Usually, when a lender consolidates sales units, a certain amount of workers are let go...

With rates at the highest they’ve been in 27 months, mortgage lenders have to make sure they keep their costs as low as possible to be competitive. At the same time, they have to retain and attract the most productive loan officers, while still staying within the bounds of the loan originator compensation rule from the Consumer Financial Protection Bureau. During a webinar sponsored by Inside Mortgage Finance this week, Paul Hindman, managing director at Grid Origination Services, said loan officer recruiting is not just about the Benjamins. “In no particular order, should they decide to explore, loan officers will evaluate and compare the following when assessing the right model match: company brand and culture ([including] mission, vision and values); compensation clarity, [and] loan products and consistent rates/pricing,” he said. Also important are...

Spector will report to Kurland, who founded the PennyMac family of companies in 2008, two years after being forced out of Countrywide Financial Corp.

At least four names have surfaced for the FHA job in the Trump administration...

However, some nonbank executives feel that with originations expected to decline in 2017, it may time to cut back on compensation paid to LOs.

The FHA commissioner in the Trump White House will have final say on the key issue of adjusting FHA premiums and loan sizes, and likely would have input on GSE reform.

If Cato's Mark Calabria becomes FHA chief, private MI firms could benefit…

In case you’re not keeping tally, there are roughly 387 calendar days remaining before the “capital buffer” at Fannie and Freddie falls to zero on Jan. 1, 2018.

Then there’s the case of Bill Dallas, the industry veteran who runs Skyline Home Loans in Calabasas, CA. “Winter is coming,” he said in a brief email exchange with Inside Mortgage Finance.

Have any of the GSE stock speculators that bought on the cheap cashed out of their gains?