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Brian Browne brings 25 years of experience in information security.

CEO says iBuying business will lose up to $26 million this year.

Expects to complete closing of its forward retail mortgage division by the end of 2022.

Completed foreclosures increased by 18% while foreclosure starts stayed flat.

MBA says Refinance Index is down 87%, Purchase Index is down 41% from last year.

Reports Q3 net loss of $137.5 million, down nearly 39% in part due to cutting nearly 5,000 employees.

Calif.-based company has now cut 941 jobs in 2022.

Fannie YOY earnings down nearly 50%; Freddie's fall 55% as housing market shrinks.