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Fitch downgrades two nonbank residential mortgage lenders.

Kristin Broadley has over two decades of experience, most recently at Rocket Central.

Joins loanDepot in reducing capacity by around $1billion.

Company plans to emphasize customer service during price war

Also mutually agrees to end negotiations with Guaranteed Rate over sale of retail mortgage divison.

The nation's second-largest retail nonbank lender has now cut $1.5 billion in capacity since mid-August.

2 top executives receive boosts to base salaries from lender that has eliminated nearly 4,000 positions this year.

Reduction is the second in two months following a similar move in August.

Website announcement declares plan to close the channel by Oct. 31.