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Ginnie Increases Employee Count in 2024

January 3, 2025
Brandon Ivey
As of the end of September, the agency had 265 employees, up 25% from a year ago.
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Short Takes: Annaly off to Quick Start With MBS in 2025 / Outsourcing in Zambia / Residential PACE Originations Constrained

January 2, 2025
Brandon Ivey
Annaly Capital Management is preparing to issue the first non-agency MBS of 2025.
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Short Takes: Government Shutdown Impact / Existing-Home Sales Increase / Baby Boomers and Home Equity / Ginnie Senior Leader Retiring

December 20, 2024
Brandon Ivey
Among many other issues, the shutdown would pause authorization for new flood insurance policies under the National Flood Insurance Program, potentially impacting home sales.
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Flagstar's CFO Departs, Lee Smith Named to Replace Him

December 16, 2024
Paul Muolo
Gifford, just a few days ago, gave notice to Flagstar that he will be leaving the federally insured depository.
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Short Takes: French Hill to Lead HFSC / FHA Offers Hurricane Relief to Lenders / Affordability Issues Persist / Negative Outlook for Statebridge / PHH Turns to Blend

December 13, 2024
Brandon Ivey
Rep. French Hill, R-AR, will lead the House Financial Services Committee next year.
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Another Month of Mortgage Job Gains. However…

December 9, 2024
Paul Muolo
Loan brokers added 100 full-timers during October, bringing their head count to 86,700 positions.
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Hiring Outlook Cloudy, LO Comp Under Pressure?

December 2, 2024
Paul Muolo
Commissions for retail mortgage loan officers seem to be stuck in a narrow band, said one consulting firm.
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Trump Picks Former State Legislator, NFL Player Turner for HUD Chief

November 25, 2024
Monica Hogan
Turner, currently chief visionary officer for multifamily housing developer JPI, also worked in the first Trump administration.
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Cherry Hill REIT Shifts to Internal Management, Ditching Middleman

November 15, 2024
Brandon Ivey
The REIT and Cherry Hill Mortgage Management, the external manager owned by Stanley Middleman, disagree about whether CHMI should pay an $18.4 million fee to terminate the external management agreement.
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CrossCountry Mortgage Hires Former PennyMac Officials

November 14, 2024
Brandon Ivey
The three executives hired by CrossCountry previously held similar positions at PennyMac.
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