But current owner Blackstone and FOA management will keep 70% of the company after its merger with a SPAC.

Earnings increased by 81% year-over-year as its gain-on-sale margins grew nearly 2.5 times.

MCS isn’t the only distressed mortgage services entity gaining interest from investors as poor economic conditions threaten more hardships for homeowners.

China Oceanwide said it was not able to meet with Hony Capital to finalize the terms and conditions because of the pandemic.

Retiring Ellie Mae CEO Jonathan Corr and new ICE Mortgage Technologies President Joe Tyrrell discuss how the two companies will be merged.

Called it a better all-around process for United Wholesale Mortgage to become a publicly traded company.

The Charlotte, N.C., company recently closed on a sale of its Cohen Financial platform to SitusAMC.

Weeks after Rocket Cos. launched its own IPO, the wholesaler is merging with a special-purpose acquisition company in a deal that values it at over $16 billion.

The company also found a buyer for its portfolio of equipment finance loans as it tries to clean up credit and refocus on middle-market lending.

Westcor has been gaining market share, growing to 5.9% of premiums written in 2Q 2020, versus 3.4% in the first quarter of 2019.

The deal brings yet another mortgage origination component under the same roof.

The potential acquirers included a "go shop" provision as a sweetener in the rejected offer.

Inconsistent loan processing was a pain point for Remax's Motto Mortgage franchisees and the acquisition should solve that, executives said.

Neither side opted to invoke their Aug. 31 termination rights and the deal is set to close by the end of September.

Cannae and Senator said they are looking to stop CoreLogic from unilaterally cancelling a vote on changing the members of its board.

The company said the sale will provide more consistent financial results and allow it to redeploy funds to support other businesses.

The DocVerify deal adds to Black Knight's goal of providing tools for each step in the home-buying and mortgage processes.

The Federal Reserve could ease capital rules, foster the creation of special-purpose banks and take other steps to strengthen minority communities and businesses without legislation being sought in Congress — if it has the will to do so, experts say.

Most of the proceeds will be used to deal with debt maturities, with the rest held by the MI unit's parent.

Freedom Mortgage's acquisition of RoundPoint Mortgage Servicing gives it a MSR portfolio of over $300 billion.