Varde Partners, which four years ago purchased fledgling nonprime lender Deephaven Mortgage, Charlotte, NC, is now contemplating selling the company, industry officials who claim to have knowledge of the matter told Inside Mortgage Finance this week.
One advisor said he knows of three bulk transactions that are stalled: one sized at $7.0 billion, another at $16.0 billion, and one more at $24.5 billion.
Small- to medium-sized residential lenders are finding a home in today’s merger-and-acquisition market, but larger transactions are facing long odds with private equity investors sitting on the side-lines. At least that’s the view this week from a handful of advisors interviewed by Inside Mortgage Finance.