The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Politics & Money

Freddie Mac names Mauricio chief compliance officer

Mauricio will oversee Freddie Mac’s compliance risk management program

Freddie Mac announced today that Jerry Mauricio, who has served as the entity’s chief compliance officer since January 2021, will transition to the permanent role.

He will be a member of the company’s senior operating committee and report directly to Freddie Mac’s CEO, Michael DeVito. Mauricio will oversee the regulated entity’s compliance risk management program for its regulatory and conservatorship obligations.

“[Mauricio’s] proven compliance and management expertise in both global and domestic financial services companies makes him an outstanding choice to be Freddie Mac’s chief compliance officer,” said Michael DeVito, CEO of Freddie Mac. “I look forward to working closely with [Mauricio] as we ensure Freddie Mac’s safety, soundness and risk management are second to none.”

Mauricio has been at the firm in a number of roles since 2019. He was previously the CCO and senior vice president at Capital One Investing and Capital One Advisors. Before that, he was a compliance officer at financial institutions including BNP Paribas, Barclays and now-defunct Lehman Brothers.

Mauricio’s transition to a permanent role comes at a critical time for the government sponsored entities.


How the mortgage industry can overcome hiring challenges

HW+ Managing Editor Brena Nath recently spoke with Agility 360 COO Raj Sharma about the current talent recruitment and retention challenges in the mortgage industry.

Presented by: Agility 360

In recent months, there have been numerous high-level departures from Fannie Mae and, to a lesser degree, Freddie Mac. Ex-employees say restrictive compensation levels under conservatorship have led some to seek better-paying gigs in the private sector.

A spokesperson for Freddie Mac did not immediately respond to an inquiry about how many roles have yet to be filled. A survey of LinkedIn listings shows 130 open positions at Freddie, 32 of which were posted in the last 24 hours.

Freeing the regulated entities from conservatorship was a key priority of the Federal Housing Finance Agency’s former director, Trump-appointee Mark Calabria.

But hope for ending the arrangement — a lucrative one for the federal government — diminished when President Donald Trump failed to secure reelection. Days after last year’s presidential election, Freddie Mac’s previous CEO, David Brickman, announced he would step down. Brickman went on to head up a commercial mortgage venture, NewPoint Real Estate Capital. It took Freddie Mac six months to name a new CEO, Wells Fargo alum DeVito.

But any remaining hope that the federal government would release the GSEs was quashed last month, when a Supreme Court decision gave the President the power to fire the FHFA director at-will. Within hours, Biden removed Calabria and appointed Sandra Thompson, a longtime regulator.

Leave a comment

Latest Articles

New home sales rise for second consecutive month

Regionally, on a year-to-date basis, new home sales fell 1.0% in the Northeast and 2.3% in the West, but rose 4.4% in the Midwest and 4.5% in the South.

Sep 24, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please