C.D. Davies has been named chief executive officer of LendingTree LLC, Charlotte, N.C., and Bob Harris has been named president and chief operating officer of the company.Mr. Davies was most recently president and CEO of Wachovia Mortgage Corp., where he was employed for 18 years, according to LendingTree's parent company, IAC. Mr. Harris joined LendingTree in 2000 as vice president of marketing and was named chief marketing officer in 2004. He previously held various positions at The Coca-Cola Co. and McCormick & Co. LendingTree, an online lending exchange, is an operating company of IAC, which describes itself as "an interactive conglomerate." The two companies can be found online at http://www.lendingtree.com and http://www.iac.com.
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Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
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Two online ads promise Fannie Mae and Freddie Mac are working to boost purchase applications but it's unclear whether they signal interest in a stock offering.
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Weak refi demand is pushing lenders to lean on servicing income, as tighter execution spreads and higher MSR values shift the industry's sell/retain calculus
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Chad Smith departs the lender in a transition phase, after helping Better to generate 2.5 times growth in total revenue and funded loan volume since 2024.
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The Federal Housing Finance Agency has barred 51 people from working with Fannie Mae and Freddie Mac this year, the most suspensions in any calendar year.
September 8








