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Freddie Names Interim CEO: Mark Grier

March 16, 2021
Dennis Hollier

Grier will remain as a director, though he’ll abstain from committee work. He’ll also receive the standard CEO base salary of $600,000...


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It’s LO Bonus Time — And Recruitment Season As Well

March 14, 2021
Paul Muolo

A slowdown in LO hiring? Don't bet on it...


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With Lower Volumes, LO Recruitment Should be Easier. Right?

March 11, 2021
Paul Muolo
When rates increase and loan volumes fall, loan officers tend to stick around instead of heading into the unknown at another shop. But there are exceptions.
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Ocwen Grants $700K Severance Deal for Departing Chief Growth Officer

March 10, 2021
Paul Muolo

Ocwen: “The separation and release agreement provides for a release of claims against the company and for Mr. Yanoti to comply with certain non-solicitation and other covenants.”


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Short Takes: The Story Lingers / A Sign of Intense Competition? / It Won’t Always Be That Way (Profits) / Doma’s IPO Plans / Envoy Executive Departs for Cardinal

March 8, 2021
Paul Muolo

MBA Takes Sides in UWM-Rocket-Fairway Dustup

March 8, 2021
Paul Muolo and Maria Volkova

MBA's Broeksmit was reacting to a Facebook speech delivered by Ishbia who gave the company’s broker/partners an ultimatum: If they work with Rocket Mortgage or Fairway Independent Mortgage, they can’t work for UWM.


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FHFA Cranks Up the Hiring Machine

March 8, 2021
Dennis Hollier

According to FHFA’s own performance and accountability reports, the number of employees at the agency grew from 609 in 2019 to 635 in 2020. More tellingly, FHFA has budgeted for an additional 113 employees in 2021.


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Nation’s Largest Wholesaler UWM Takes Aim at Two Competitors; Rocket Fires Back

March 5, 2021
Maria Volkova and Paul Muolo

If loan brokers violate the agreement, it could cost them upwards of $50,000...


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CFPB Nominee: Agency Will Not Dictate Housing Finance Policy

March 3, 2021
Lisa Burden

Chopra said industry participants will be offered a “robust way to comply” with fair lending laws and that wrongdoers will be held accountable...


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New Leadership at Non-QM Aggregator Deephaven, Nichols Stays on at Pretium

February 25, 2021
Brandon Ivey

A former Goldman Sachs executive, Nichols is now co-head of Pretium’s residential credit business and executive board chair of Deephaven.


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Latest Imf News

  • First-Lien Originations Decline by 16% in Third Quarter

  • Income Spikes at Rocket in Third Quarter, Helped by Servicing

  • Redwood Issuing Private Non-Agency MBS, No AAA Ratings

  • Pennymac Sees Loss on Production in 3Q; Servicing Profits

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