Feds Bitchslap Bank of America With $225 Million Fine. Feds Claim BofA Froze Prepaid Cards For People Seeking Jobless Benefits. The Feds bitchslap Bank of America with a $225 million fine by Federal regulators. The government accused the bank of shortcomings in how they handled jobless benefits during the COVID-19 pandemic. The OCC and CFPB […]
Fighting Rushmore Foreclosures Has Become Tougher. Do You Have A Winning Rushmore Loan Management Foreclosure Defense Team? Call 888.737.6344 The economy is uncertain. Inflation is out of control. Interest rates are rising. Rushmore Loan Management is stepping up foreclosures. Worst of all, foreclosures are getting tougher to fight. So, do you have the right Rushmore […]
The Fix-And-Flip Lender Eliminated 39 Positions To Ensure It Can Survive Through 2023 Fix-And-Flip lender Kiavi has laid off 7% of it’s employees. Kiavi specializes in fix-and-flip and investor loans. An email sent to employees on Wednesday morning said Kiavi wanted to, “reduce our cost structure and protect the financial health of the company.” Kiavi’s […]
Home Buyers Are Abandoning Purchase Deals In Record Numbers Thanks To Economic Uncertainty Americans home buyers are canceling deals to buy homes at record numbers. Redfin is reporting that 15% of all existing homes under contract were canceled. That is the highest share since early 2020. That beats 2021 when only 11% 0f purchase transactions […]
PennyMac Tries To Stop Mass Exodus Of Customers By Offering 90 Day Rate Locks PennyMac has launched a product that will freeze mortgage rates for as long as 90 days. The California based lender is hoping to attract attract and retain customers in a volatile economy. PennyMac has dubbed the program “Lock & Shop.” The […]
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