Redfin Announced Wednesday It Is Laying Off 862 Employees. This Is 13% Of Its Staff. They Also Stated They Are Getting Out Of The iBuying Business. Redfin CEO Glenn Kelman wrote in an email to employees that the company is “laying off 862 brilliant, loyal people.” He also added that the company was closing RedfinNow. […]
Shrinking loanDepot Takes A $137.5M Hit In 3rd Quarter Due To Originations Declining To $9.8 Billion In Third Quarter A sever shrinking loanDepot posted it’s third-quarter earnings. The numbers show the company’s struggles are far from over. loanDepot reported its second consecutive quarterly loss in large part to plummeting mortgage production. The company says it expects production […]
American Foreclosure Activity Increases 57% In October 2022 And Completed Foreclosures Increased By 18% ATTOM’s Foreclosure Market Report released Wednesday says American foreclosure activity increased by 57% from a year ago. There were a total of 32,376 properties either with foreclosure filings, default notices, scheduled auctions or bank repossessions in October. Nationwide, one in every […]
Finance Of America Posted It’s 4th Straight Quarterly Loss. Is The Slowly Imploding Finance of America Going The Way Of The Dinosaurs? Finance of America posted its fourth consecutive quarterly loss on Wednesday. The company had already announced it was working toward closing its forward mortgage origination business. Finance of America posted a net loss […]
Broker Solutions Incorporated Doing Business as New American Funding Lays Off 240 Employees California-based New American Funding (NAF) said Tuesday it has reduced its workforce by about 240 positions this week. It had previously laid off employees in August. Broker Solutions Incorporated doing business as New American Funding is a family-owned company. Broker Solutions started […]
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