Mortgage originators that produce $1 billion to $4 billion a year in loans are continuing to be courted by potential suitors, but not many sale agreements are getting signed these days, according to investment bankers. “Private equity firms are still looking to enter the business, and sellers are listening, but I’m not seeing too many deals being completed,” said Chuck Klein, a managing partner at Mortgage Banking Solutions, Austin, TX. At the beginning of the year, Klein was...
“A number of companies are expanding the lines they need,” said Larry Charbonneau. “I’ve been doing a number of reviews for warehouse banks lately. Volume is definitely picking up.”
In late August, a notice appeared on the website of the Federal Trade Commission under the banner of the agency’s “pre-merger notification program,” identifying Wells as the winning bidder…