Loan Think

Want to Sell Your Mortgage Firm? Have Your GNMA Eagle Intact

Over the coming months the mortgage banking ‘M&A’ circuit may be generating some heat – or so we’re told. Already, we’ve had Manhattan Mortgage, one of the largest brokerage firms in the greater New York area, strike a “strategic alliance” with Guaranteed Rate, and other deals could be in the works. (It appears that the MM/GR amalgam isn’t quite a sale but close. Details are forthcoming, we hope.) Investment bankers have been telling us for months that if you want to sell your mortgage banking firm one essential ingredient is needed: Your GNMA Eagle. FHA/VA lending remains hot and increasingly small- to medium-sized firms are retaining GNMA servicing.

Processing Content

For reprint and licensing requests for this article, click here.
Servicing Originations
MORE FROM NATIONAL MORTGAGE NEWS
Load More