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Resignations at Better.com as Founder Tries to Smooth Things Over

December 8, 2021
Paul Muolo
Regarding the apology, one human resources executive said Garg’s new email is “too little, too late. I think Garg now realizes he made a tragic mistake.”
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Better’s Competitors to the Rescue in Layoff Saga?

December 7, 2021
Paul Muolo
Better.com still hopes to go public via a special purpose acquisition company maneuver...
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NMLS Renewals for LOs Slowed by System Errors

December 7, 2021
Sam Manas
MBA says the system issues have caused significant delays and imposed costs on state-licensed companies.
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FHA, Ginnie Mae Still Waiting for Senate-Confirmed Leadership

December 6, 2021
Monica Hogan
Montgomery waited almost seven months for a vote to become FHA commissioner in the Trump administration, even though he had held the job previously...
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Mortgage Bankers Get Pink Slips, Brokerage Employment Almost Flat

December 3, 2021
Paul Muolo
The loan brokerage sector fared a bit better with layoffs of just 200 workers...
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Some Publicly Traded Lenders Move to Cut Costs

December 3, 2021
Paul Muolo
Personnel costs are something to keep an eye on in the waning months of the largest refi boom ever...
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GR’s $2 Billion-a-Year Loan Officer. How He Did It…

December 3, 2021
Sam Manas
One consultant estimated that Banosian must have a team of at least 200 people around him...
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Fannie Goes Inhouse and Names a New CFO

December 2, 2021
Dennis Hollier
Controller Chryssa Halley to run financial team at the mortgage giant.
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FHA, Ginnie Mae Still Waiting for Senate-Confirmed Leadership

December 2, 2021
Monica Hogan
A full Senate vote on Julia Gordon’s nomination as FHA commissioner could slip into 2022, while the Senate Banking Committee could vote on Alanna McCargo’s nomination as Ginnie Mae president this week.
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Short Takes: loanDepot Falls Below $5.00 / Cash-out Refis to the Rescue? / The ‘Oldest’ Mortgage Stock? / Guaranteed Rate’s $40 Million Man?

November 29, 2021
Paul Muolo
A GR LO cracks the $2 billion mark in originations. Are there others out there?
Read More
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