The chief of the nation’s largest mortgage lender has announced his retirement. Michael J. Heid (pictured right), executive vice president and head of Wells Fargo Home Lending, is leaving his post after 11 years as the head of the Mortgage Division and nearly 28 years with the San Francisco-based financial institution.
Heid, 58, will be succeeded by Franklin Codel (pictured left), 50, currently executive vice president and head of Mortgage Production, effective Oct. 1. Heid, who will stay with Wells Fargo through the end of the year, did not offer a reason on why he decided to retire.A look back at the legislation that transformed the American dream, and what history can teach today's mortgage professionals
As Americans head into the Independence Day weekend and celebrate the nation's 250th anniversary, a new analysis is offering a timely reminder that one of the country's defining traditions — the dream of homeownership — has rarely advanced through market forces alone.The tim...
Originators get a locked exit in a private-credit market hungry for funding certainty
Figure Technology Solutions, a blockchain-native fintech, has pulled off something the private-label mortgage market rarely sees: getting bond investors to fund a $300 million securitization before the loans inside it were originated. In a prefunded deal, investors agree on ...
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