IPOs

After massive fundraises and IPO rumors swirled, the originator and servicer announced it will merge with Aurora Acquisition Corp. and go public in the fourth quarter of 2021.

United Wholesale Mortgage set off a brawl in the press when it forbade brokers from doing business with Rocket and Fairway. As a small group of brokers pursue legal action over the ultimatum, experts weigh in on whether the spat is benefiting the wholesale channel.

After the spinoff and a concurrent private sale to Bayview Asset Management, Genworth Financial will still own 80% of the rebranded Enact.

The mortgage insurance business had adjusted operating income of $126 million in the first quarter, down from $148 million one year ago.

A private equity capital raise earlier this year gave the company a $3.3 billion valuation.

The REIT is planning its own stock sale to pay for the all-cash purchase from Lone Star Funds.

The digital lender’s valuation ballooned to $6 billion from $4 billion less than five months after closing a $200 million fundraise.

The inevitable cancellation of the takeover transaction by China Oceanwide means Genworth will be spinning out a portion of its U.S. mortgage insurance business.

The forward and reverse mortgage lender completed its merger with blank check company Replay Acquisition Corp. on April 1.

The 11-year-old company, which went public earlier this year, sold new junk-rated bonds on Tuesday to refinance debt and to pay its shareholders a $200 million special dividend, according to a copy of the debt documents

Proptech CEOs and investors fully expect a huge year for the sector due to the pandemic’s “watershed” effect on digitization, according to Keefe, Bruyette & Woods.

Mortgage brokers are telling the company that they "are looking for another large source," according to President and CEO Willie Newman.

The merger with Capitol Investment V values the title insurer at $3 billion.

Rocket Cos. fell premarket, halting a three-day rally driven by sentiment that the home-loan provider was the latest retail-trader favorite for its high short interest.

The offering went down to $14 from an anticipated $19 to $21 per share.

But the company sees reasons to be optimistic about the second half of the year, CEO and Chairman Michael Nierenberg said during its fourth quarter earnings call

This is the third nonbank mortgage company offering in a row to decrease its size, but the reductions were more severe than the others.

For a surprising number of companies pursuing an IPO is a mistake, Endurance Advisory Partners CEO Stephen Curry says.

While it is looking for a higher price per share, the company will be selling fewer shares on its own behalf.

The mortgage lender will promote its brand, products and services through MLB-related television or radio ads, in addition to digital outlets.