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Does the FHFA Have a ‘Follow-Through’ Problem? IG Thinks So

January 25, 2021
Dennis Hollier

The FHFA IG highlighted the agency’s failure to ensure the boards of the two GSEs are notified after its Division of Enterprise Regulation has identified serious deficiencies in management. The OIG said this has been the state of affairs since at least 2016.


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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.


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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.


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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...


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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.


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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.


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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.


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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...


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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…


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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...


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