M&A Deal Summary

Freedom Mortgage Acquires J.G. Wentworth Home Lending

On August 1, 2019, Freedom Mortgage acquired financial services company J.G. Wentworth Home Lending

Acquisition Highlights
  • This is Freedom Mortgage’s 2nd transaction in the Financial Services sector.
  • This is Freedom Mortgage’s 3rd transaction in the United States.
  • This is Freedom Mortgage’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-08-01
Target J.G. Wentworth Home Lending
Sector Financial Services
Buyer(s) Freedom Mortgage
Deal Type Add-on Acquisition

Target

J.G. Wentworth Home Lending

Chesterbrook, Pennsylvania, United States
J.G. Wentworth Home Lending LLC is one of the nation's largest direct and retail home mortgage lenders. J.G. Wentworth parent company, J.G. Wentworth, has served the community since 1992. J.G. Wentworth created a streamlined, technology advanced organization to provide consumers with low mortgage rates and an efficient mortgage process. Affordable, fast, easy and eager to serve.

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Buyer(S) 1

Buyer

Freedom Mortgage

Mount Laurel, New Jersey, United States
Category Company
Founded 1990
Sector Financial Services
DESCRIPTION

Freedom Mortgage Corp. (dba Jefferson Home Mortgage and Loan) is a mortgage banker that has been lending to residential homeowners.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-06 JPMorgan Chase - Rural Housing Business

United States

JPMorgan Chase - Rural Housing Business is a provider of financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 RoundPoint

Fort Mill, South Carolina, United States

RoundPoint is a fully integrated, non-bank mortgage lending and servicing company that actively purchases mortgage servicing rights (MSR) from sellers of Fannie Mae and Freddie Mac loans. The company also offers an array of subservicing options that can be customized to meet individual investor needs for both Agency and Non-Agency portfolios. RoundPoint's multifaceted approach is designed to build collaborative relationships and provide an unmatched level of service for investors and business partners. It also offers a Homeownership Marketplace designed to provide a single location for our customers to better manage and protect their home. RoundPoint was formed in 2007 and is based in Fort Mill, South Carolina.

Sell -
Mergr

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