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Employee Morale Takes Hit at Fannie Mae Following Layoffs

September 8, 2026
Dennis Hollier
The firing of 10 senior executives at the government-sponsored enterprise in August rattled leaders and staffers.
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Short Takes: Opendoor Expands Purchase-Mortgage Effort / Better Having Trouble Attracting CEO Candidates / New CEO at NEXA

September 8, 2026
Brandon Ivey
Opendoor is now offering purchase mortgages in 21 states and Washington, DC.
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Garg Claims to be ‘True’ CEO of Better

September 3, 2026
Brandon Ivey
Vishal Garg issued a press release Wednesday, calling himself the “true” CEO of Better Home and Finance.
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Short Takes: Applications Hold Steady / FHA Offers Relief in Indiana / Better’s Bills Piling Up in CEO Fight

September 2, 2026
Brandon Ivey
Applications were essentially unchanged on a weekly basis last week even as interest rates ticked up.
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Short Takes: Frater Shuns Garg / reAlpha CEO Takes Leadership Role at BAC / Stewart Acquires Two Companies

September 1, 2026
Brandon Ivey and James Dohnert
Former CEO of Fannie Mae said he'll resign from Better's board if former CEO returns; BAC appoints Jamie Cavanaugh as CEO; Stewart goes on acquisition spree.
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New AI Platform Aims to Tackle Mortgage Admin

August 31, 2026
James Dohnert
Founded by mortgage industry veteran Ben Anderson, Cindie is designed to work alongside mortgage professionals throughout the lending process.
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Short Takes: Redfin Gets New CEO / Former Rocket Exec Named CEO of Informed / CV3 on Track to Originate $2 Billion in BPLs / Knock Expands to Texas

August 31, 2026
James Dohnert
Former Meta executive named CEO of Redfin; Former Rocket Pro GM named CEO of Informed; CV3 Touts technology for growth; Knock brings buy-before-you-sell product to Texas.
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Better Special Committee Warns Against Return of Former CEO

August 25, 2026
James Dohnert
Committee members warned that the former CEO's return would negatively impact the progress Better has made since his departure from the company.
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Another Round of Firings at Fannie Mae

August 24, 2026
Dennis Hollier
Pulte-led Federal Housing Finance Agency presides over further reductions in the senior staff at Fannie Mae, terminating as many as a dozen executives last week.
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NEXA Lending Acquires UMortgage

August 24, 2026
James Dohnert
As part of the merger, UMortgage CEO Anthony Casa will join NEXA as an executive partner.
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