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M&A

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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Two Harbors jilts UWM Holdings for CrossCountry

M&A, Originations, Servicing, UWM /

Two Harbors Investment has jilted UWM Holdings at the altar, agreeing to be acquired by CrossCountry Mortgage for $10.80 in an all-cash transaction. Processing Content UWM went into attack mode following the announcement before the market’s opened on Friday morning. “The actions taken by TWO’s management team and board do not reflect the best interests

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Summit lays off dozens in wake of CrossCountry deal

Industry News, Layoffs, M&A, Originations /

Shortly after announcing a merger agreement with retail lender CrossCountry Mortgage, Summit Funding said it will permanently eliminate 163 positions across the company.  Processing Content The Sacramento, California-based home lender informed state officials in a mandatory Worker Adjustment and Retraining Notification filing dated March 19, just one day after the merger was officially announced. The

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CrossCountry, UWM vie for Two Harbors in bidding war

M&A, Servicing /

Two Harbor released a statement early Monday calling CrossCountry’s unsolicited acquisition offer “superior” to other acquisition proposals it has received, but noted that determination is not set in stone amid ongoing competition from prospective buyers. Processing Content CrossCountry has offered to buy all Two Harbors’ stock for $10.70 cash. Two Harbors said CrossCounty also pledged

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CrossCountry adding top 35 lender Summit Funding

CrossCountry adding top 35 lender Summit Funding

LOAN PRODUCTS, M&A, Mortgage technology, Originations /

While the mortgage industry is watching how the situation between UWM Holdings and an unnamed buyer for Two Harbors will work out, another large lender is diving headlong into a merger. Processing Content CrossCountry Mortgage, the Cleveland-based lender that says it’s been No. 1 in retail three years running, has agreed to buy another privately

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PE firm buys mortgage tech company formerly known as Voxtur

Industry News, M&A, Mortgage technology, Originations, Underwriting /

A New York-based private equity firm is acquiring Apex Analytics, formerly Voxtur Analytics, after a tumultuous past few years. Processing Content Hale Capital Management, which has a focus on investing in technology and technology-enabled companies at key moments of transformation, bought Voxtur’s existing senior secured indebtedness from Bank of Montreal in September, an obligation the

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