News that Opendoor CEO Carrie Wheeler is leaving the company boosted the company’s stock price to its third-highest level since the run-up began at the start of July. The announcement was made before trading started on Friday morning. When the markets did open, Opendoor began the day at $3.415 per share and in early trading […]
Opendoor CEO Carrie Wheeler exits the meme stock darling Read More »
Since taking on responsibility for all Selene Holdings’ business lines earlier this year, Chief Strategy and Growth Officer Doug Whittemore has been focused on product development and scale by drawing on his 25 years of bank and nondepository experience. Whittemore — who previously led teams at U.S. Bank, JPMorgan Chase, Mr. Cooper and Citibank —
Selene Holdings’ Doug Whittemore on scale, cost, niche loans Read More »
John Bell III, executive director of the Department of Veterans Affairs’ Loan Guaranty Service, is leaving his role. The longtime mortgage professional and U.S. Navy veteran had been the executive at LGY since 2022, and spent 15 years at the VA, according to his biography. In a Linkedin post late Sunday night, he announced his
Veterans Affairs mortgage executive John Bell III departs Read More »
Loandepot has elevated two executives as it makes changes to its sales and originations divisions, part of an ongoing effort to return to profitability in the wake of disappointing second quarter results this week. Tom Fiddler is stepping up to take on the newly-created position of president of retail lending. Fiddler, who previously oversaw loan
Loandepot shuffles leadership in search for profit Read More »
Left to right: Gregory Buehler, Chris Simms Underwriting mortgage platform Friday Harbor ramped up its growth with two new leadership hires: Chris Simms and Gregory Buehler. The current president of the Mortgage Bankers Association of St. Louis, Simms joins the Seattle-based fintech as head of strategic partnerships, responsible for developing customer relationships and cooperation with
Loandepot, Onity, Cenlar announce leadership moves Read More »
Loandepot has rehired two mortgage professionals who were previously involved in the development of its mello platform, signaling the Irvine, California-based company’s intent to bolster its technology offerings. The public company has named industry veterans Dominick Marchetti as chief digital officer and Sean Dejulia as chief innovation officer. Marchetti, who worked at the lender from
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Mortgage industry prognosticator Barry Habib was both surprised and honored that the Federal Housing Finance Agency approached him for a role on the Fannie Mae board. “I wasn’t expecting it, I didn’t solicit it, and it is an extreme honor,” Habib said in an interview with National Mortgage News. He was named to the Fannie
Barry Habib on his appointment to the Fannie Mae board Read More »
Barry Habib, long-time mortgage industry trainer and pundit who is the founder and CEO of MBS Highway, has been named to the Fannie Mae board. Prior to starting MBS Highway, Habib put out the Mortgage Market Guide. He was also an executive at several lenders, including Residential Finance, RPM Mortgage and Certified Mortgage. Outside of
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Ryan Alexander was on a cruise with his family when he received news he already felt in his bones was coming: the Department of Government Efficiency cut the project he was working on via his consultancy firm. He was officially out of a job. Though the news was jarring, Alexander’s family rallied around him—and encouraged
How a DOGE-cut employee became a full-time mortgage broker Read More »
Union Home Mortgage announced Tuesday the expansion of its footprint in the Midwest. A team of 16 employees, led by two former UMortgage managers, will join UHM’s existing team in Cincinnati, Ohio, according to a news release. Ravi Patel and Justin Allen, who spent more than two years at mortgage brokerage UMortgage, will both serve
Union Home nabs branch led by ex-UMortgage team Read More »