True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbor

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Don’t sleep on non-QM products

Now is the perfect time for originators to consider expanding to non-QM products – to grow business, diversify their offerings and to ensure an opportunity to better serve their customers.

IPO / M&AMortgage

AmeriHome revives IPO plans

Lender and servicer made $174M profit in Q3 2020

Months after it delayed its $250 million initial public offering, AmeriHome has signaled that it may now be ready to enter the public markets.

The lender and servicer filed updated paperwork with the Securities and Exchanges Commission on Monday detailing its performance through Sept. 30.

According to the updated S-1, AmeriHome, owned by asset management firm Apollo Global, generated $173.8 million in net income during the third quarter. AmeriHome also originated $17 billion in residential loans during the third quarter.

The company is the No. 3 correspondent lender in the country, and also sports a servicing business with about $96 billion in mortgage servicing rights, up from $87 billion as of the second quarter of 2020. AmeriHome earns fees that range between 25 and 56.5 basis points on loans it services, the S-1 said.

Executives at the company pulled the plug on the IPO in late October amid broader turmoil in the financial markets. The firm planned to raise $250 million by offering roughly 14 million Class A shares at a price range of $16 and $18 – valuing AmeriHome at $1.3 billion.


Amid record-high origination volumes, mortgage fraud risk is down – Here’s why

CoreLogic’s annual Mortgage Fraud Report found that the risk of mortgage fraud for the 12 months ending June 2020 decreased 26.3% year-over-year nationally.

Presented by: CoreLogic

Like AmeriHome, lender and servicer Caliber Home Loans also postponed its IPO in late October. Caliber, owned by private equity firm Lone Star Funds, was seeking a valuation north of $2 billion when it scotched the public offering. It’s unclear what Caliber’s immediate plans are for a possible IPO.

Several other lenders and servicers also plan to go public in the coming months. United Wholesale Mortgage is eyeing a $16.1 billion valuation on Jan. 22 when it debuts via a special purpose acquisition company. Blackstone Group-owned Finance of America is also looking to go public, as is digital lender Better.com.

Leave a comment

Most Popular Articles

Volume-hungry mortgage lenders loosen credit standards

Mortgage credit availability loosened up in April by 2.2%, per the MBA. The drivers were in conventional mortgages and GSE programs for ARMs and high-balance loans.

May 11, 2021 By

Latest Articles

Genworth mortgage insurance arm IPO on ice

Genworth Financial said it will delay the initial public offering of its recently rebranded mortgage insurance arm, Enact Holdings.

May 13, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please