Rocket, United Wholesale Mortgage add new members to c-suite
NEXA Lending also welcomed Andrew Deyo as leader of its Business Development Marketing program, and Flyhomes added three members to its leadership team.
Industry News
Two Harbors wants UWM to return its $25 million termination fee
The REIT accused the wholesale leader of hiding its massive market gamble during the negotiations, which resulted in $741 million in losses.
Moody’s: CLOs have prepped for worsening credit quality
Liability management exercises are driving defaults and complicating recoveries in collateralized loan obligation pools.
By
John Hintze
Atlas deal signals shift to live GSE disaster monitoring
Atlas VMS acquired CloseClear.ai to help lenders prevent post-appraisal GSE buybacks. The tech continuously matches active pipelines against live disaster maps to plug closing blind spots.
Who would you give your money to, hyperscalers or the U.S. government?
There are two monster debtors out there — the AI industry and the U.S. government. Is the credit market big enough for the both of them?
Two Harbors fires back at UWM, calling lawsuit frivolous
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
Flush with capital, Morgan Stanley eyes potential purchases
The investment banking giant has a hefty amount of excess capital, some of which is being used to meet client demand. At the same time, the company is open to opportunities to do bolt-on acquisitions, CEO Ted Pick said.
Ellington’s well-timed strategy shift to CLOs
First-loss risk prompts Ellington's migration to the mezzanine level, although some secondary-market equity gets thumbs up.
By
John Hintze
UWM concedes but defiant in its views on Two Harbors’ board
A dividend cut is what some feel likely to be next for UWM, in order to reduce leverage levels which are well above competitors Rocket and Pennymac
Two Harbors shareholders finally approve CrossCountry deal
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
Commerce to acquire boutique middle-market investment bank
The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.
By
Jasmine Ni
Two Harbors delays CrossCountry deal vote again
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
Kevin Warsh steps into the octagon
The new Fed chair takes his seat for the first time but may find it was easier to be an outside critic than inside leader.
Truist shakes up C-suite, names Fiserv’s Lyons as CEO
The North Carolina-based regional has recruited Michael Lyons to serve as CEO, starting Sept. 1. Lyons will replace Bill Rogers, who plans to retire in April 2027.
United Community to sell a high-achieving equipment-finance unit
CEO Lynn Harton said his Greenville, South Carolina-based bank struggled the past year to keep Navitas from overshooting the limit the bank set for its expanding portfolio, about 10% of total loans.
Achieve’s sophomore debt relief ABS raises $151.4 million
Although the follow-up securitization also issued three classes of notes, the deal amount is also much smaller than the first deal, with raised $217.2 million.
Why servicing is so important to mortgage originators now
The latest acquisition activity points to the importance of decisions lenders make regarding their MSRs in 2026 and some considerations unique to each company.
Two Harbors postpones CrossCountry acquisition vote
The delay preserves a lifeline for competing bidder United Wholesale Mortgage, which previously reached an agreement to acquire the servicer last year.
U.S. CLO volume dipped in April, again, says Fitch
Also, spreads on broadly syndicated loan and middle-market CLOs widened for the second month.
Two Harbors rejects UWM’s hostile $12.50 offer
The announcement comes following an Institutional Shareholder Services report which urges shareholders to vote no on the CrossCountry Mortgage transaction.
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