Career moves

The embattled Long Island-based bank announced the hiring of nine new senior executives. Most of them have ties to CEO Joseph Otting, who previously held the top job at the OCC and OneWest Bank.

Hugh Frater was one of four appointed to the Bipartisan Policy Center board, along with former Philadelphia Mayor Michael Nutter, a co-chair of its Housing Council.

While cost cutting days are not over, mortgage lenders are emphasizing recruitment and retention, a Fannie Mae survey found.

A federal judge agrees with plaintiffs that the Federal Trade Commission lacks authority to set rules on unfair competition.

Also, U.S. Mortgage Insurers appoints familiar face as chairman, while Incenter, Carrington, NFM Lending and Xactus find new C-suite executives.

Heather Lovier, a veteran at the company with over two decades of experience, will be in charge of overseeing the entire homeownership experience within the organization.

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.