Short Takes: Applications Increase / Bowman Nomination Moves Forward / FoA Swings to a Profit / Home-Purchase Sentiment Increases Slightly May 7, 2025 Brandon Ivey Mortgage applications were up 11% on a weekly basis last week.Read More
A Mixed Bag for Mortgage CEO Comp May 5, 2025 Paul Muolo PennyMac Financial's CEO David Spector saw his compensation rise 45.9%.Read More
Lower Revenues, but Steady Profit at Freddie May 1, 2025 Dennis Hollier FHFA Director Bill Pulte didn't participate in Freddie's first-quarter earnings call, as he did for Fannie's on Wednesday, but his presence was felt.Read More
Fannie Earnings Stable in First Quarter April 30, 2025 Dennis Hollier FHFA's new director made an appearance at Fannie Mae's first-quarter earnings call.Read More
A $13 Million Pay Day for UWM CEO Ishbia April 28, 2025 Paul Muolo Just $1.03 million of Ishbia’s pay was in the form of stock awards.Read More
Amerant Bank Retreats on Mortgage Lending April 24, 2025 Brandon Ivey The bank will shift from lending in 30 states to focusing on customers in its branch network in Florida.Read More
Short Takes: Sales of New Homes Increase / No Questions for Mr. Cooper / Loss on Sale to A&D / Hsieh’s Monthly Expense Reimbursement April 24, 2025 Brandon Ivey Sales of new homes increased on both monthly and annual bases in March.Read More
Waterstone Settles Poaching Lawsuit With Mutual of Omaha April 23, 2025 Brandon Ivey The settlement contributed to a pre-tax loss of $2.2 million for Waterstone’s mortgage unit in the first quarter of 2025.Read More
A $21 Million-Plus Comp Package for Rithm’s CEO April 21, 2025 Paul Muolo Rithm would like to spin off Newrez but, in general, the market hasn’t been treating mortgage equities very well these days.Read More
Short Takes: First American Fires CEO / Home Price Expectations Come Down / Fannie to Issue CRT Deal April 15, 2025 Brandon Ivey Ken DeGiorgio, the now-former CEO of First American Financial, is facing a federal assault charge for an altercation that occurred on a cruise ship in late March.Read More