Michigan Judge Has Rules Rocket Mortgage Noncompete Agreements Are Unenforceable And Violate Michigan Law A Michigan judge ruled on Friday that Rocket Mortgage noncompete agreements are void and unenforceable. Thus, dealing a blow to the lender in its long-running legal battle with Swift Home Loans. Wayne County Judge Brian R. Sullivan issued the ruling. Judge […]
Rocket Mortgage Noncompete Agreements Are Unenforceable Read Post »
The CFPB And DOJ Has Sued A Developer For Targeting Hispanic Consumers With Predatory Loans And Misleading Ads DOJ has sued a Texas developer Colony Ridge. The Department of Justice and the CFPB have alleged Colony Ridge specifically targeted Hispanic consumers with predatory lending practices and misleading advertising. In addition, the DOJ and CFPB claim
DOJ Has Sued A Developer For Scamming Hispanic Consumers Read Post »
Citibank Defends Further Staffing Reductions At Citimortgage Citibank has cut staffing levels at Citimortgage for the third time in 9 months. Citi claims letting go of the 100 employees was to “streamline internal functions.” However, it probably has more to do with surging rates and a reorganization of its operations. Citibank claims it is working
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Homepoint Has Finally Admitted That It Shed Over 3,000 Employees. Homepoint has finally admitted that it has shrunk its workforce. The company says it’s workforce of 4,000 workers in summer of 2021 down to 1,000. The wholesale lender laid off 913 employees according to WARN notices filed in Arizona, Florida, Michigan and Texas. Homepoint has
Homepoint Has Finally Admitted It Has Shed 75% Of It’s Workforce Read Post »
Homepoint Has Laid Off 100+ Employees. Company Expects To Save $100 Million Per Year With Layoffs Homepoint has laid off more than 100 employees this week. The company has been taking it to the gut with its price war with UWM. The company confirmed the layoffs on Wednesday and Thursday. They say the layoffs are
Homepoint Has Laid Off 100+ Employees Read Post »
