Add the name of JPMorgan Chase to the list of residential lenders that is hiring these days. On Tuesday the bank-owned mortgage company is holding a job fair in Tyson's Corner, Virginia. Chase is looking to hire loan processors, closers, team managers, and a supervisor. Earlier this year the company said it was planning to add several LOs to its ranks. It appears that several mortgage bankers experiencing strong refi application volume are staffing up. Of course, the refi boom won't last forever. Will the purchase money business revive soon? Stay tuned…
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The lender disclosed a big investment, plus hefty, albeit declining, origination volume but revealed a major hedge-related net loss it blamed on the failed bid.
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The lender specifies a broad range for penalties but filings by the third-party originator's attorneys cite testimony where the specific formula is unclear.
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Incomes have been rising faster than what buyers need to earn to afford one of these homes, but the annual gain began shrinking in January, Redfin found.
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An industry sentiment index hit a new low, with 45% of investors saying the current business environment has worsened compared to a year ago.
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About 7% of Zillow's workforce was let go, one of the steepest cuts in company history, trailing a 25% slice following the closing of Zillow Offers in 2021.
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The move is aimed at bringing additional mortgage servicing rights and investment expertise to the technology company and its capital markets division.
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