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Mortgage Bankers Continue to Trim, Brokers Add Jobs

September 5, 2023
Paul Muolo
The Federal Reserve will announce its next decision on interest rates on Sept. 20.
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Short Takes: Freddie Mac Multifamily Promotes Lillestolen / Spring EQ Acquired by Cerberus Capital / NexTier Merges With Mars Bancorp / Mortgage Delinquencies at Historic Lows

September 1, 2023
James Dohnert
Freddie Mac Multifamily hires; SpringEQ acquired by Cerberus Capital Management; NexTier Merges with Mars Bancorp; CoreLogic reports record low mortgage delinquencies.
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Altisource Asset Management CEO Resigns

August 31, 2023
James Dohnert
AAM's CEO has resigned in the midst an assessment of the company's lending operations.
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Short Takes: Southern Bancorp Aims to Expand Retail Channel / Integro Bank Launches Mortgage Division / MBA’s Open Door Foundation Hits Milestone / CSS Hires New CTO

August 31, 2023
James Dohnert
Southern Bancorp adds new lending operations; Integro Bank launches mortgage division; MBA's Open Doors Foundation reaches new milestone; Common Securitization Solutions hires chief executive officer.
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A New Production Chief at Guaranteed Rate?

August 30, 2023
Paul Muolo
GR's Chief of Retail Production, John Palmiotto, recently departed for a position at The Money Store in New Jersey.
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Blend’s CEO Granted New Compensation Package

August 29, 2023
Paul Muolo
Like most mortgage-related firms, Blend has struggled with lower originations, which has translated into declining revenue.
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Short Takes: Another Warehouse Departure? / Change Facing SEC Inquiry? / ICE-BKI Deal Nears Close / Facing Sexual Harassment Charges, NAR President Resigns

August 29, 2023
James Dohnert and Paul Muolo
Another bank might be throwing in the towel on warehouse finance...
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The LO Bidding Wars Have Ended. Sort Of...

August 28, 2023
Paul Muolo
One recruiter remarked, "Does anyone in this industry ever rein themselves in?”
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Short Takes: Interest Rates Expected to Decline / Small Cuts to Staff / Home Prices in California Rebound / Fay Servicing Upgraded

August 18, 2023
Brandon Ivey
Industry economists project that interest rates on mortgages will peak during the third quarter...
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Short Takes: PrimeLending Adds LOs / Servicer Using Blockchain / New Construction Share of Home Sales

August 17, 2023
Brandon Ivey
Not all lenders are cutting staff...
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