Career moves

Michael Drayne, an industry consultant who previously served as a senior vice president of strategic planning and policy at Ginnie Mae, will join HPC in July.

Test your knowledge of the biggest mortgage headlines, from the FDIC chair nomination to mortgage servicing statistics. No. 2 pencil not required!

Michael Saleh, former senior vice president at Rocket, opened up Zoom Home Lending in early June.

Lown will be joining CoStar on July 1, three days after he leaves the same job at Freddie Mac.

As the mortgage industry continues to navigate the market, we must increase the due diligence of all candidates, writes

Test your knowledge of the biggest mortgage headlines, from a new CEO to FDIC settlements. No. 2 pencil not required!

Lown's resignation creates a second vacancy in the government-sponsored enterprises c-suite, as it is also looking for a new CEO.

The new Optimal Blue CEO worked for the past year-plus at Medallia, and will bring that broader experience to the mortgage industry as it adopts generative AI.

The position had been occupied by Scott Smith on an interim basis following Black Knight's sale of the company to Constellation Software.

Besides allegations of trade secret theft, HMAC is accusing rival OCMBC and Michael Turturro of stealing the branding around its Jet Mortgage division.

The mortgage veteran will oversee all operational aspects at Kind, a post published by the multichannel lender said.

The total compensation of the highest paid CEO among the largest nonbank mortgage lenders in the country was $30.3 million in 2023, up by nearly 300% versus 2022.

The digital lender also agreed with a former executive to drop her lawsuit accusing the company of misleading investors.

Also, Hometap boosts capital markets unit with Wells Fargo alum, while Planet Home, A&D Mortgage, National MI and Mobility Market Intelligence all find new chief financial officers.

A good compensation package is a key recruitment and retention tool, but the agreements have to be sustainable to be successful.

McCargo will succeed Teresa Bryce Bazemore at what the former sees as a "transitional, pivotal moment" for the Federal Home Loan bank.

Former Angel Oak Lending Chief Marketing Officer Steven Winokur has come back into the non-qualified mortgage business by taking a marketing role at Carrington Mortgage Services.

In total, 84 producers from mortgage lenders including Summit Funding and Movement Mortgage have transitioned to Fairway Independent Mortgage.

Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.

Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.