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 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 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 […]
Former Compass Insider Says That More Secret Compass Layoffs Are Coming Before The End Of The 3rd Quarter A few days ago, Zoe Rosenberg of Business Insider sat down with a former insider at Compass. The former employee told her that more secret Compass layoffs are coming before the end of the third quarter. Compass […]
Fannie Mae Predicts Dark Days Ahead For The Housing Market Fannie Mae predicts things will get worse for the housing market and mortgage industry before it gets better. A group of economists at Fannie Mae slashed their forecast for 2022 home sales this week. Fannie Mae’s Economic and Strategic Research Group expects total home sales to […]
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