sourcing vacant and distressed homes. The acquisition is intended to expand New Western’s supply pipeline and advance its mission to return underutilized properties to the market as affordable, move-in-ready homes, leaders said.

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