Banks Loan Officer Principal 
Housing Wire
NOVEMBER 9, 2022
The steady drumbeat of dour news in the mortgage industry punctuated by headlines announcing layoffs and closures among the ranks of independent mortgage banks continues to play out, with several lenders over the last two weeks adding to the torrent of pink slips. Charting the loan officer exit.
Housing Wire
NOVEMBER 16, 2022
trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. loan officers] in pods.’”.
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Housing Wire
OCTOBER 30, 2024
If you are not a depository or a bank, you typically don’t have a balance sheet, so you have to sell that loan in the scratch-and-dent market, which was costing last year 15 to 20 points — and even now it’s still costing anywhere between 5 to 8.5 The new model also provides economic benefits to lenders, according to Mittal. “If
Housing Wire
MARCH 19, 2024
It also included reduced compensation for loan officers, sources told HousingWire in February. It also included reduced compensation for loan officers, sources told HousingWire in February. Prior to joining Rithm, he held executive positions at Bank of America Merrill Lynch , J.P. In 2023, Rithm announced a $532.7
Housing Wire
MAY 23, 2022
Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices. Pennymac reported a pretax income of $234.5
Housing Wire
FEBRUARY 9, 2024
Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. In Green Bay, Wisconsin, Jim Cullen of University Bank reports a similar trend. including the states of California, Washington, Florida, Wisconsin and South Carolina.
Housing Wire
JUNE 2, 2022
NCRC testers made inquiries about mortgage financing with a loan officer at Movement Mortgage, Dave Skow, on two occasions, four months apart, during 2021. NCRC has sought to gum up bank merger approvals with accusations of redlining , extracting more than $100 billion in community benefits agreements with banks.
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