On
Monday,
a

U.S.
appeals
court
restored
a
temporary
block
on
the
mass
layoffs,
allowing
employees
to
keep
their
jobs
for
the
time
being.

HousingWire

exclusively
reported
that
the
cuts
would
reduce
some
mortgage-focused
divisions
to
a
handful
of
staffers
or
less.
According
to
attorneys
and
mortgage
compliance
experts,
this
would
push

regulatory
burdens
onto
the
states.

Industry
veteran
McArdle
has
20
years
of
experience
working
in
nonprofits
and
government.
He
was
the
assistant
director
of
mortgage
markets
at
the
CFPB
from
2017
to
2025.
In
this
position,
he
was
responsible
for
modernizing

Home
Mortgage
Disclosure
Act
reporting,
updating
the
ability-to-repay
and
qualified
mortgage
rules,
and
leading
efforts
during
the

COVID-19
pandemic. 
At
Newrez,
he
was
hired
for
a
newly
created
role
as
senior
vice
president
of
regulatory
relations,
public
policy
and
stakeholder
engagement.
He
will
partner
with
stakeholders
to
lead
initiatives
to
shape
mortgage
policy.

“His
appointment
reflects
our
commitment
to
‘caring
fiercely’
for
our
homeowners
and
responsible
participation
in
the
markets,”

Baron
Silverstein,
president
of
Newrez,
said
in
a
statement.

“Mark’s
track
record
of
delivering
thoughtful,
effective
policy
solutions
and
fostering
deep
stakeholder
relationships
makes
him
an
ideal
leader
to
drive
Newrez’s
policy
engagement
efforts
in
our
next
chapter
of
growth.”

According
to
Inside
Mortgage
Finance,
Newrez
was
the
fourth-largest
U.S.
mortgage
lender
in
the
first
quarter
of
2025
with
$12
billion
in
production.
That
was
up
about
12%
from
the
same
period
last
year.

The
lender
continued
to
rely
heavily
on
the
correspondent
channel
and
saw
its
gain-on-sale
margin
improve
to
1.37%
in
the

first
quarter
of
2025.