Left to right: Kevin Ryan, Shiva Iyer National lender and servicer Pennymac announced the appointment of veteran mortgage leader Kevin Ryan as senior managing director, chief strategy officer. Ryan will soon join the company upon his exit from the role of president and chief financial officer at Better following a brief transitional period at his […]
Pennymac, Loandepot, Chase make leadership moves Read More »
The Mortgage Bankers Association’s Chief Operating Officer will retire at the end of the year, the company announced Wednesday. Marcia Davies joined the MBA in 2011 as senior vice president of conference and meetings and chief of staff under former President and CEO David Stevens. She was promoted to chief operating officer in 2014. “Her
MBA announces retirement of COO by year’s end Read More »
Rocket Cos. has closed its acquisition of Mr. Cooper, just six months after the transaction was first announced, with a near $5 billion increase in valuation. The transition has already begun; Mr. Cooper and all servicing functions are being rebranded under the Rocket umbrella. Right now, the company is being branded as Mr. Cooper powered
Mr. Cooper costs Rocket $5B more than first announced Read More »
Farmer Mac Farmer Mac CEO Bradford Nordholm will retire in 18 months, the company announced Thursday. Nordholm took over as CEO in 2018, almost a year after Farmer Mac fired former CEO Timothy Buzby for violating company policies not related to its financial and business performance. With Nordholm at the helm, Farmer Mac, a secondary
Farmer Mac CEO Bradford Nordholm to retire in 2027 Read More »
Long-time mortgage industry executive Jerry Halbrook has been named president and chief operating officer of insuretech Covered Insurance. Halbrook’s hiring is the latest sign of the convergence between the lending process and insurance, the company said. Jerry Halbrook is president and COO of Covered Insurance Property insurance costs have increased in recent years, and in
Former Black Knight exec Halbrook joins Covered Insurance Read More »
Freddie Mac announced the appointment of a new general counsel, whose hiring comes amid ongoing speculation about the future of the government-sponsored enterprises. The GSE this week named Matthew D. Abrusci executive vice president, general counsel and corporate secretary. With a career across banking, capital markets and securities law, Abrusci joins Freddie Mac after recently
Freddie Mac appoints financial attorney as general counsel Read More »
Long-time industry executive Brian Vieaux will be the newest president of the Mortgage Industry Standards Maintenance Organization starting on Oct. 1. Vieaux is currently president and chief operating officer of Finlocker, where he has been with the company since July 2019. Previous roles in the lending side of the business include stints at Flagstar Bank,
Brian Vieaux to become new president at MISMO Read More »
Left to right: Mac Cregger, Jay Lapre, Scott Alexander National home lender Assurance Financial elevated Scott Alexander to chief operations officer. After joining Assurance’s over a decade ago, Alexander helped establish the company’s operations division and expand its offerings as he rose through the ranks, most recently serving as chief risk officer. With the promotion,
Remax, Cenlar, Lower, First American grow leadership teams Read More »
Rocket Cos. President Bill Emerson will retire at the end of the year, the company announced. The longtime executive and CEO of Rocket Mortgage from 2002 to 2017 will retire but remain on the Board of Directors, according to a Securities and Exchange Commission filing this week. Emerson helped lead the lender and servicer through
Rocket Cos. president, ex-mortgage chief Emerson to retire Read More »
Antonio White built his career in high-level Washington-related posts he held at the Federal Housing Finance Agency, Treasury, Bank of America and the Bill and Melinda Gates Foundation. But he got there through the work and connections he built growing up around Route 480 in Cleveland. That’s why White is starting a business called 480
Former FHFA official seeks to empower local leaders Read More »