GR's Chief of Retail Production, John Palmiotto, recently departed for a position at The Money Store in New Jersey.

Like most mortgage-related firms, Blend has struggled with lower originations, which has translated into declining revenue.

Another bank might be throwing in the towel on warehouse finance...

One recruiter remarked, "Does anyone in this industry ever rein themselves in?”

Industry economists project that interest rates on mortgages will peak during the third quarter...

Not all lenders are cutting staff...

Rocket has “kind of fallen off the deep end,” according to Mat Ishbia, chairman and CEO of United Wholesale Mortgage.

Varun Krishna will also be CEO of Rocket Mortgage.

The MBA reports that new home purchases up 26.1%; Six First Republic private client banking teams join Flagstar; Redfin finds home prices are up 2.1% year-over-year; First Horizon announces new client-focused podcast.

Second quarter mortgage banking revenue at USB came in at $161 million compared to $128 million in 1Q23.