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WASHINGTON Federal Deposit Insurance Corp. officials defended the agency Thursday against charges it has improperly handled the failure of IndyMac Bancorp Inc., stirring concerns among depositors nationwide.
July 18 -
MetLife is selling its mortgage servicing portfolio to JPMorgan Chase. The $70 billion portfolio would increase JPMorgan's servicing business by roughly 5%, the companies said Friday.
November 5 -
Nationstar Mortgage and an affiliate company, Newcastle Investment Corp., have agreed to acquire roughly $63 billion in mortgage servicing rights from Aurora Bank FSB, a subsidiary of the bankrupt Lehman Bros.
March 6 -
Consolidation among bank dealmakers continues as Houlihan Lokey acquires Milestone Advisors. The combined firm has 28 bank M&A advisors and will try to hire more amid upheaval in investment banking.
January 8
Investment bank Houlihan Lokey has added a director with ample experience in mortgage banking deals to its financial institutions group.
Matthew Monahan will specialize in mortgage companies, real estate investment trusts and depository institutions, according to Houlihan's Wednesday press release. He had a similar focus in his previous role as a director at Deutsche Bank's financial institutions group. Before joining Deutsche Bank, he was a senior vice president in Lehman Brothers' structured assets solutions group.
Monahan has been involved in a number of major mortgage banking and specialty business deals over the course of his 20 years in the industry, including the
Houlihan specializes in mergers and acquisitions, capital markets, financial restructuring and valuation. Last year, the firm more than tripled the size of its financial services group with the
He joins Houlihan "at a very exciting time with respect to our financial services advisory activity," Eugene Weil, co-head of the Houlihan financial institutions group, said in the release. "Our team completed twice as many transactions in 2013 as in the previous year and remains a leader in the specialty finance and mortgage banking sectors."