Inside Thoma Bravo’s $9 Billion Mortgage Market Windfall

... [+]Upon further review, it was deemed a giant mistake.

The return underscores the two dominant trends in the investing world right now. A Central Bank determined to use cheap money to prop up the market and stimulate the economy makes this a time of epic investment windfalls. But they’re surprisingly hard to come by. Active fund managers are struggling to beat the S&P 500 as a handful of soaring tech stocks push the index to new record highs, while most others stagnate or plunge.

Buyout funds saw an obvious mistake. Within days, three firms including Thoma Bravo were knocking on Ellie Mae’s door, inquiring about taking the company private. In October 2019, Ellie Mae paid about $350 million to buy Capsilon, a natural language processing and machine learning startup that could help customers more accurately pull data from voluminous mortgage applications, lowering errors and exceptions. The business filled out an area where Ellie Mae had invested heavily, but not seen great results.

Already a giant cog in the trading of stocks, bonds and derivatives globally, mortgages had long been an area of investment for ICE but where success was still halting. In one fell swoop, it could finance a deal for Thoma Bravo’s portfolio company at record low rates and catapult ICE into an industry lead. While the bet is no sure thing, low mortgage rates and geographic shifts created by the pandemic may give the housing market years of pent up activity for Ellie to service.

'GlobalMidnightExpress 주님께 있어, 민주주의는 없습니다. 주님은 천국 군대대장이십니다. 환난은 매우 두려운 시간입니다. 회개와 거룩함으로 주님의 길을 예비하십시오

Jesus came that He may set you apart from the earth. GlobalMidnightExpress

Hello people, if you're seeing this please help me retweet my pinned post. Just a retweet is all I'm begging for. Help a brother 🙏

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

U.S. tech stocks are now worth more than the entire European stock marketThis is the first time the market cap of the U.S. tech sector, at $9.1 trillion, exceeds Europe, which including the UK and Switzerland is now at $8.9 trillion, according to Bank of America. dahboo7 I can hear the money printers going now. How long can they prop this up? Bubble
La source: CNBC - 🏆 12. / 72 Lire la suite »

Netflix stock price jumps, market cap up $25 billion after user poll - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Good for them...They rightfully deliver what they claim to in value terms to their customers...🙌
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

What is a mortgage? It's a loan for buying a home that you repay in monthly installments - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »