Title Company Plan to Buy the Assets of Allonhill May Say Something About Future of Due-Diligence Business
September 6, 2013
Stewart Information Services, which has made a name for itself in the title insurance space, has purchased most of the assets of Allonhill, LLC, a due-diligence firm that conducts reviews on non-agency loans feeding jumbo MBS. No purchase price was disclosed on the sale. As Inside MBS & ABS went to press, both companies were saying little about the sale outside of a short press release. Due-diligence sources familiar with the deal say...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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