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...Read More
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.Read More
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...Read More
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...Read More
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.Read More
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."Read More
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.Read More
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.Read More
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.Read More
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.Read More