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 […]
Credit Suisse Shares Plunge $4.09 Billion As The Bank Announces Huge Third-Quarter Losses And Major Strategic Overhaul Swiss Banker Credit Suisse saw their shares plunge 18% on Thursday. The Swiss bank posted a quarterly loss of $4.09 billion that was significantly worse than analyst estimates. As a result, bank leadership announced a massive strategic overhaul. Credit […]
Pennymac Financial Services Imposes A New Round Of Layoffs Includes Specialists And Vice President Job Positions Pennymac Financial Services imposed a new round of layoffs to its employees this week. This is ahead of its third-quarter earnings report on Thursday. The California based company had several rounds of layoffs this year. This includes 236 employees in […]
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