Mortgage servicing rights may not seem like a particularly tempting investment. But in these turbulent times they’re attracting new interest from the private equity world.
It should be a banner year for mergers and acquisitions in the residential finance space. Already, two deals have been announced, with more likely to follow.
The market isn’t viewing publicly traded mortgage lenders favorably these days and that’s a problem for the one remaining IPO/SPAC candidate: Better.com.
FDIC Chair Jelena McWilliams’ resignation clears the path for Democratic control of FDIC rulemaking, which could translate into tougher bank merger rules.
One might think the mortgage SPAC thing has run its course. Maybe for lenders, but what about mortgage and real estate-related software? For star power, there’s Dave Winfield.
Faced with a not-so-welcoming IPO market earlier this year, AmeriHome and Caliber Home Loans did the next best thing: The two public-bound nonbanks found willing buyers to pay a decent price. Should Better.com do the same?
Better.com’s dream of becoming a public company is on shaky ground these days. Events of the past week include a large layoff conducted over Zoom and the CEO apologizing after making disparaging remarks about those he cut.