Hsieh stepping back to be loanDepot’s executive chairman
Hsieh stepping back to be loanDepot’s executive chairman
LoanDepot founder Anthony Hsieh is no longer directing daily operations at the nonbank. Instead, he's become executive chairman and Frank Martell has stepped in as president and CEO.
The post Hsieh stepping back to be loanDepot’s executive chairman appeared first on HousingWire.
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LoanDepot founder Anthony Hsieh is no longer directing daily operations at the nonbank. Instead, he's become executive chairman and Frank Martell has stepped in as president and CEO.
The post Hsieh stepping back to be loanDepot’s executive chairman appeared first on HousingWire.
LoanDepot founder Anthony Hsieh is no longer directing daily operations at the nonbank. Instead, he's become executive chairman and Frank Martell has stepped in as president and CEO.
The post Hsieh stepping back to be loanDepot’s executive chairman appeared first on HousingWire.
Stuart Miller, Lennar executive chairman, joins 'Squawk on the Street' to discuss high mortgage rates and the impact on the housing market.
Stuart Miller, Lennar executive chairman, joins 'Squawk on the Street' to discuss high mortgage rates and the impact on the housing market.
loanDepot continues to make changes to its top management as it navigates a sharp workforce reduction in a shrinking mortgage market.
The post loanDepot makes more changes to C-Suite appeared first on HousingWire.
loanDepot continues to make changes to its top management as it navigates a sharp workforce reduction in a shrinking mortgage market.
The post loanDepot makes more changes to C-Suite appeared first on HousingWire.
John Cresswell, current non-executive director of Capita, has been appointed as non-executive chairman, effective from the start of November. Cresswell, who is also operating advisor at investment bank Lazard Asset Management, joins as the specialist engineering and civils contractor targets further growth on the back of strong recent trading. Last year revenue at the business rose 14% to £1.3bn, generating an operating profit of £22m while net cash reserves soared to £217m from £174m. He...
John Cresswell, current non-executive director of Capita, has been appointed as non-executive chairman, effective from the start of November. Cresswell, who is also operating advisor at investment bank Lazard Asset Management, joins as the specialist engineering and civils contractor targets further growth on the back of strong recent trading. Last year revenue at the business rose 14% to £1.3bn, generating an operating profit of £22m while net cash reserves soared to £217m from £174m. He...
LoanDepot will lay off 2,000 workers through the end of the year, part of a larger restructuring targeting profitability by the end of the year in response to the cooling mortgage market.The Foothill Ranch, California-based lender unveiled its Vision 2025 Plan Tuesday, in which it will spend between $34.5 million to $40.5 million in total pre-tax related charges to trim payroll, shed real estate, reduce spending and restructure operations. The changes will generate approximately $375 million to...
LoanDepot will lay off 2,000 workers through the end of the year, part of a larger restructuring targeting profitability by the end of the year in response to the cooling mortgage market.The Foothill Ranch, California-based lender unveiled its Vision 2025 Plan Tuesday, in which it will spend between $34.5 million to $40.5 million in total pre-tax related charges to trim payroll, shed real estate, reduce spending and restructure operations. The changes will generate approximately $375 million to...
Caterpillar Inc. announced that its Board of Directors has waived the policy requiring Caterpillar's Chairman and CEO, Jim Umpleby, to retire at age 65. Umpleby has agreed to remain in his position beyond February 2023, when he turns 65. "Waiving the mandatory retirement policy for Jim provides the Board greater flexibility with its CEO succession process," said Debra Reed-Klages, presiding director, speaking on behalf of Caterpillar's Board of Directors. "Jim has provided strong strategic and o...
Caterpillar Inc. announced that its Board of Directors has waived the policy requiring Caterpillar's Chairman and CEO, Jim Umpleby, to retire at age 65. Umpleby has agreed to remain in his position beyond February 2023, when he turns 65. "Waiving the mandatory retirement policy for Jim provides the Board greater flexibility with its CEO succession process," said Debra Reed-Klages, presiding director, speaking on behalf of Caterpillar's Board of Directors. "Jim has provided strong strategic and o...
In this article As Vacasa works to grow its share in the vacation rental market, the property management company is tapping longtime travel executive Rob Greyber to be its next CEO. Greyber, who led Expedia's Egencia division from 2009 to 2020, will succeed current Chief Executive Matt Roberts, effective Sept. 6. The leadership change comes two weeks after Vacasa reported better-than-expected quarterly earnings and raised its full-year guidance. The news sent the stock up 25% on the day. So far ...
In this article As Vacasa works to grow its share in the vacation rental market, the property management company is tapping longtime travel executive Rob Greyber to be its next CEO. Greyber, who led Expedia's Egencia division from 2009 to 2020, will succeed current Chief Executive Matt Roberts, effective Sept. 6. The leadership change comes two weeks after Vacasa reported better-than-expected quarterly earnings and raised its full-year guidance. The news sent the stock up 25% on the day. So far ...
This business of rental housing can really make me crazy sometimes! Often, it can be the seemingly “little” things that just set me off. When I get on one of my moods, just stand back everyone and let me be…but, I will and always do eventually calm down. An occasional glass of a great wine often does that for me. An E.V. Station in Every Pot Recently, our state lobbyist updated me on the seemingly simple, nonchalant proposal in Sacramento known as Senate Bill 1482. No, I am not ta...
This business of rental housing can really make me crazy sometimes! Often, it can be the seemingly “little” things that just set me off. When I get on one of my moods, just stand back everyone and let me be…but, I will and always do eventually calm down. An occasional glass of a great wine often does that for me. An E.V. Station in Every Pot Recently, our state lobbyist updated me on the seemingly simple, nonchalant proposal in Sacramento known as Senate Bill 1482. No, I am not ta...
In the first quarter of 2022, the average cost to originate a mortgage for an independent mortgage bank was more than $10,000 per loan.
The post Opinion: Trusting your data is key to taming origination costs appeared first on HousingWire.
In the first quarter of 2022, the average cost to originate a mortgage for an independent mortgage bank was more than $10,000 per loan.
The post Opinion: Trusting your data is key to taming origination costs appeared first on HousingWire.
Despite heavy financial losses, layoffs and reduced funding capacity, loanDepot is giving its top executives pay raises.
The post A struggling, shrinking loanDepot hands raises to executives appeared first on HousingWire.
Despite heavy financial losses, layoffs and reduced funding capacity, loanDepot is giving its top executives pay raises.
The post A struggling, shrinking loanDepot hands raises to executives appeared first on HousingWire.