Anthony Hsieh, loanDepot’s $50 Million Man January 22, 2021 Brandon Ivey and Paul Muolo According to the S-1, the pay includes a base salary of $408,994 and a bonus of $42.5 million. Read More
White House Names Interim CFPB Director: Uejio January 21, 2021 Lisa Burden Uejio first started at the bureau in 2012. He has held several positions with the agency, including lead for talent acquisition.Read More
Short Takes: Coming (Sort of) Soon: A 30% Market Share for Loan Brokers? / Still Hiring / Another Milestone for Broker Employment / FHFA Stays Busy January 20, 2021 Paul Muolo and Dennis Hollier According to figures compiled by the U.S. Bureau of Labor Statistics, loan brokerage firms now employ 109,800 full-timers...Read More
Biden’s Pick for the CFPB Job: Chopra. Tougher Enforcement Ahead? January 18, 2021 Lisa Burden If approved by the Senate he would replace Kathy Kraninger, a business-friendly Trump-appointed official who has led the agency since 2018.Read More
Former Fannie Mae Exec Bon Salle Resurfaces at Home Point January 12, 2021 Dennis Hollier It's good timing for former Fannie executive Andrew Bon Salle. Home Point is about to go public.Read More
CEO Pay and Profits North of $100 Million in 2020? January 10, 2021 Paul Muolo Sound crazy? Not necessarily and not if you factor into the equation the fact that company owners — should they so choose — have the right to pull cash out of their firms.Read More
MBA Lobbies for Permanent Work-From-Home Flexibility January 4, 2021 Yemeng Yang During the COVID crisis, many states have temporarily allowed licensed MLOs to work from their (unlicensed) homes, rather than branches...Read More
Short Takes: Nonbanks Face the (GSE) Music on Liquidity Requirements / MBA is Not Happy / Hope? / Citi Goes English-Only / Freddie Official Hired by the CFPB December 21, 2020 MBA criticized the secretive nature of the rule change, arguing that by using lender letters, the maneuver short-circuited the normal comment period…Read More
The Mortgage Hiring Binge Continues December 10, 2020 Paul Muolo As the year winds down, mortgage firms still need workers, especially in the back office... Read More
Short Takes: Mortgage Déjà Vu / A Warehouse Securitization From loanDepot / Throwing Cold Water on Downsizing by Homeowners: Rates / A Promotion at Impac December 9, 2020 Paul Muolo According to Moody’s, prior to the securitization, loanDepot had sponsored five warehouse deals totaling $1.8 billion...Read More