Amy Brandt has been named president of WMC Mortgage Corp., a wholesale, subprime lender based in Woodland Hills, Calif.Ms. Brandt has been WMC's head of production since the company's changeover to a technology-based wholesale lending platform in March 2000. During that time, volume has grown tenfold to more than $550 million per month, WMC said. The company can be found online at http://www.wmcdirect.com.
The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
