Wells Fargo

Wells Fargo Pulls The Plug On Mortgage Lending

Wells Fargo Pulls The Plug On Mortgage Lending. The Bank Blames The Economy For The Move There is no other way to put it, Wells Fargo plans to severely shrink its vast mortgage empire. Employees say Wells Fargo even plans to exit the mortgage entirely. The bank once churned out one of every three home […]

impac mortgage

Impac Mortgage Holdings Posts Disturbing 2nd Quarter Results

Impac Mortgage Reports $13.5 Million Loss In Second Quarter. Company Blames Lack Of Housing Inventory Another mortgage lender is reporting taking a hit in their profit margins. Add Impac Mortgage Holdings to the list of mortgage lenders that posted a loss in the second quarter of 2022,  As a result, Impac have opted to break with the […]

Homepoint

Homepoint Takes $44M Hit In Q2 Amid Price War With UWM

Increasing Profit Margins Is The Goal Says Homepoint Management. Company Says They Are Not Afraid To Downsize Permanently Homepoint took a $44 Million loss in the second quarter of 2022. The company had already reduced costs and sold the mortgage servicing rights for loans in their servicing portfolio. The company reported that surging interest rates […]

loandepot is closing

LoanDepot Is Closing It’s Wholesale Channel After $232M Loss

LoanDepot Is Closing It’s Wholesale Channel After Losing $232 Million In The Second Quarter California-based LoanDepot is closing its wholesale division amid plummeting origination volumes. The company is also seeing a widening of it’s financial losses in the second quarter. The decision to close the channel also reflects fierce competition in the broker space. It’s a […]

Shellpoint Mortgage Foreclosure Defense

Shellpoint Mortgage Foreclosure Defense: Call 888.737.6344

Fighting Shellpoint Mortgage Foreclosures Has Become Tougher. Do You Have A Winning Shellpoint Mortgage Foreclosure Defense Team? Call 888.737.6344 The economy is uncertain. Inflation is out of control. Interest rates are rising. Shellpoint Mortgage is stepping up foreclosures. Worst of all, foreclosures are getting tougher to fight. So, do you have the right Shellpoint Mortgage Foreclosure […]

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