The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

Inside Look: RealTrends 2021 Brokerage Compensation Study

Steve Murray, senior advisor to RealTrends, gives an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

How lenders can prepare for increasing regulatory pressures

As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines.


WATCH: Movement Mortgage CEO explains recent staff layoffs

"It's a tough market. And we want to play offense"

When a CEO becomes known for spreading the message of love to his coworkers and clients, it can be hard then to turn around and announce a round of layoffs.

But that’s just what Casey Crawford did to his staff this morning, in a very impassioned way.

Movement Mortgage's leader addressed the company's staff at its headquarters Friday morning, telling them why the company's recent layoffs were necessary. The company recently uploaded the clip of Crawford’s speech to staff this morning. The video was originally taken to share internally, but after a meeting with HousingWire today, Movement graciously decided to let the message go public.

Crawford's message to his employees: A tight mortgage market made these cuts necessary, in order for the company to thrive in the future. 

“I’m hurting, I feel sad. I feel like I let some folks down yesterday,” Crawford tells his people. “I don’t like a marketplace constrained.”

Crawford, a former NFL player, uses a football metaphor to describe what's next for the company. "It's a tough market. And we want to play offense," Crawford says, adding that the company is already using the cost savings from the layoffs in its mortgage pricing.

Here's his speech in full, but it gets really interesting at the 5:31 mark.

Most Popular Articles

Treasury removes restrictions on investment properties

The Treasury Department and FHFA announced Tuesday that they are suspending certain requirements that were added in January to the Preferred Stock Purchase Agreements (PSPAs) between Treasury and Fannie Mae and Freddie Mac.

Sep 14, 2021 By

Latest Articles

Natural disasters and forbearance: What borrowers and mortgage servicers need to know

The United States is grappling with a sharp rise in natural disasters, including wildfires, an active hurricane season, floods, tornadoes and mudslides. The mortgage industry needs to be proactive in examining programs to help borrowers recover.

Sep 17, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please