Short Takes: Ishbia Bashes Rocket / UWM Goes High and Low / Foreclosures Decline / ‘Clueless’ on Housing August 10, 2023 Brandon Ivey Rocket has “kind of fallen off the deep end,” according to Mat Ishbia, chairman and CEO of United Wholesale Mortgage.Read More
Rocket Appoints Intuit Leader as CEO July 31, 2023 Brandon Ivey Varun Krishna will also be CEO of Rocket Mortgage.Read More
Short Takes: New Home Purchases Up 26.1% / Former First Republic Private Client Banking Teams Join Flagstar / Home Prices Up 2.1% / First Horizon Launches a Podcast July 21, 2023 James Dohnert The MBA reports that new home purchases up 26.1%; Six First Republic private client banking teams join Flagstar; Redfin finds home prices are up 2.1% year-over-year; First Horizon announces new client-focused podcast.Read More
Despite Home Lending Gains, Layoffs at U.S. Bank July 19, 2023 Paul Muolo Second quarter mortgage banking revenue at USB came in at $161 million compared to $128 million in 1Q23.Read More
The Passing of Countrywide Co-Founder Angelo Mozilo July 17, 2023 Paul Muolo Up until the subprime crisis, Mozilo was one of the most admired and well-respected residential lending executives in the nation. Read More
Movement Mortgage Sales Chief Departs July 12, 2023 Paul Muolo Pennington worked for Movement for 15-plus years...Read More
Short Takes: Figure Partners With More Lenders / Quick Approval and a Credit / Limited Inventory / New Hire at Cenlar July 12, 2023 Brandon Ivey Several top lenders have outsourced originations of home equity lines of credit to Figure.Read More
Finally, Mortgage Bankers Add Jobs July 10, 2023 Paul Muolo Since early 2022, lenders of all stripes have been laying off workers to right-size their operations for leaner times.Read More
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
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