Kondaur Capital Corp. of Irvine — an investor in non-performing mortgages — expects its work force to triple to 900 workers by year-end.In an interview with National Mortgage News, company chairman and CEO Jon Daurio described Kondaur's business of buying and selling troubled loans "as very good right now. We're definitely in a growth mode." Indeed, rumors abound that Kondaur is quite active in the market but Mr. Daurio declined to comment on specific deals except to say that his company currently holds about 2,500 loans on its books. (For the full story see the Monday edition of NMN.
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A pension fund can relitigate claims that Freddie Mac and its leaders misled investors over the government-sponsored enterprise's exposure to subprime loans.
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Hometap has asked federal judges in three states to compel arbitration, a move that would preclude class action lawsuits and the accompanying public scrutiny.
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All of UMortgage's roughly 275 employees will stay on, including its 246 loan officers and CEO Anthony Casa, who previously had public rifts with Mike Kortas.
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The deal with regulators for Redfin to restart its internet listing service is just one more way to help consumers on their home journey, Rocket said.
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Under NYSE rules, loanDepot has six months to bring its share price and average share price back above $1, for which it is considering a reverse stock split.
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The merger will conclude a 20-month saga that began in December 2024, when Two said United Wholesale Mortgage first approached it with an offer.
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