Oh the indignity of it all: On Tuesday afternoon insurance giant MetLife -- the folks who market their business using Snoopy, Linus and Charlie Brown -- told 4,300 mortgage workers to take a hike. Then, the very next morning it publishes a statement saying another unit of the company bought a luxury rental apartment building in Chicago's North River neighborhood. In other words: rentals are a safe bet, mortgage banking, not so much. (Maybe MetLife Home Loans' laid off workers can move into a rental once they lose their homes. It has 29 stories and 249 units.) As for MetLife's warehouse lending division, we're told 'mum's the word' but see the National Mortgage News website later today for an update on that (very fluid) situation…
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The investment is expected to bring a 40% increase to Chase Home Lending's mortgage capacity, with the addition of 850 new advisors, the company said.
3h ago -
A federal lawsuit against the now defunct mortgage company has been dropped but John DiIorio wants to also demonstrate officials acted in bad faith.
August 2 -
The lawsuit accuses the lender of violating 17 sections of the California labor code, including failure to pay all minimum, regular and overtime wages.
July 31 -
Consumers have filed at least 30 such complaints against industry players this year for allegedly violating the Telephone Consumer Protection Act.
July 31 -
In line with broader trends, the GSEs have been putting new limitations on forbearance and putting more of an emphasis on mods.
July 31 -
AnnieMac Home Mortgage will pay 171,074 customers impacted in a 2024 hack, making it the fourth lender in recent weeks to end a class action suit over a breach.
July 31






