Homepoint

Homepoint Takes $44M Hit In Q2 Amid Price War With UWM

Increasing Profit Margins Is The Goal Says Homepoint Management. Company Says They Are Not Afraid To Downsize Permanently Homepoint took a $44 Million loss in the second quarter of 2022. The company had already reduced costs and sold the mortgage servicing rights for loans in their servicing portfolio. The company reported that surging interest rates […]

loandepot is closing

LoanDepot Is Closing It’s Wholesale Channel After $232M Loss

LoanDepot Is Closing It’s Wholesale Channel After Losing $232 Million In The Second Quarter California-based LoanDepot is closing its wholesale division amid plummeting origination volumes. The company is also seeing a widening of it’s financial losses in the second quarter. The decision to close the channel also reflects fierce competition in the broker space. It’s a […]

Shellpoint Mortgage Foreclosure Defense

Shellpoint Mortgage Foreclosure Defense: Call 888.737.6344

Fighting Shellpoint Mortgage Foreclosures Has Become Tougher. Do You Have A Winning Shellpoint Mortgage Foreclosure Defense Team? Call 888.737.6344 The economy is uncertain. Inflation is out of control. Interest rates are rising. Shellpoint Mortgage is stepping up foreclosures. Worst of all, foreclosures are getting tougher to fight. So, do you have the right Shellpoint Mortgage Foreclosure […]

united wholesale mortgage

United Wholesale Mortgage Posts 55% increase In Income In Q2

United Wholesale Mortgage Bucks Industry Trend By Posting 55% Increase In Net Income In Second Quarter United Wholesale Mortgage Holdings on Tuesday posted a net income of $215.4 million in the second quarter. This is a 55% increase from 2021.  The suburban Detroit lender also posted profits on $29.9 billion in loan origination volume for […]

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 […]

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