New American VP Departs Lender June 29, 2023 Paul Muolo New American funded $2.0 billion of home mortgages in 1Q23, most of it through the retail channel.Read More
Lighter Pay Packages in Mortgage C-Suites June 26, 2023 Paul Muolo The top earner among the 10 public origination/servicing shops was Frank Martell, CEO of loanDepot...Read More
Short Takes: Figure Expands to Wholesale / MPF Activity / Leadership Transition at Truist / New CFO at Cenlar June 20, 2023 Brandon Ivey Figure is now offering HELOCs through the wholesale channel.Read More
Short Takes: Servicers Reduce Staff / New Non-QM MBS / Homebuilder Buydown Tactics June 16, 2023 Brandon Ivey Staffing levels at servicers are declining, though not nearly at the rate seen on the origination side.Read More
Majority of Mortgage Professionals Living Paycheck to Paycheck June 14, 2023 Brandon Ivey High inflation and a slowdown in originations have cut into pay.Read More
Short Takes: FHA Offers Translated Docs / Redwood Cuts Dividend / Strong Demand for Change’s MBS / New Hire at Cenlar June 14, 2023 Brandon Ivey and Paul Muolo The translated documents include loan application materials, model documents and various disclosures...Read More
Sprout Settles With Ex-Employees for $3.5 Million June 7, 2023 Sam Manas The former non-QM lender settled four class actions brought by former employees.Read More
Loan Brokers Add Jobs, Mortgage Bankers Cut Some June 6, 2023 Paul Muolo At April 30, loan brokers employed 114,700 full timers.Read More
SEC Filing Details Pay Package for New loanDepot CFO June 5, 2023 Paul Muolo After 2023, his bonus could reach 200% of his base salary...Read More
Non-QM Lenders Looking to Hire May 24, 2023 James Dohnert While business is slow in most of the mortgage market, some non-QM lenders are anticipating a busy second half of 2023.Read More
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