AmeriSave Wholesale Mortgage Solutions

AmeriSave Wholesale Mortgage Solutions Shuts Down

AmeriSave Wholesale Mortgage Solutions Abruptly Shuts Down. Company Says Team Members Will Stay To Close Out Existing Loans  Amerisave Wholesale Mortgage Solutions (AWMS) announced yesterday on Facebook that it is closing it doors. The company made the announcement in a mortgage loan officer Facebook group. The announcement simply said the company is “closing it doors […]

Homepoint Has Laid Off

Homepoint Has Laid Off 100+ Employees

Homepoint Has Laid Off 100+ Employees. Company Expects To Save $100 Million Per Year With Layoffs Homepoint has laid off more than 100 employees this week. The company has been taking it to the gut with its price war with UWM. The company confirmed the layoffs on Wednesday and Thursday. They say the layoffs are […]

suburban mortgage

Suburban Mortgage Is Pulling The Plug On Mortgage Lending

Suburban Mortgage Is Pulling The Plug On Mortgage Lending But Company Claims They Are Not Shutting Down Arizona-based mortgage lender Suburban Mortgage’s website is down. The company also disabled employee emails. You would think this is a sign the company has shut it’s doors and fired it’s employees.  However, a spokesperson sent a comment to […]

investment scam ringleader

Investment Scam Ringleader Pleads Guilty

Investment Scam Ringleader Pleads Guilty. Feds Recorded Him Paying Cash Kickbacks At A Boca Raton Starbucks Investment scam ringleader Paul Geraci pleaded guilty last week for his role in a large investment scheme. Geraci and several others defrauded investors out of approximately $21 million. They falsely claiming that investors’ money would go towards the development […]

Rocket Mortgage Extends

Rocket Mortgage Extends Voluntary Buyout Offers

Rocket Mortgage Extends Voluntary Buyouts To Small Number Of Team Members Rocket Mortgage extends it’s the second wave of “voluntary career transition” offers to employees. The company is expecting a drastic reduction in origination volume in the third quarter.  The company says the buyout offer is a “completely optional plan.” The extended buyout off is […]

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