Zillow Home Loans Launches 1% Down Mortgages In An Attempt To Compete With Rocket And UWM Zillow Home Loans announces it is launching a 1% Down Payment program. The new Zillow program would allow eligible first-time home buyers to pay as little as 1% down on their next home purchase. Right now, Zillow is only […]
New Residential Investment Corporation Hands Out Hundreds More Top To Bottom Pink Slips In Every Department. New Residential Investment Corporation is continuing to lay off originations staffers this week. The lender has made launched rounds of massive layoffs since February. New Residential employees say the company targeted their processing, underwriting, and closing departments in last […]
Mortgage Industry Faces More Mass Job Layoffs. First Guaranty and Zillow Among Those Slashing Positions. The mortgage industry faces another round of layoffs. First Guaranty Mortgage has become the latest industry player forced to lay off loan officers amid market shifts. The company revealed it will cut 428 employees at its Plano, Texas location. The […]
Man Fought His Foreclosure For More Than Two Decades Without Paying A Penny Is An American Hero! A Long Island man fought his foreclosure for over two decades. Unfortunately, he lost the battle. The property owner has evicted him from the property. Guramrit Hanspal became known as America’s Most Famous Squatter by the lending industry. […]
Zillow Shares Plummet After Missing Earnings Estimates. Company to Close Home Buying Business And Lay Off 25% Of Workforce Zillow shares plummeted on Tuesday after the company missed it’s third quarter earning estimates. The company also said it’s shuttering “Offers”. Offers is the Zillow subsidiary that buys and flips homes. Offers was set up to […]
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