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Freedom Mortgage agrees to sell RoundPoint Mortgage Servicing 

Two years after acquiring RoundPoint Mortgage ServicingFreedom Mortgage Corp. has inked a deal to sell the nonbank mortgage servicer to Matrix Financial Services Corp., another leading mortgage servicer and a wholly owned subsidiary of real estate investment trust Two Harbors Investment Corp.

The acquisition is an all-stock deal, with Matrix agreeing to pay a preliminary price equal to the tangible net book value of RoundPoint, plus a $10.5 million premium. Matrix also has agreed to begin using RoundPoint as a servicer prior to the deal’s closing date “and expects to begin transferring loans to RoundPoint in the fourth quarter of this year,” the Two Harbors details ⇒

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