article thumbnail

CFPB fair lending head to depart for Fannie Mae

Housing Wire

Patrice Ficklin, who has served at the Consumer Financial Protection Bureau (CFPB) since the agency’s founding in 2011, will depart for Fannie Mae to serve as the government-sponsored enterprise’s fair lending officer. CFPB Director Rohit Chopra praised Ficklin’s fair lending work in a statement published by American Banker.

Lending 435
article thumbnail

Michael Saleh leaves Rocket to launch brokerage firm Zoom Home Lending

Housing Wire

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. “Rocket went public and the times have changed. Department of Veterans Affairs ( VA) and U.S.

Lending 459
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lone Peak Lending joins Panorama Mortgage Group

Housing Wire

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Donovan Stamps, a 27-year mortgage veteran with stints at Stearns Lending , SoFi Mortgage , First Guaranty Mortgage Corp. The post Lone Peak Lending joins Panorama Mortgage Group appeared first on HousingWire.

Lending 448
article thumbnail

USAA Federal Savings Bank cuts 130 positions in real estate lending 

Housing Wire

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. In August, the bank issued pink slips to an undisclosed number of employees in human resources, client advising, information technology, according to the outlet.

article thumbnail

Panorama Mortgage Group launches 1% down payment loan program

Housing Wire

PMG offers platforms for human resources, finance, technology , legal and compliance services to its group of lenders. In 2022 , it added Lone Peak Lending. The borrower is under no obligation to repay the 2% grant. As a minority-led independent mortgage bank, it is licensed in 43 states.

article thumbnail

First Savings Bank to cut 100-plus mortgage jobs across multiple states

Housing Wire

“First Savings Bank has planned a layoff in which a significant portion of impacted employees are considered remote or virtual employees in multiple states,” Julie Bleich, senior vice president and human resources director, wrote to the Department of Labor and Economic Opportunity in Michigan on Sept.

article thumbnail

Texana Bank to trim workforce in California

Housing Wire

Lauren Witherspoon, director of human resources, wrote: “Circumstances will force Texana Bank to conduct layoffs,” taking place Sept. Employees on the technology, marketing and human resources teams are on the list. 5, according to the document reviewed by HousingWire.