On July 23rd, Fannie announced Mayopoulos would depart as CEO before yearend. The heavily redacted FHFA IG report is dated July 26.

We know of one large subservicer that’s for sale (Ditech Financial), but a second processor may also be considering offers.

Mayopoulos didn’t even earn a performance bonus in 2017, despite a companywide pre-tax profit of $18.4 billion.

Green will help Movement Mortgage recruit new loan officers…

Geneva CEO Aaron VanTrojen: “I think I have a target on my back.”

Fannie Mae is in the hunt for a new CEO to replace current chief Timothy Mayopoulos, but finding just the right candidate could prove difficult because of a $600,000 salary cap placed on the position back in 2015 by Congress.

Impac's Justin Moisio: “Everyone’s getting into this game.”

Mel Watt isn’t likely to ride quietly off into the sunset as his term as director of the Federal Housing Finance Agency draws to a close at the end of this year.

But the bailout calculations – mandated under the Dodd-Frank Act Stress Tests – were not done by the FHFA.

Anthony Hsieh of loanDepot: “Relax everyone. Competition is good."