The rating agency has revised the long-term issuer default rating for PacWest Bancorp and its banking subsidiary, Pacific Western Bank, from "BBB" to "BBB-" and says it doesn't expect the bank's common equity Tier 1 ratio to bounce back anytime soon.

The REIT is paying a $10.5 million premium to acquire the company, which will allow it to bring servicing in-house.

The Tennessee-based originator is now a private-label retail group, which has branches in Alabama and Kentucky in addition to its home state.

The deal also includes the Homefacts website

The company formerly known as UniversalCIS Credit Plus, which offers credit report services and appraisal technology, adds a new vertical to offer its mortgage lender clients.

Intercontinental Exchange's move to acquire Black Knight and Lower's purchase of Hamilton Home Loans are just some of the latest developments to monitor in the space.

And in other consolidation news, HomeServices of America’s Pickford Escrow Co. picks up competitor Legendary Escrow Services.

The transaction adds 11 branches in Virginia, Florida, North Carolina and Texas to AnnieMac's nationwide 60-plus office network.

The transaction formalizes the relationship started by a January investment in both companies by LLR Partners.

These transactions look to add territories or products to counter the effects of origination activity contracting.

The all-stock deal follows a boom in demand for interim financing on purchases, which HomeLight had been looking to offer on a larger scale.

ICE’s deal could give it pricing power over the industry to the detriment of smaller lenders and consumers, the nonbank mortgage trade group said in a letter to the Justice Department

Delays in closing the deal after it was announced in August resulted in the parties' decision to remain separate, although they will still work together.

Mortgage Cadence, the No. 3 loan origination system provider, believes it will pick up market share among nonbanks if the deal between the two heavyweight entities goes through.

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.