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Unable to sell its forward mortgage origination unit, FoA decides to close it.

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.