Wintrust Financial Corp. has announced an agreement to purchase certain assets and assume certain liabilities of iFreedom Direct Corp., which originates VA-backed loans as Veterans First Mortgage.
Guaranteed Rate, long the subject of sale rumors, has agreed to sell a chunk of the company to private equity firm Thomas H. Lee Partners, fueling speculation that in time the rest of the nonbank might be placed on the auction block.
The acquisition, once consummated, will put New Residential in the business of originating loans directly to consumers. It also could have CFPB implications…
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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