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Rocket names fintech executive Varun Krishna CEO

Rocket names fintech executive Varun Krishna CEO
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

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Bank volume improvement doesn't translate to healthier margins

Bank volume improvement doesn't translate to healthier margins
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

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Rocket Mortgage's departing CEO had a salary boost in 2022

Jay Farner's compensation package was $9.46 million last year, almost five times larger than his yearly income in 2021.

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PennyMac Financial Services profits on mortgage servicing

The latest estimates for its market share in third-party origination channels as others have exited is 17% for correspondent and 2.2% in wholesale.

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Mr. Cooper adding $57 billion in servicing to portfolio

The company also has plans to bring on board $37 billion in subservicing contracts in line with its acquisition of Rushmore Loan Management Services.

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