Rocket Mortgage Is Offering 12 and 24 Weeks Of Pay In A Third Round Of Voluntary Buyout Offers Rocket Mortgage is offering another round of buyouts to its employees. The buyout follows two rounds from last year. Those buy outs resulted in a workforce reduction of about 30% last year. Rocket is offering between 12 […]
US Bank Imposes More Layoffs Claiming It Is Reducing Resources In Areas That Continue To Be Slow US Bank imposes more layoffs and has told media sources that the layoffs in its mortgage division will happen this week. The announcement follows a decline in its mortgage originations in the first quarter of 2023. US Bank […]
Negative Equity Alert As US Homeowners Lose $108.4 BILLION In Equity This Year Alone. 200,000 Homeowners At Risk Of Going ‘Underwater’ MFI-Miami has issued a Negative Equity Alert! Why? Homeowners are sitting on a negative equity timebomb. US home values have dropped a whopping $108.4 billion in 2023 alone. The average borrower saw their home […]
MBA Says Mortgage Applications Fell By 4.4% Last Week After Weeks Of Several Weeks Of Increases. The Mortgage Bankers Association says that mortgage applications fell last week to their lowest level in a month. This is after several weeks of increases from various sectors. The MBA’s Weekly Mortgage Applications Survey for the week ended June […]
Here We Go Again! Latino Wells Fargo Employees Accuse Bank Of Anti-Latino Bias In A Predatory Lending Scheme A group of current and former Latino Wells Fargo employees has filed a federal lawsuit against Wells Fargo. The employees from the company’s bilingual mortgage sales team are alleging race-based discrimination. The suit alleges: “Wells Fargo forces […]
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