Rocket Mortgage Raises 2023 Conforming Loan Limits For Brokers In Gambit To Prop Up Origination Numbers The wholesale arm of Rocket Mortgage raises 2023 loan limits for brokers. Rocket Mortgage raised loan limits to $715,000 effective on Tuesday. This is a sign that they are confident the maximum loan limit set by the federal government will rise […]
Newrez Launches 40-Year Mortgage Program To Try To Halt It’s Free Falling Origination Numbers Lenders are getting creative when it comes to stop their declining origination numbers and Newrez is no different. Several lenders have begun offering 40-year mortgages in an effort to stop their declining origination numbers. Now, Newrez is joining them in offering […]
Federal Judge Sentences Former Vanguard Funding Owner To 24 Months In Federal Prison For $8.9 Million Mortgage Fraud Scheme A federal judge last week sentenced former Vanguard Funding owner Edward E. Bohm to 24 months in federal prison. Bohm is the former President of Sales and part-owner of mortgage lender Vanguard Funding, LLC. The government […]
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 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 […]
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