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Long-time company veteran Joe Tyrrell is leaving and will be replaced on March 1 by Timothy Bowler, the president of ICE Benchmark Administration.
February 14
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The change comes as the battle with rival United Wholesale Mortgage reaches a fever pitch and analysts speculate that more changes at the top could be coming.
February 13
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Approximately 2,350 full-time employees and contractors — some of whom did mortgage-related work — were let go, according to the credit reporting agency.
February 10
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The bank was already mulling headcount and compensation reductions in early September.
February 9
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The bank's delay in investigating the case forced the plaintiff to resign from the bank in July 2021, according to the complaint. Wells said that it takes allegations of misconduct "very seriously."
February 8
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The reduction of 350-400 roles comes weeks before the Ann Arbor, Michigan-based lender is set to report its fourth quarter earnings.
February 7
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Virginia and Montana both introduced new bills in the past month, potentially joining several other states in enacting policies that would increase business opportunities for lenders.
February 7
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The California-based wholesale lender also known as RMK Financial Corp. had hired close to a dozen account executives in December but stopped doing business on January 31.
February 3
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When adjusted for filings from companies in the past year, nonbank employment in the industry was even lower than initial estimates suggested.
February 3
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The layoffs were a result of the bank's decision to exit the channel, a spokeswoman confirmed.
February 2
