Short Takes: Applications Decline / Foreclosures Tick Up / LendingOne to Expand Wholesale April 19, 2023 Brandon Ivey Mortgage demand declines as interest rates increase...Read More
Ailing Non-QM Lender Paid CEO $1.5 Million Last Year April 13, 2023 Paul Muolo The Newport Beach, CA-based firm lost $39.4 million last year compared to red ink of $3.9 million in 2021.Read More
Mortgage Layoffs Accelerated in February April 11, 2023 Paul Muolo With interest rates falling in recent weeks, the origination market has perked up a bit, but...Read More
Nice Pay Raises for the C-Suite at Mr. Cooper April 5, 2023 Paul Muolo Mr. Cooper, like many mortgage shops, has engaged in large-scale layoffs the past year to bring costs in line with revenues.Read More
Short Takes: Applications Decline / loanDepot and Hsieh Work it Out / Plenty of Equity April 5, 2023 Brandon Ivey Lower interest rates weren't enough to keep loan applications increasing.Read More
Short Takes: More from CFPB on LEP / Garris Horn Adds Attorneys / MISMO Tech for Servicing Transfers March 30, 2023 Sam Manas and Brandon Ivey
A Reduction in Pay for the C-Suite at Guild March 28, 2023 Paul Muolo The figure includes salary, stock awards, and non-equity incentive compensation...Read More
Short Takes: The Stock Selling Continues / Already Down / Something to be Said for Nonbank Balance Sheets / Ocwen Leads the Pack in this Category / New President for BSI March 22, 2023 Paul Muolo According to a new report from BTIG, Ocwen was the most active repurchaser, buying up almost 20% of the company.Read More
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
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