A cyber "incident" cost loanDepot at least $15 million in charges for the first quarter of 2024.

Total revenues fell to $74.6 million in the first quarter of 2024 from $275.7 million in 4Q23.

Another CEO who received a large comp hike last year even though his company posted a huge loss was Vishal Garg of Better Mortgage...

It’s unclear at this point whether lenders will need to trim additional staff...

Some of Stronghill's non-QM production workers are already interviewing elsewhere...

To date, Homebridge has mostly sold HELOCs originated by its broker network to investors, servicing-released.

Peter Norden, CEO of Homebridge Financial, is transforming his once top-40-ranked GSE lender into a HELOC originator and securitizer. Margins in conventional lending, he said, are non-existent.

What’s a mortgage CEO worth in a dicey origination market? According to an early read of proxy filings, some chief executives received nice pay packages last year, while others saw reductions.

Per loan origination losses hit a 15-year high last year. But is the worst of it over? It depends on the shop.

In 2023, UWM awarded Ishbia $12.16 million in compensation, including $1.26 million to cover “security services and equipment."