article thumbnail

HousingWire Annual: loanDepot’s Frank Martell talks Vision 2025 ‘wiggle room,’ profitability

Housing Wire

To get there, Martell said loanDepot is still committed to its Vision 2025 plan, announced three months following his arrival to the company last year. So, the Vision 2025 was built to have a little bit of wiggle room to adjust it. Martel spoke during the HW Annual Conference held from Oct. 4-7 in Austin, Texas. ”

Investing 432
article thumbnail

FHA institutes new payment supplement partial claim

Housing Wire

Department of Housing and Urban Development (HUD) on Wednesday issued a mortgagee letter that implements the Federal Housing Administration ’s (FHA) payment supplement partial claim. Gordon also announced that the FHA is extending the current temporary waterfall into 2025. million COVID-19 loss-mitigation actions.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Pennymac issued pink slips to more than 80 staff at year end 

Housing Wire

A total of 84 staff were affected at five offices in Pasadena, Roseville, Agoura Hills, Westlake Village and Moorpark, California, according to a Worker Adjustment and Retraining Notifications (WARN) alert submitted to the California’s Employment Development Department (EDD) in late December. “To 15 and reviewed by HousingWire.

article thumbnail

What’s ahead economically for Q4 2023 and into 2024 and 2025?

Inman

Trainer and coach Bernice Ross talks to CEO and developer Patrick Stone about what's next for the economy, both in the short and long terms.

article thumbnail

Starwood Capital Group appoints Blackstone exec as new president

Housing Wire

Starting in January 2025, Pollack will serve as the company’s new president. Dishner will then assume the role of vice chairman and head of strategy and business development, the company explained. Blackstone ’s Jonathan Pollack is joining private investment firm Starwood Capital Group , the company announced on Monday.

article thumbnail

Change Lending and US Treasury settle lawsuit over CDFI certification

Housing Wire

Department of the Treasury have agreed to settle a lawsuit in which the lender claims “flawed analysis and mathematical errors” led to its decertification as a Community Development Financial Institution (CDFI).

Lending 420
article thumbnail

Alec Hanson named top marketer at loanDepot

Housing Wire

In this role, Hanson will lead a consolidated marketing team and oversee the development of the brand, digital marketing, and the organic and digital lead generation campaigns, the company said. Hanson will also be responsible for the company’s originator-led field-level marketing capabilities. “I’m

Marketing 370