Huge Raises for GSE CEOs
Compensation for the chief executive officers of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. could increase by more than 500 percent under a new compensation plan.
Former Bank CEO, CFO Arrested
The former chief executive officer and chief financial officer of an Oregon bank have been indicted over alleged accounting fraud.
Former Fannie CEO's Firm Makes Mortgage Acquisition
A mortgage banking firm run by the former chief executive officer of Fannie Mae has announced plans to make a mortgage acquisition.
Guild CEO Recognized as Entrepreneur of the Year
Big Decision in Repurchase Lawsuit
The president and chief executive officer of a thriving mortgage banker has been locally recognized as the entrepreneur of the year in the financial services industry.
A federal judge has handed down a decision in a case that could have big implications on other repurchase lawsuits.
Discover Home Loans To Close Down
The home lending unit of Discover Financial Services has failed in its attempt to become the next Quicken Loans Inc. and will shut down.
MSR Sales Help Ocwen Liquidity, But Outlook Weak
Ocwen Financial Corp.'s recent and upcoming sales of mortgage servicing rights will help cut its debt. But its ongoing business model doesn't look promising.
Host of Executive Roles Filled at Mortgage Firms
A number of executives have been recruited or promoted by a variety of mortgage firms. Among the roles filled are economist, chief compliance officer and chief operations officer.
MSRs Hurt Mortgage Servicing Income
Deterioration in income derived from mortgage servicing rights kept home loan servicers in the red during the first three months of this year.