Key insight: Pinnacle took a little over five months to close its merger with Synovus. The combined bank, which is focused on the Southeast, has $117 billion of assets. Why it matters: The transaction is the latest test case for mergers of equals, which have lost favor with investors because some such deals have underformed. […]
Pinnacle emerges as $117B bank after completing Synovus deal Read More »
Following the enforcement action against now ex-CEO Patrick Terrance Donlon, Yield Solutions Group has assumed full operational control of Trusted American Mortgage, the companies said in a press release. Processing Content The two companies share an address in Centennial, Colorado. YSG has a nationwide presence in the auto lending industry. Donlon resigned as CEO of
Control shift at mortgage broker hit by enforcement action Read More »
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
OceanFirst to buy Flushing Financial, raise $225M from Warburg Pincus Read More »
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
Mr. Cooper eliminates more than 100 positions in California Read More »
For the mortgage industry, 2025 is likely to go down as the year of the big deal. But that could be a temporary title as some experts expect the consolidation wave to continue in the new year. Still among the biggest of the big: But what might have been the most celebrated deal of all,
Mortgage mergers and acquisitions in 2025 Read More »
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
Realpha grows mortgage footprint through Instamortgage Read More »
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
Comerica gives fuller account of Fifth Third deal talks Read More »
UWM Holdings will purchase Two Harbors Investment, a real estate investment trust branded as Two, in an all-stock transaction valued at $1.3 billion. Processing Content Under the terms of the agreement, Two shareholders will receive a fixed number of UWM shares at an exchange ratio of 2.33 times. This implies a price of $11.94 per
UWM buying Two in a $1.3 billion stock deal Read More »
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
Milliman buys Morvest in deal that deepens MSR expertise Read More »
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
Jefferies expands credit reach with Hildene stake Read More »