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Sun American Mortgage - Reverse Mortgage Lender

Sun American Mortgage is a lender, seller and servicer of the government insured Reverse Mortgage. Over twenty years ago, we closed the first ...

M&A rumor mill: Who will Finance of America and RPM buy next?

RPM could be looking to expand its success after  Standard & Poor's   placed its U.S. residential mortgage originator ranking at "Above Average" for the third straight year after it reviewed the company’s origination process for prime residential mortgages, including conventional, government agency and jumbo loans.

It wouldn’t be the company’s first acquisition. Back in 2014, it acquired Regency Mortgage , a 14-branch private mortgage lender with operations in New Hampshire, Maine, Massachusetts, Vermont and Florida.

However, RPM denied the alleged acquisition. "RPM Mortgage is not in a deal with AFN Corp," said Julian Hebron, RPM executive vice president of sales and marketing in an email to HousingWire

But that’s not the only acquisition buzz right now. Industry sources also report that Finance of America , a national, full service mortgage banker, is finalizing two purchases of national lenders. Sources say they will announce the acquisition in the beginning of September.