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M&A

Mortgage Cadence sold to global software firm Partnerone

Industry News, M&A, Mortgage technology, Technology /

Loan origination system platform Mortgage Cadence is under new ownership following its sale to an enterprise software acquisition group. Partnerone, an international software firm with a record of acquiring and scaling companies, announced a purchase of the mortgage technology business from current parent Accenture. Mortgage Cadence has operated as a unit within the financial services […]

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Old Republic to acquire major farm owners insurer

Earnings, M&A, Servicing, Title insurance /

Old Republic is set to acquire a major insurer of small farm owners and select commercial agricultural operations. The specialty insurer bought Everett Cash Mutual Insurance Co. and affiliated companies for an undisclosed number, following its conversion to a stock company in a sponsored demutualization transaction.  “With ECM’s ‘narrow and deep’ expertise in the farm

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Rocket layoffs related to Mr. Cooper deal get underway

CAREER & COMPENSATION, M&A, Originations, Rocket Mortgage /

Following its absorption of the Mr. Cooper and Redfin organizations, Rocket Companies confirmed it conducted a round of layoffs on Oct. 17, in line plans for cuts announced in second-quarter earnings. The reduction in force affected less than 1% of its team, the company said in a statement, confirming information which appeared in HousingWire. “Following

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Cornerstone Capital to acquire another Texas bank

M&A, Originations, Servicing /

Cornerstone Capital Bancorp, a one-time independent mortgage banker that acquired a depository, has agreed to purchase another bank, Peoples Bancorp of Lubbock, Texas. Terms of the transaction were not disclosed. “With one of the strongest capital positions in our markets and a deep base of low-cost core funding, we are well positioned for meaningful organic

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Fifth Third’s earnings fall in line amid credit hits and M&A

Credit quality, Earnings, Fifth Third, Fifth Third Bancorp, M&A /

Key insight: Fifth Third’s massive credit blow tied to the allegedly fraudulent Tricolor Holdings bankruptcy “didn’t end up costing them that much,” an analyst said. What’s at stake: The company said last week it would acquire Comerica Bank, in what has been the largest bank deal announcement of 2025. Supporting data: The KBW Regional Banking

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Fathom expands in West with START Real Estate deal

Industry News, M&A, Originations /

Fathom Holdings is deepening its Western presence and doubling down on first-time homebuyers with its acquisition of Colorado-based START Real Estate.  The deal adds 70 agents and a first-time buyer program that recently entered Utah, bolstering Fathom’s network following its purchases of Arizona’s My Home Group and Texas-based Elite Financing Group. “START Real Estate’s growth

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PNC logs record revenue on fee income, loan growth

Earnings, Fee income, M&A, PNC, PNC Financial Services Group /

Key insight: PNC hit or beat expectations across the board for its third quarter financial results. What’s at stake: After years of mild dealmaking and loan growth, banks are starting to reap the benefits of more certainty and a frothier market. Forward look: While PNC logged record revenue for the third quarter, its fourth-quarter outlook

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Fifth Third’s Comerica deal: ‘The biggest thing we’ve ever done’

Comerica Bank, Commercial banking, Fifth Third Bancorp, M&A, Strategic planning /

Key Insight: The deal marks the largest bank acquisition announcement of 2025, and Fifth Third’s first since 2019. What’s at Stake: Comerica had been facing calls from an activist investor to sell itself for months, though CEO Curt Farmer said that the external pressure wasn’t a factor.  Supporting Data: When completed, the deal will create

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