NewRez Is Restructuring It’s Retail Division By Eliminating Legacy Senior Managers From Caliber Home Loans. NewRez is restructuring its distributed retail mortgage business. as a result, this has resulted in cuts to regional and divisional managers. The restructuring also includes reduced compensation for loan officers. The company fired any nonproducing regional and divisional managers last […]
Hong Kong And Chinese Bankers Face Massive Layoffs Due To Region’s Economic Uncertainty It appears predictions of China’s economic domination of the world have been greatly exaggerated. Hong Kong and Chinese Bankers are facing massive layoffs. It has already begun at Asia’s largest bank. HSBC’s Greater China commercial banking division has reportedly dismissed at least […]
UWM Sues Top Broker Atlantic Trust Mortgage For Violating Broker Ultimatum Agreement It Makes All Brokers Nearly three years have passed since United Wholesale Mortgage (UWM) issued an ultimatum to its broker partners. The ultimatum makes it clear that brokers must choose between UWM and competitors. Now, UWM has now taken more legal action to enforce […]
Wayne County Circuit Court JA Accused Of Embezzling $60,000 From Judge Deborah Thomas The Michigan Attorney General has charged a Wayne County Circuit Court Judicial Assistant of embezzlement. The Michigan AG’s office says Steven Allen embezzled more than $60,000 from Wayne County Judge Deborah Thomas. Prosecutors have charged Allen, 42, of Detroit with embezzlement and […]
US Marine Veteran Faked Using A Wheelchair For 20 Years. Prosecutors Say He Scammed The VA Out Of $660,000.00 A US Marine veteran in New Hampshire admitted he faked using a wheelchair for 20 years. But why? Apparently, it was so he collect more than $660,000 in VA benefits. VA officials in New England witnessed […]
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