Less Compensation in the Altisource C-Suite April 5, 2022 Paul Muolo Altisource, however, managed to turn a profit for the year by selling its artificial intelligence affiliate...Read More
The Mortgage Job Loss Tally: Brokers Add Workers, Bankers Cut April 1, 2022 Paul Muolo A search of WARN Act filings in California revealed very few recent mortgage-related layoffs in the state.Read More
Finance of America Granted Waiver from Fannie March 31, 2022 Paul Muolo Two senior executives are leaving FoA: Patricia Cook and Bill Dallas...Read More
Waters Seeks New Federal Agency to Regulate Appraisals March 30, 2022 Sam Manas Among other things, the bill would establish a federal database of appraisers and appraisal valuations, while strengthening penalties for discrimination...Read More
A Sign of the Times: Executive Pay Adjusted Downward at Guild March 29, 2022 Paul Muolo In 2021, the San Diego-based lender/servicer earned $283.8 million, off 23.5% from the year prior.Read More
16-Year Fannie Mae Veteran Gives Notice March 29, 2022 Dennis Hollier Kimberly Johnson joins long list of GSE execs headed to the (real) private sector.Read More
As Secondary Market Volume Drags, Maxex Trims Staff March 25, 2022 Paul Muolo CEO Tom Pearce noted the cutbacks were a difficult choice...Read More
A Trying Time for Originators as Rates Continue to Rise March 24, 2022 Paul Muolo The California-based American Pacific Mortgage is looking for origination platforms east of the Mississippi, but not necessarily near the coasts...Read More
Production Profitability Takes It On the Chin March 22, 2022 Paul Muolo MBA: "With revenue tightening and volume slowing, it is becoming increasingly important for companies to adjust costs"...Read More
Bill Dallas Departs Finance of America as Management Reorg Commences March 18, 2022 Paul Muolo FoA went public via a special purpose acquisition company maneuver in April 2021...Read More
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