Nice Pay Raises for the C-Suite at Mr. Cooper April 5, 2023 Paul Muolo Mr. Cooper, like many mortgage shops, has engaged in large-scale layoffs the past year to bring costs in line with revenues.Read More
Short Takes: Applications Decline / loanDepot and Hsieh Work it Out / Plenty of Equity April 5, 2023 Brandon Ivey Lower interest rates weren't enough to keep loan applications increasing.Read More
Short Takes: More from CFPB on LEP / Garris Horn Adds Attorneys / MISMO Tech for Servicing Transfers March 30, 2023 Sam Manas and Brandon Ivey
A Reduction in Pay for the C-Suite at Guild March 28, 2023 Paul Muolo The figure includes salary, stock awards, and non-equity incentive compensation...Read More
Short Takes: The Stock Selling Continues / Already Down / Something to be Said for Nonbank Balance Sheets / Ocwen Leads the Pack in this Category / New President for BSI March 22, 2023 Paul Muolo According to a new report from BTIG, Ocwen was the most active repurchaser, buying up almost 20% of the company.Read More
Another Mortgage Vet Pulls the Retirement Lever March 21, 2023 Paul Muolo McGarry is the second CEO of a top-25-ranked lender to announce their retirement this year.Read More
The Mortgage Layoff Total for January: 5,000 March 10, 2023 Paul Muolo In January of last year, mortgage banking shops employed 280,900 — or 46,500 more.Read More
Short Takes: Escrow Chief Leaves HMPT / Reducing Costs at Rocket / An Increase in Business / So, What Do You Think of the Fed’s Moves? / Salary Survey March 8, 2023 Paul Muolo Is the Fed right or wrong?Read More
Home Point’s CFO Moves On, a Successor Is Sought March 6, 2023 Paul Muolo The Ann Arbor-based nonbank is scheduled to release fourth-quarter results Thursday morning.Read More
Compensation for Rocket Interim CEO Emerson: $7.2 Million March 3, 2023 Paul Muolo Emerson has been with Rocket since 1993.Read More
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