Rocket, United Wholesale Mortgage add new members to c-suite
NEXA Lending also welcomed Andrew Deyo as leader of its Business Development Marketing program, and Flyhomes added three members to its leadership team.
Career moves
Lenders using VantageScore: Watch Freddie’s CRO shake-up
The chief risk officer's oversight extends to the modernization of loan pricing and scoring, which the GSEs' oversight agency has been accelerating.
FHA commissioner Frank Cassidy resigns from post
The announcement follows a leave of absence in which Ginnie Mae President Joe Gormley helped cover the Federal Housing Admission Commissioner's responsibilities.
LoanDepot adds wholesale production 3 years after exit
The company dropped the broker channel just months after Frank Martell became CEO; now that Anthony Hsieh is running things again, LoanDepot brought it back.
Freddie Mac appoints Kenny Smith as latest CEO
Michael Hutchins, the two-time interim chief executive at the government-sponsored enterprise, will remain with the company in his role as president.
Barry Habib added to Fannie Mae board
Habib's placement on the Fannie Mae board comes after he criticized Federal Reserve Chairman Jerome Powell in a Linkedin post.
Freddie Mac promotes from within for CFO role
James Whitlinger, Freddie Mac single family chief financial officer, has served as the company's interim CFO since Christian Lown's departure at the end of June.
Freddie Mac hiring former Ginnie Mae executive Sam Valverde
Valverde, who has a wide range of experience in capital markets and housing finance, will join the government-sponsored enterprise's single-family unit.
Ginnie Mae acting president steps down
Sam Valverde, acting president of Ginnie Mae, has resigned after about six months in the job.
Capital markets platform Maxex adds to its C-suite as it grows
The two companies will retain ties as Daniel Wallace moves to an operational leadership position at a time when non-agency mortgage opportunities are opening up.
Scotiabank adds JPMorgan exec in warehouse lending expansion
Thanh Roettele will help guide the Canadian bank's growth in the mortgage warehouse space in one of its latest moves aimed at the U.S. market.
Former Fannie chief Frater named to Bipartisan Policy Center board
Hugh Frater was one of four appointed to the Bipartisan Policy Center board, along with former Philadelphia Mayor Michael Nutter, a co-chair of its Housing Council.
Ginnie Mae President Alanna McCargo to retire
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
Western Alliance completes management shuffle with hire of credit chief
The appointment of Lynne Biggio Herndon as chief credit officer marks the final step in the Phoenix-based bank's leadership reorganization.
Truist lures new chief legal officer from Ally Financial
Scott Stengel, who has been Ally's general counsel since 2016, will succeed Ellen Fitzsimmons, who is retiring after four years as head of legal affairs at Truist.
Diane Morais to exit Ally amid transition to new CEO
Morais, who leads the auto lender's consumer and commercial banking divisions, is preparing to leave as Ally Financial conducts a search for its next chief executive officer. She had been seen as a potential candidate to replace outgoing CEO Jeffrey Brown.
Freddie Mac looking for new CEO at critical juncture
Michael DeVito has been able to grow the government-sponsored enterprise's net worth, but at the current pace and without a rule change, it could take 10 years to build enough capital to exit conservatorship.
The worst of the layoffs may be over for the mortgage industry
More than half of pandemic gains have been erased, but how the mix of stronger than expected overall employment and other developments will affect rates remains uncertain.
Ex-Truist Chief Financial Officer Daryl Bible to join M&T as CFO
Bible spent 14 years at BB&T and Truist before announcing his retirement earlier this year. He will replace Darren King, who will remain at M&T in a new role.
Huntington recruits Truist executive in effort to bolster key unit
Huntington Bancshares has hired Shawn Lough, a veteran Truist Financial banker and West Point graduate, to help guide the sales strategy and goals of its consumer and business banking operation. It also expanded the duties of Digital Director Mark Sheehan to include deposits.
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