Rithm Capital restructures CEO’s pay into incentive-friendly deal

New York-based Rithm Capital has changed the compensation package of its top executive, Michael Nierenberg, by reducing his annual base salary, bonus and time-based equity award. But the company also increased the performance-based share of the total equity award. As a result, Nierenberg’s target an
Read MorePolly and CoreLogic partner on API integration

Mortgage capital markets tech firm Polly announced its application programming interface (API) integration with CoreLogic, which will enable lenders to streamline the digital mortgage process. Polly’s product and pricing engine (PPE) was built with an API-adjacent product strategy, which can create
Read MoreFifth Third Bank signs on with ICE’s mortgage technology ecosystem

Fifth Third Bank, an Ohio-based regional bank, moved its origination and servicing operations to Intercontinental Exchange (ICE) Mortgage Technology’s end-to-end mortgage technology ecosystem, the companies announced on Tuesday. The bank will rely on ICE’s loan origination and servicing platforms, E
Read MoreLawmakers challenge FHFA’s title insurance waiver plan

Republican members of the U.S. House of Representatives have voiced their concerns to the Federal Housing Finance Agency (FHFA) about a pilot program that will eliminate title insurance requirements for some refinance loans purchased by Fannie Mae and Freddie Mac. In a letter dated March 15, members
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