The private mortgage insurer is purchasing Agents National and Boston National from Incenter, which itself is a unit of Finance of America.

The California-based lender announced an asset purchase of Lend Smart Mortgage, which has close to 30 branches nationwide.

The bank holding company is taking the business purpose lender into the corporate fold and out of its own silo, executives said.

He replaces Phyllis Caldwell, the former Treasury official who took the position in February 2016 and helped guide the company through the 2017 federal and state lawsuits.

A panel discussion with executives from Boston Consulting Group reinforced the view that regulators will allow the deal to proceed, Keefe, Bruyette & Woods said.

An extension would give the companies an additional six months beyond a current March deadline to complete the transaction.

To monitor the health of lenders still operating, industry watchers should observe firms' abilities to meet covenant requirements, renew warehouse lines of credits and their activity in the mortgage servicing rights market, said Brian Brown, chief financial officer at Rocket Companies.

In October, the company acquired Roscoe State Bank in Texas, which means employees are now working for a depository and therefore exempt under the SAFE Act.

In his first American Banker interview since becoming CEO two years ago, Thomas Cangemi talks about the company's transformation into a full-service commercial bank now that it has completed its twice-delayed acquisition of Flagstar Bancorp.

A special-purpose acquisition company is merging with a bank as its affiliated startup still lacks its own national bank charter.