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Fannie Earnings Stable in First Quarter

April 30, 2025
Dennis Hollier
FHFA's new director made an appearance at Fannie Mae's first-quarter earnings call.
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A $13 Million Pay Day for UWM CEO Ishbia

April 28, 2025
Paul Muolo
Just $1.03 million of Ishbia’s pay was in the form of stock awards.
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Amerant Bank Retreats on Mortgage Lending

April 24, 2025
Brandon Ivey
The bank will shift from lending in 30 states to focusing on customers in its branch network in Florida.
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Short Takes: Sales of New Homes Increase / No Questions for Mr. Cooper / Loss on Sale to A&D / Hsieh’s Monthly Expense Reimbursement

April 24, 2025
Brandon Ivey
Sales of new homes increased on both monthly and annual bases in March.
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Waterstone Settles Poaching Lawsuit With Mutual of Omaha

April 23, 2025
Brandon Ivey
The settlement contributed to a pre-tax loss of $2.2 million for Waterstone’s mortgage unit in the first quarter of 2025.
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A $21 Million-Plus Comp Package for Rithm’s CEO

April 21, 2025
Paul Muolo
Rithm would like to spin off Newrez but, in general, the market hasn’t been treating mortgage equities very well these days.
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Short Takes: First American Fires CEO / Home Price Expectations Come Down / Fannie to Issue CRT Deal

April 15, 2025
Brandon Ivey
Ken DeGiorgio, the now-former CEO of First American Financial, is facing a federal assault charge for an altercation that occurred on a cruise ship in late March.
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Appeals Court: CFPB Staffers Can be Fired for Specifics

April 14, 2025
Shannon Clark
The order retains the prohibitions on destruction of records, wholesale termination of contracts, and transfer of funds.
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Short Takes: GSEs Update Servicing Guidelines / Smaller CES Securitization From PIMCO / AGNC Keeps Dividend Steady / New Leader at SEC

April 10, 2025
Brandon Ivey
Bulletins from the GSEs detailed updates to servicing guidelines.
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Fannie Fires 100+ Employees for ‘Unethical Conduct’

April 9, 2025
Dennis Hollier
Neither Fannie or FHFA provided details about which employees were implicated in unethical activities or what evidence there was of potentially criminal behavior.
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