Larger M&A Deals Begin to Hit the Market; Stonegate May Be Headed for the Auction Block
September 3, 2015
Over the past year, small and medium-sized lenders have dominated the activity in the merger and acquisitions market, but all that could be changing as consolidation fever begins to gather steam and larger, struggling players consider a take-out strategy. Also, the recent announcement that the Blackstone Group would buy a majority stake in Stearns Lending – the nation’s 12th largest originator – has sparked hopes among investment bankers that potential sellers are finally lowering their expectations when it comes to price. An offering book on Stearns had been circulating for at least a year. Meanwhile, analysts who follow Stonegate Mortgage, which ranks 25th among originators, this week suggested...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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