loanDepot Budget Cuts Aren’t Stopping Hemorrhaging Losses As Company Sees 38% Loss In Revenue For 4th Quarter loanDepot budget cuts and significant expense reductions don’t seem to be working. The lender keeps lost money even after exiting the wholesale channel and cutting thousands of jobs. loanDepot reported heavy losses for both the fourth quarter of […]
Impac Mortgage Holdings Is Going Broker. Company Says Desperate Times Require Drastic Changes Starting With Winding Down It’s TPO Channel Impac Mortgage Holdings is going broker. The company announced major changes Wednesday. It said it was converting to a mortgage broker model. In addition, Impac announcing plans to “wind down” its third-party origination channel. It […]
United Wholesale Mortgage has reduced its staff by 2,600 since 2021. This 30% Of It’s Staff Since January 2021, United Wholesale Mortgage has let go of 2,600 employees. The company has gone from 8,600 employees to 6,000. This contradicts CEO Mat Ishbia that UWM hasn’t laid anyone off. Ishbia even stated it again in a […]
The Tricks To Getting Successful New York Loan Modifications Done That Most Foreclosure Defense Lawyers Don’t Know! First off, let’s get one thing straight. Mortgage loan modifications are probably your best option if you are in foreclosure. Why? It’s extremely unlikely that you’re not going to score a debt-free house in your foreclosure. Even if […]
Lawsuit Alleges eXp Realty Turned A Blind Eye To It’s Agents Who Drugged And Sexually Assaulted Recruits A very disturbing and controversial lawsuit has been filed against eXp Realty and eXp World Holdings. The lawsuit alleges that eXp Realty “turned a blind eye” on former agents sexually assaulting women at the company events. Plaintiffs filed […]
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