Liberty Reverse Mortgage

Liberty Reverse Mortgage Has Record Losses in Q2 Says Ocwen

Ocwen Financial Owned Liberty Reverse Mortgage Has Record Losses In 2nd Quarter.  Executives at Liberty Reverse Mortgage owner Ocwen Financial are worried. Why? Ocwen says the reverse mortgage unit recorded a pre-tax loss of $26 million in Q2 2022. This is in comparison to a profit of $6 million one year prior.  Liberty Reverse Mortgage […]

Rocket Mortgage

Rocket Mortgage Sees Profits Plunge In Second Quarter

Rocket Companies Says Profits For Rocket Mortgage Plunged In Second Quarter. CEO Threatens Layoffs If Things Don’t Improve Rocket Companies, the Rocket Mortgage say the mortgage company’s profits plunged in the second quarter. They claim this is due to rising interest rates and inflation. Therefore, this is  dampening consumer confidence and concerns over a possible […]

Rudy Giuliani Bounced

Rudy Giuliani Allegedly Bounces $10,000 Check To Ex-Wife

Rudy Giuliani Bounced A $10,000 Check To His Ex-Wife. She Suing Him For $262,000. She Threatens Him With Jail If He Doesn’t Pay Up! The ex-wife of Rudy Giuliani claims he wrote her a bogus check for $10,000 check. She claims he owes her money for the bounced check in a lawsuit alleging he owes […]

New American Funding

New American Funding Eliminates Hundreds Of Jobs

Sources Say New American Funding Eliminated Loan Officers, Processors And Underwriters In Another Lay Off Sweep Former employees say New American Funding has laid off hundreds of employees on Tuesday. New American Funding eliminated several hundred positions. The company laid off loan officers and underwriters. In addition the company also laid off processors and training […]

PennyMac Financial Services

PennyMac Financial Services Cuts Another 32 Jobs In California

PennyMac Financial Services Has Cut Nearly 500 Jobs Since March Mortgage lender Pennymac Financial Services has laid off an additional 32 employees in July. PennyMac has laid off a  total of 475 employees since March 1st.  This is the California-based company’s third round of layoffs this year, as Pennymac had a workforce reduction of 236 employees […]

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