Capital One confirmed it is closing the home equity lending business it acquired in the purchase of Discover. The news first appeared in a Reddit thread last week and then in Home Equity Lending News on July 1. That thread noted the company already notified affected employees of the decision to close the business known […]
Capital One confirms Discover home equity shutdown Read More »
Rocket Companies announced Tuesday it has officially closed its $1.75 billion acquisition of Redfin. In light of that, Rocket is launching a product called Rocket Preferred Pricing to encourage consumers to use both its mortgage and real estate services. Borrowers who purchase a home with a Redfin agent and finance it through Rocket Mortgage can
Rocket closes Redfin deal, rolls out buyer incentives Read More »
Guild Mortgage finalizing a deal to go private via a $1.3 billion acquisition by Bayview Asset Management piqued the attention of some recruiters. Inquiries to Guild’s originator talent are coming in, the firm’s originators and industry stakeholders claim. “I can confirm the phone is ringing off the hook with recruiters,” Geoff Black, originator at Guild,
Guild LOs bombarded by recruiters after $1.3B deal news Read More »
Adobe Stock Shares of Northern Trust rose by more than 6% as of midday Monday after a news report that Bank of New York Mellon reached out to the asset servicing and investment management firm last week to discuss a potential acquisition. The CEOs of BNY and Northern Trust have had at least one discussion,
Northern Trust shares jump on report of BNY merger interest Read More »
Bloomberg News WASHINGTON — President Donald Trump on Friday evening signed a rule that officially eliminates the Office of the Comptroller of the Currency’s stricter reviews of certain bank mergers. Trump signed the Congressional Review Act resolution Friday nullifying the Office of the Comptroller of the Currency’s Biden-era rule that got rid of an expedited
Trump signs nullification of OCC bank merger guidelines Read More »
The outcome of previously-reported talks between Guild Mortgage and Bayview, a quiet servicing giant and asset manager, is a finalized acquisition valued at $1.3 billion that will transform the lender. In line with previous talks, a Bayview fund will buy outstanding shares of Guild it didn’t already own. The publicly-traded lender plans to go private
Guild, Bayview talks result in deal valued at $1.3 billion Read More »
The Redfin investor who sued the real estate brokerage and Rocket Companies for allegedly failing to disclose key information about their merger is seeking a $450,000 award. Jason Morano, the plaintiff, argues in a filing dated June 11 that his “intense litigation efforts” forced Redfin’s and Rocket’s hand in publishing supplemental disclosures that had a
Redfin investor seeks $450k for “benefitting” stockholders Read More »
Teraverde and Stratmor want to make it clear that the proposed merger announced over a year ago between the two was never completed. The misconception, both Teraverde’s Jim Deitch and Stratmor’s Garth Graham said, came about from an artificial intelligence generated answer to a search engine question. The deal was announced last May at the
Teraverde, Stratmor clarify no merger took place Read More »
Chimera Investment Corp., a New York-based real estate investment trust, announced plans to buy non-QM lender HomeXpress Mortgage in a cash-and-stock deal worth over $120 million Thursday. The deal, expected to close in the fourth quarter of 2025, includes a $120 million cash payment for the Santa Ana, California-based company, plus more than 2 million
REIT buys HomeXpress in cash-and-stock deal worth over $120M Read More »
Fairway Independent Mortgage Corp. announced Wednesday it has acquired the assets of Hallmark Home Mortgage, a Fort Wayne, Indiana-based mortgage lender. As part of the transaction, Hallmark will become a new division of Fairway and will operate under a revised brand: Hallmark Home Mortgage, powered by Fairway. Financial terms of the deal were not disclosed.
Fairway Independent Mortgage buys assets of smaller firm Read More »