Another Mortgage Vet Pulls the Retirement Lever March 21, 2023 Paul Muolo McGarry is the second CEO of a top-25-ranked lender to announce their retirement this year.Read More
The Mortgage Layoff Total for January: 5,000 March 10, 2023 Paul Muolo In January of last year, mortgage banking shops employed 280,900 — or 46,500 more.Read More
Short Takes: Escrow Chief Leaves HMPT / Reducing Costs at Rocket / An Increase in Business / So, What Do You Think of the Fed’s Moves? / Salary Survey March 8, 2023 Paul Muolo Is the Fed right or wrong?Read More
Home Point’s CFO Moves On, a Successor Is Sought March 6, 2023 Paul Muolo The Ann Arbor-based nonbank is scheduled to release fourth-quarter results Thursday morning.Read More
Compensation for Rocket Interim CEO Emerson: $7.2 Million March 3, 2023 Paul Muolo Emerson has been with Rocket since 1993.Read More
Ginnie Promotes Valverde, Seeks New COO March 2, 2023 Monica Hogan Ginnie promoted Sam Valverde to principal executive vice president and is seeking a new executive vice president and chief operating officer to replace him.Read More
Short Takes: Fannie’s Appraisal Change / Businesses Seek Intervention by Congress on FTC’s Noncompete Proposal / No Layoffs at UWM / Angel Oak’s REIT Rebrands March 2, 2023 Brandon Ivey Fannie Mae is "moving away from implying that an appraisal is a default requirement."Read More
Fix-and-Flip Player Anchor Has a New CEO February 24, 2023 Paul Muolo Mathoda’s resume includes stints at Genesis Capital and McKinsey & Co.Read More
The Job Cuts Keep Coming: Wells Reveals Additional Layoffs in Mortgages February 22, 2023 Paul Muolo How many workers were let go is unclear...Read More
Short Takes: FHA MIP Cut to be Announced Wednesday / How M&A Can Pay Off (American Pacific) / The Farner Revelation / Timing / So Long, Subservicer / Deephaven’s New COO Hails From GR February 21, 2023 Paul Muolo The Piper report notes, “A change at the CEO level prior to a pending earnings announcement presents some consternation"...Read More
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