Another Reduction-in-Force at Sprout Mortgage? April 22, 2022 Paul Muolo The brainchild of industry veteran Michael Strauss, Sprout is a top-10 ranked originator of non-QMs.Read More
The Compensation Package for a CEO Whose Company Lost $1.3B in 4Q: $19.1 Million April 21, 2022 Paul Muolo FoA lost $1.34 billion in the fourth quarter after booking a large goodwill impairment...Read More
A 44% Raise for Ocwen CEO Messina April 20, 2022 Paul Muolo In 2021, Ocwen earned $18.1 million on revenue of $1.05 billion...Read More
Court Dismisses Selected Claims in Angel Oak LO Lawsuit April 20, 2022 Brandon Ivey Overall, Angel Oak made nine claims against the LOs and LendSure...Read More
Yet More Layoffs at Better.com, Nation’s 17th Largest Lender April 19, 2022 Paul Muolo The New York-based Better.com had hoped to become a public company at yearend 2021 via a SPAC maneuver...Read More
Mortgage Vendor Blend Institutes Layoffs April 19, 2022 Paul Muolo Blend: "The focus of the plan is on streamlining the company’s title operations as well as its general and administrative functions."Read More
Home Lenders Face Licensing Uncertainty as Pandemic Flexibilities Expire April 18, 2022 Brandon Ivey One MBA official said currently only 15 states allow for remote work permanently...Read More
Coming Soon: A Wave of Mortgage Retirements in the C-Suite? April 13, 2022 Paul Muolo If a true retirement wave develops, the question becomes: Who’s going to replace all the retirees?Read More
Lenders Urged to Keep an Eye on LO Usage of Social Media April 8, 2022 Monica Hogan Monitoring compliance is crucial for originators to avoid violating consumer protection rules...Read More
Senate Maneuver Clears the Way for Final Vote on Gordon for FHA Commish April 6, 2022 Monica Hogan Gordon was president of the National Community Stabilization Trust and a member of the Biden-Harris transition team.Read More
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