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Wall Street's old guard swoops in to fix a fresh banking mess

Wall Street's old guard swoops in to fix a fresh banking mess
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Former Ellie Mae CEO joins board of directors at Polly

The San Francisco mortgage trading platform also added two other tech leaders to its governance team after raising $37 million early this year. ....

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Fannie Mae COO Kimberly Johnson to resign in April

The senior executive exodus at Fannie Mae continues: the latest departure is Kimberly Johnson, executive vice president and chief operating officer of the government sponsored enterprise. ....

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Former Fannie Mae exec Bon Salle joins Polly's board

Also named the chairman of Home Point, the one-time single-family EVP’s latest appointment is his third in the past two years. ....

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Mr. Cooper, Sagent Ink Deal To Create Cloud-Based Servicing Platform

Mr. Cooper Group Inc. and Sagent M&C, LLC, have reached an agreement to create what they say will be the mortgage industry’s first “cloud-native, homeowner-first” mortgage-servicing platform. Under terms of the deal, Sagent will buy certain intellectual property rights related to Mr. Cooper’s proprietary, cloud-based technology platform for mortgage servicing, and Mr. Cooper will receive an equity stake in Sagent. Mr. Cooper also will become a multi-year customer of Sagent. ....

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