According to Rick Roque, who heads MenloGlobal, “for the most part, executive level opportunities are stagnant, unless production comes with it."

Some banks pay between 50 and 80 basis points per loan. At the top end of the market are loan officers who earn between 150 and 200 basis points per transaction.

According to figures compiled by Inside Mortgage Finance, Wells Fargo was the nation’s largest home lender in the third quarter with $49.95 billion. JPM was a distant second.

The general consensus among those interviewed is that nonbanks will be more aggressive in their recruiting than depositories.

It’s anticipated that in the coming year nonbanks will continue to steal production market share away from depositories.

We continue to hear reports about a new player in the warehouse lending space that is offering attractive borrowing rates that appear too good to be true.

Associates of Erbey told IMFnews that he knew several weeks ago that he would be stepping down from the company and viewed himself as a sacrificial lamb of sorts…

Scavone was hired by the company in January of 2014.

Plunging oil prices have led to a sell-off in stocks and a flight to quality, namely U.S. Treasuries and agency-backed MBS.

A mid-sized nonbank based in Texas saw two of its top officers resign last week, industry sources confirmed to IMFnews.