Rocket Mortgage Extends

Rocket Mortgage Extends Voluntary Buyout Offers

Rocket Mortgage Extends Voluntary Buyouts To Small Number Of Team Members Rocket Mortgage extends it’s the second wave of “voluntary career transition” offers to employees. The company is expecting a drastic reduction in origination volume in the third quarter.  The company says the buyout offer is a “completely optional plan.” The extended buyout off is […]

Secret Compass Layoffs

Secret Compass Layoffs Are Coming By October

Former Compass Insider Says That More Secret Compass Layoffs Are Coming Before The End Of The 3rd Quarter A few days ago, Zoe Rosenberg of Business Insider sat down with a former insider at Compass. The former employee told her that more secret Compass layoffs are coming before the end of the third quarter.  Compass […]

fannie mae predicts

Fannie Mae Predicts Dark Days Ahead For The Housing Market

Fannie Mae Predicts Dark Days Ahead For The Housing Market  Fannie Mae predicts things will get worse for the housing market and mortgage industry before it gets better. A group of economists at Fannie Mae slashed their forecast for 2022 home sales this week. Fannie Mae’s Economic and Strategic Research Group expects total home sales to […]

Homebuyers are

Homebuyers Are Canceling Purchase Deals At Record Pace

Homebuyers Are Canceling Deals At A Record Pace Due To Housing Affordability Issues Home buyers are canceling sales at record pace. Prospective homebuyers are grappling with affordability issues. However, a Redfin report states the shifting market conditions are allowing buyers to increase their bargaining power. Roughly 63,000 deal under contract fell through in July nationwide. […]

American Advisors Group Does

American Advisors Group Does Another Round Of Mass Layoffs

Reverse Mortgage Lender American Advisors Group Also Known As AAG Does Another Round Of Mass Layoffs Last Week Industry-leading reverse mortgage lender American Advisors Group aka AAG instituted a round of layoffs this week. This is the second round of mass layoffs since June. Unfortunately, AAG representatives for the company declined to comment. Current and […]

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