Mortgage Lenders Are Clawing Back Signing Bonuses From Loan Officers The mortgage industry is seeing a wave of lawsuits in 2026 as mortgage lenders move aggressively to recoup large signing bonuses from loan officers (LOs) who leave before their contracts fully “vest.” What used to be a quiet internal HR matter has become public litigation,
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Commercial Real Estate Foreclosures Soar By 48% Nationwide! California Sees A 238% Surge! Commercial real estate foreclosures are surging across the U.S. Commercial foreclosures climbed 48% since the third quarter of last year. California’s numbers are especially striking. The state has seen a massive increase of 238% increase. This trend is likely influenced by rising
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Billionaire Real Estate Investor Says US Commercial Mortgage Market On The Brink Of Collapse Because Of COVID-19 Billionaire Tom Barrack says the US commercial mortgage market is on the brink of collapse because of the coronavirus crisis. The CEO of Colony Capital said the economic ‘domino effect’ could dwarf the Great Depression. Barrack also said
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Black Business Owners Sue Michigan Bank For Purging Their Accounts Black business owners in West Michigan are suing Mercantile Bank. The Black business owners allege that the bank called their loans regardless if they were delinquent or not. Black business owners claim Mercantile Bank wanted to stop doing business with Black people. Merchantile executed a campaign
