The Passing of Countrywide Co-Founder Angelo Mozilo July 17, 2023 Paul Muolo Up until the subprime crisis, Mozilo was one of the most admired and well-respected residential lending executives in the nation. Read More
Movement Mortgage Sales Chief Departs July 12, 2023 Paul Muolo Pennington worked for Movement for 15-plus years...Read More
Short Takes: Figure Partners With More Lenders / Quick Approval and a Credit / Limited Inventory / New Hire at Cenlar July 12, 2023 Brandon Ivey Several top lenders have outsourced originations of home equity lines of credit to Figure.Read More
Finally, Mortgage Bankers Add Jobs July 10, 2023 Paul Muolo Since early 2022, lenders of all stripes have been laying off workers to right-size their operations for leaner times.Read More
New American VP Departs Lender June 29, 2023 Paul Muolo New American funded $2.0 billion of home mortgages in 1Q23, most of it through the retail channel.Read More
Lighter Pay Packages in Mortgage C-Suites June 26, 2023 Paul Muolo The top earner among the 10 public origination/servicing shops was Frank Martell, CEO of loanDepot...Read More
Short Takes: Figure Expands to Wholesale / MPF Activity / Leadership Transition at Truist / New CFO at Cenlar June 20, 2023 Brandon Ivey Figure is now offering HELOCs through the wholesale channel.Read More
Short Takes: Servicers Reduce Staff / New Non-QM MBS / Homebuilder Buydown Tactics June 16, 2023 Brandon Ivey Staffing levels at servicers are declining, though not nearly at the rate seen on the origination side.Read More
Majority of Mortgage Professionals Living Paycheck to Paycheck June 14, 2023 Brandon Ivey High inflation and a slowdown in originations have cut into pay.Read More
Short Takes: FHA Offers Translated Docs / Redwood Cuts Dividend / Strong Demand for Change’s MBS / New Hire at Cenlar June 14, 2023 Brandon Ivey and Paul Muolo The translated documents include loan application materials, model documents and various disclosures...Read More
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