Ocwen Financial Owned Liberty Reverse Mortgage Has Record Losses In 2nd Quarter. Executives at Liberty Reverse Mortgage owner Ocwen Financial are worried. Why? Ocwen says the reverse mortgage unit recorded a pre-tax loss of $26 million in Q2 2022. This is in comparison to a profit of $6 million one year prior. Liberty Reverse Mortgage […]
Rocket Companies Says Profits For Rocket Mortgage Plunged In Second Quarter. CEO Threatens Layoffs If Things Don’t Improve Rocket Companies, the Rocket Mortgage say the mortgage company’s profits plunged in the second quarter. They claim this is due to rising interest rates and inflation. Therefore, this is dampening consumer confidence and concerns over a possible […]
Rudy Giuliani Bounced A $10,000 Check To His Ex-Wife. She Suing Him For $262,000. She Threatens Him With Jail If He Doesn’t Pay Up! The ex-wife of Rudy Giuliani claims he wrote her a bogus check for $10,000 check. She claims he owes her money for the bounced check in a lawsuit alleging he owes […]
Sources Say New American Funding Eliminated Loan Officers, Processors And Underwriters In Another Lay Off Sweep Former employees say New American Funding has laid off hundreds of employees on Tuesday. New American Funding eliminated several hundred positions. The company laid off loan officers and underwriters. In addition the company also laid off processors and training […]
Former Obama Adviser Seth Andrew Sentenced To 366 Days In Prison For Stealing $218,000 From Charter School Network Federal prosecutors in Manhattan announced former Obama adviser Seth Andrew was sentenced to 366 days in prison. Federal Judge John P. Cronan imposed Andrew’s sentence yesterday. U.S. Attorney Damian Williams said: (The court sentenced) Seth Andrew for […]
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