Foreclosure Spike Expected In The Coming Months

Pandemic Backlog Will Create A Serious Foreclosure Spike In The Coming Months Expect a foreclosure spike in the coming months. Lenders have a backlog of distressed mortgages dating back to the height of the pandemic. Consequently, they are now about to start foreclosing. However, they are not expect to be as high as the foreclosure […]

Open Mortgage

Open Mortgage Does Another Round Of Lay Offs

Former Employees Express Shock On Social Media As Open Mortgage Performs Another Round Of Mass Lay Offs Another round of mass layoffs has struck employees at Open Mortgage. The Texas based lender did a previous round of layoffs in June. Open Mortgage Founder and CEO Scott Gordon confirmed that layoffs had taken place but didn’t […]

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 […]

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