Garg's Departure Was Somewhat Predictable, Says Consultant December 13, 2021 Paul Muolo The memo also reveals the board has hired an independent third-party firm to “do a leadership and cultural assessment” of the originator.Read More
Garg Out (for Now) as CEO of Better.com; Review Under Way December 10, 2021 Paul Muolo A public company, Aurora, meanwhile, filed no notice with the SEC on Garg’s departure.Read More
Resignations at Better.com as Founder Tries to Smooth Things Over December 8, 2021 Paul Muolo Regarding the apology, one human resources executive said Garg’s new email is “too little, too late. I think Garg now realizes he made a tragic mistake.”Read More
Better’s Competitors to the Rescue in Layoff Saga? December 7, 2021 Paul Muolo Better.com still hopes to go public via a special purpose acquisition company maneuver...Read More
NMLS Renewals for LOs Slowed by System Errors December 7, 2021 Sam Manas MBA says the system issues have caused significant delays and imposed costs on state-licensed companies.Read More
FHA, Ginnie Mae Still Waiting for Senate-Confirmed Leadership December 6, 2021 Monica Hogan Montgomery waited almost seven months for a vote to become FHA commissioner in the Trump administration, even though he had held the job previously...Read More
Mortgage Bankers Get Pink Slips, Brokerage Employment Almost Flat December 3, 2021 Paul Muolo The loan brokerage sector fared a bit better with layoffs of just 200 workers...Read More
Some Publicly Traded Lenders Move to Cut Costs December 3, 2021 Paul Muolo Personnel costs are something to keep an eye on in the waning months of the largest refi boom ever...Read More
GR’s $2 Billion-a-Year Loan Officer. How He Did It… December 3, 2021 Sam Manas One consultant estimated that Banosian must have a team of at least 200 people around him...Read More
Fannie Goes Inhouse and Names a New CFO December 2, 2021 Dennis Hollier Controller Chryssa Halley to run financial team at the mortgage giant.Read More
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