Operations
Prepayment speeds are the key driver behind servicing values
Texas-Based bank will focus on banking and mortgage servicing.
Acquired the bank earlier this month after it was seized by federal regulators.
Denver-based fintech adds firm that provides mortgage services to community banks and credit unions.
Appoints industry veteran Jodi White as branch manager.
Adding $84B servicing portfolio; Home Point operations to shut down after deal closes.
Will include an unspecified number for a 'reduction in force' in its lending and credit teams.
CEO says stock is undervalued, sees opportunity to 'further diversify our business model.'
Reductions come as top U.S. mortgage originator posted a loss in fourth quarter.
Retiring CEO, other top executives all received large raises in 2022.