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Struggling Better.com Hires Former Caliber Executive as New President

May 13, 2024
Paul Muolo
Smith's resume includes stints at Caliber Home Loans and Mission Loans...
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Short Takes: McCargo Moves On to FHLBank / Refis Drive Applications Up / Home Sales Expected to Increase / LO Comp Following Cyberattack

May 8, 2024
Brandon Ivey
Alanna McCargo was appointed as president and CEO of the Federal Home Loan Bank of San Francisco.
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An Uneven Story on Mortgage CEO Comp

May 6, 2024
Paul Muolo
Another CEO who received a large comp hike last year even though his company posted a huge loss was Vishal Garg of Better Mortgage...
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Mortgage Pink Slips Keep Coming, but Relief May Be in the Air

May 6, 2024
Paul Muolo
It’s unclear at this point whether lenders will need to trim additional staff...
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Short Takes: GSEs Revise Guides / Purchase-Mortgage Lending Increases at Zillow / Fairway Touts LO Recruits / Annaly Fast With MBS

May 2, 2024
Brandon Ivey
The GSEs established a formal definition for mortgages to first-generation homebuyers.
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UWM Pays for CEO’s Security, Mentions ‘Threats’ to Ishbia

May 1, 2024
Paul Muolo
In 2023, UWM awarded Ishbia $12.16 million in compensation, including $1.26 million to cover “security services and equipment."
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A Pay Cut for loanDepot Chief Martell

April 29, 2024
Paul Muolo
In 2022, when the lender/servicer posted a net loss of $610.4 million, Martell’s pay package totaled $16.4 million.
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FTC’s Ban on Noncompete Clauses Face Legal Challenges

April 25, 2024
James Dohnert
Workers across industries, including mortgage companies, had sent FTC comments describing how noncompetes compel them to endure jobs with poor working conditions. The MBA and other trade groups oppose the rule.
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FTC to Ban Noncompete Agreements

April 24, 2024
James Dohnert
Examples from various industries, including the mortgage market, helped to push the FTC to issue the final rule.
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Short Takes: Applications Down Slightly / Sales of New Homes Increase / New CEO at Figure Technology Solutions / Lender to Offer Services in Spanish

April 24, 2024
Brandon Ivey
Applications declined somewhat as interest rates increased.
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Latest Imf News

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