Mid America will retain its focus on technology, third-party originations and secondary market executions for specialty products while helping the acquirer expand the scope of its operations.

Intercontinental Exchange Inc. is tapping the investment-grade market with a bond sale in as many as six parts to help finance its acquisition of the fintech.

The market is discounting the acquisition target’s stock price, largely over antitrust considerations, but execs dismissed the concern, and analysts said ways around it exist.

But the deal could be derailed by antitrust concerns given the size of both companies in the mortgage technology field.

The transaction is expected to keep revenues flat at the company at a time when mortgage origination volume is shrinking.

Some lenders and their parent companies are reconsidering their loan-channel mix and business lines as refinance volumes fall and margins shrink; others are doubling down.

The two companies, which have not received government approval to complete their now year-old pending deal, postponed the deadline to Oct. 31 and have decided to make the combined entity a national bank.

Health care, home improvement, cannabis, gaming and college students are among the areas banks are targeting with the help of innovative tools.

Market conditions drove the management team at Ellie Mae to take the company private back in 2019. Could the nation's largest servicing technology provider be considering the same thing?

The real estate franchisor's stock price fell by $16.85 per share since the deal was announced in January, making it a less attractive currency.