NEXA Mortgage

NEXA Mortgage Quits AIME. Mike Kortas Claims He’s Being Bullied

NEXA Mortgage CEO Claims AIME Allowed Renegade Gangs Of Smaller Mortgage Broker To Bully Him On The Internet The CEO of NEXA Mortgage has pulled his company out of the Association of Independent Mortgage Experts (AIME). CEO Mike Kortas claims the association has allowed renegade gangs of brokers to “terrorize” him on the internet. NEXA  […]

HomePoint Has Finally

Homepoint Has Finally Admitted It Has Shed 75% Of It’s Workforce

Homepoint Has Finally Admitted That It Shed Over 3,000 Employees.  Homepoint has finally admitted that it has shrunk its workforce. The company says it’s workforce of 4,000 workers in summer of 2021 down to 1,000. The wholesale lender laid off 913 employees according to WARN notices filed in Arizona, Florida, Michigan and Texas. Homepoint has […]

Realtor.com

Realtor.com Starts Employee Layoffs Ahead Of Market Downturn

News Corp. Begins Employee Layoffs At Realtor.com In Preparation For A Downturn In The Market  News Corp’s Realtor.com has become the latest real estate company to downsize.  A Realtor.com spokesperson declined to share specifics of the layoffs. They also refused to say how many employees and contractors were impacted. However, the company said they are […]

Rocket Mortgage Raises

Rocket Mortgage Raises 2023 Conforming Loan Limits

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

Newrez Launches 40-Year Mortgage Programs

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 […]

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