United Wholesale Mortgage Bucks Industry Trend By Posting 55% Increase In Net Income In Second Quarter United Wholesale Mortgage Holdings on Tuesday posted a net income of $215.4 million in the second quarter. This is a 55% increase from 2021. The suburban Detroit lender also posted profits on $29.9 billion in loan origination volume for […]
Pandemic Backlog Will Create A Serious Foreclosure Spike In The Coming Months Expect a foreclosure spike in the coming months. Lenders have a backlog of distressed mortgages dating back to the height of the pandemic. Consequently, they are now about to start foreclosing. However, they are not expect to be as high as the foreclosure […]
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 […]
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