Conversations around a potential sale started at the end of 2023 and the deal will close at the end of the first quarter, according to the Guild Mortgage executive.

The transaction will make Guild the eighth largest non-bank lender in the country, the company said in its press release Tuesday.

Over 60 former Draper & Kramer employees joined Synergy One at the beginning of February instead of New American Funding, which had acquired their company.

First National Bank of Pennsylvania, a unit of FNB Corp., ran into trouble in connection with North Carolina operations it acquired from Yadkin Financial in 2017.

The lender has signed a letter of intent to acquire single-family mortgage operations and staff, according to Rick Arvielo, NAF's chief executive.

Sekisui House Ltd. announced a $4.9 billion agreement on Thursday to buy MDC Holdings Inc., ikely the biggest U.S. purchase of a homebuilder by a Japanese company.

The Seattle bank's stock price fell in 2023 amid concerns over rising interest rates and its concentration of multifamily loans. The buyer is FirstSun Capital Bancorp, which raised $175 million as part of the deal.

Southern Bancorp in Little Rock, Arkansas, plans to put $250 million in equity capital it received from the Treasury Department to good use making mortgages and acquiring banks.

Credit unions have announced 11 deals for banks so far in 2023, five short of 2022's total.

National Mortgage News recounts some of the notable mergers and acquisitions completed in the past 12 months.