American Homeowners Lost $1.3 Trillion Of Equity In Their Homes In The 3rd Quarter Of 2022 American Homeowners saw their home values peak in the second quarter of this year. Unfortunately, it was short lived. American homeowners lost nearly $1.3 Trillion in equity from July through September. The value contraction is a record according to […]
Athas Capital Group Wants To Bow Out Of Lending Like Gentlemen And Immediately Wind Down Their Operations Athas Capital Group say they have decided to bow out of the lending industry like gentlemen. The direct lender announced last week that it plans to close. As a result, the closing will affect more than 200 employees. […]
Mr. Cooper Mortgage Axes 800 Employees Due To Plummeting Origination Production Mr. Cooper Mortgage has dropped the ax on approximately 800 employees. This is roughly a week after hinting that job cuts were coming. The company had previously reported they were dealing with lower than expected origination production. The company said in a statement: In […]
Queens Leads New York In Mortgage Foreclosures As New York Feels The Pinch Of High Interest Rates And Plummeting Values A PropertyShark report has revealed Queens leads New York in foreclosures again. Foreclosures in the borough have increased 55% compared to the same time as the third 2019 figures. PropertyShark found that foreclosures are up […]
Rocket Mortgage Is Struggling To Remain Competitive And Relevant In A Changing Lending Landscape Without Dan Gilbert At The Helm Rocket Mortgage is struggling for the first time in it’s history. The company is struggling not only to remain competitive but relevant. This is due to two factors. The first is founder and owner Dan […]
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