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

Housing Wire

News of the plans come as political instability and a strong job market push mortgage rates closer to 8%. It has three national lending programs: single-tenant net lease commercial real estate, SBA lending and residential mortgage banking. The bank reported a net income of $2.3 million in the same period of 2022.

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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. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff. Employees on the technology, marketing and human resources teams are on the list.

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FoA cuts workforce amid company restructuring, market downturn

Housing Wire

The layoffs come amid a mortgage market downturn and a larger company restructuring, multiple current and former staffers told HousingWire. Mario Glover, a former business support analyst, was laid off during a video call with his manager and a rep from human resources on July 15, just three months after he started working at the lender.

Marketing 397
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NewRez looking to hire 750 positions in origination division

Housing Wire

The company is seeking to fill positions in all four of its business channels – direct to consumer, JV/retail, wholesale and correspondent lending. Current openings include sales roles in several markets, underwriters, and multiple operations positions. Positions range from entry level to supervisory and managerial roles.