Athas Capital Group Wants To Bow Out Of Lending Like Gentlemen And Immediately Wind Down Their Operations Athas Capital Group say they have decided to bow out of the lending industry like gentlemen. The direct lender announced last week that it plans to close. As a result, the closing will affect more than 200 employees. […]
Mr. Cooper Mortgage Axes 800 Employees Due To Plummeting Origination Production Mr. Cooper Mortgage has dropped the ax on approximately 800 employees. This is roughly a week after hinting that job cuts were coming. The company had previously reported they were dealing with lower than expected origination production. The company said in a statement: In […]
SPS Acquisition Of Rushmore Loan Management Services May Hit A Brick Wall Because Of Problems At SPS Parent Credit Suisse Select Portfolio Servicing aka SPS has agreed to purchase Rushmore Loan Management Services LLC to acquire certain Rushmore assets. However, the deal may be hitting a snag due to major financial problems at SPS parent […]
Pending Home Sales Are Down 31% From Last Year. Economists Go Into Panic Mode As Sales Are Worse Than They Predicted The National Association of Realtors says pending home sales continued to plummet in September. Market indicators show a 10.2% month-over-month decline that resulted in an index reading of 79.5. This is the fourth consecutive […]
American Advisors Group Does Another Round Of Layoffs For The Third Consecutive Time This Year Multiple sources are reporting that American Advisors Group has cut its workforce for a third consecutive time this year. The full extent of the latest layoff round was unclear. Some sources claim that cuts were made in retail origination and […]
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