Balance Sheet ImprovementThe acquisition improves the balance sheet and leverage ratios, reducing the non-funding debt to tangible common equity ratio from 2.4x to 1.9x, bringing it below the critical 2x threshold.
Cash Flow GenerationThe acquisition provides strong cash flow generation by acquiring a servicing portfolio with a weighted average coupon significantly lower than current mortgage rates.
Stock FloatThe deal increases the stock float from approximately 16% to around 27% through the issuance of new shares without diluting book value.