People

About 7% of Zillow's workforce was let go, one of the steepest cuts in company history, trailing a 25% slice following the closing of Zillow Offers in 2021.

The Senate confirmed Jay Clayton as the Trump administration's spy chief, replacing the housing official who had filled the position on an acting basis.

Administered by a union benefits group, HomeAhead will provide strike and lockout mortgage relief alongside financial literacy programs and lending discounts.

Bob Murphy was a key figure in vendor management as the co-founder of Lenders Service Inc., which is considered the first AMC, and later created ValuAmerica.

Movement Mortgage added to its operations leadership and Click n' Close named a new chief information officer.

Mike Kortas is looking to keep loan officers in the loop through the entire mortgage loan customer lifecycle and beyond, with the launch of evoLend.

The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.

Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.

William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.

The longtime Federal Reserve chair served under four presidents and presided over the deregulatory and pro-market push of the 1990s and early 2000s that set the stage for the 2008 mortgage crisis.