Mortgage Industry Faces More Mass Job Layoffs. First Guaranty and Zillow Among Those Slashing Positions. The mortgage industry faces another round of layoffs. First Guaranty Mortgage has become the latest industry player forced to lay off loan officers amid market shifts. The company revealed it will cut 428 employees at its Plano, Texas location. The […]
Fighting Foreclosures Has Become Tougher In A Post Covid-19 World. Do You Have A Winning Wells Fargo Foreclosure Defense Team? Call 888.737.6344 The economy is uncertain. Inflation is out of control. Interest rates are rising. Wells Fargo foreclosures are on the increase. Worst of all, foreclosures are getting tougher to fight. So, do you have […]
Wells Fargo Mortgage Sales Expected To Plummet By 50% For The Second Quarter of 2022 Wells Fargo CFO Mike Santomassimo warned investors that Wells Fargo mortgage sales are expected to drop 50%, Santomassimo blamed higher interest rates that have destroyed the refinance market. Wells Fargo refinance originations are currently down about 82% this point last […]
JPMorgan Chase Fired Hundreds Of Mortgage Employees As Interest Rates Skyrocket And Demand Drops JPMorgan Chase fired hundreds employees from its mortgage lending business this week. The company says rising interest rates and a looming recession have lowered demand. JPMorgan Chase did not confirm how many employees were let go or moved to different divisions. […]
Canadian Commercial Lender Romspen Sued For Securing A $21 Million Loan To Properties Allegedly Obtained Fraudulently By Caroline Weiss Chicago attorney Adeena Weiss-Ortiz is suing Canadian commercial lender Romspen in Miami. The lawsuit which you can read below alleges Romspen (then known as TIG Romspen) loaned alleged Miami fraudster and Weiss-Ortiz’s mother, Caroline Weiss $21.3 […]
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