Consumer-direct LOs had a higher average base compensation than retail LOs but received much lower incentive payments.

AmeriHome Mortgage, a larger correspondent buyer of loans, recently said it’s hiring internal support positions.

Some in the industry believe the GSE common shares are essentially worthless with the junior preferred falling into the category of being a speculative bet.

The FHFA was created in part because its predecessor, the Office of Federal Housing Enterprise Oversight, was widely seen as lacking enough independence to adequately oversee the GSEs...

Mark Filler, CEO of “fix and flip” lender Finance of America Commercial, Chicago, has parted ways with the company two months after its parent company bought his firm, Jordan Capital, and merged it with another lender in the space. According to sources close to Filler, his departure came as a surprise. When the deal was first struck in February, Filler was put in charge of FOAC, which combined Jordan with B2R Finance. When the merger was announced, Filler looked...

The two top executives at Impac Mortgage Holdings took home a combined $13.22 million in pay last year...

Denmar Dixon, who stepped down as CEO of Walter Investment Management Corp. last year, received $6.62 million in total compensation for 2016 while the company posted a net loss of $529 million.

If Mr. Cooper was the first choice, what were the others?

At this pace, you can expect that by yearend New Rez will be the nation’s second largest servicer, at least in terms of ownership rights…

Sources told IMFnews that the CFPB was seeking a settlement in the range of $50 million from the servicer...