Real estate players were under fire last month for unsolicited calls, including Keller Williams which agreed to pay a $40 million settlement over alleged violations.

The company's mortgage operations posted a $24 million pretax profit thanks to servicing, while loan production saw a loss.

The company's controlling shareholder wants to replace former HUD Deputy Secretary Pam Patenaude on its board with title company executive Steve Ozonian.

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."

The publicly traded acquirer is looking to grow market share by selectively purchasing companies to beef up its influence in certain regions.

The reduction of 350-400 roles comes weeks before the Ann Arbor, Michigan-based lender is set to report its fourth quarter earnings.

The lender will cover the court-related costs and penalties professionals may incur for breaking their pact with United Wholesale Mortgage.

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.

In just the first few weeks of the year at least 10 transactions have taken place.

Industry headwinds led numbers at the software and data provider downward at the end of the year, but company leaders said the unit is positioned well for a market snapback.

The layoffs were a result of the bank's decision to exit the channel, a spokeswoman confirmed.

The private mortgage insurer is purchasing Agents National and Boston National from Incenter, which itself is a unit of Finance of America.

Fourth Capital Bank's collaboration with the megalender is made possible through a partnership with Q2 Holdings.

Also, Finance of America, SimpleNexus alums find new homes, and Supreme Lending lands leading mortgage technology expert.

The company spent the last two months cutting sales, marketing and payroll expenses but couldn't achieve a breakeven point, its CEO said.

The Texas-based company is adapting to "members' needs and changes in the marketplace," which resulted in a scale down in some divisions, a spokesman said.

The California-based lender announced an asset purchase of Lend Smart Mortgage, which has close to 30 branches nationwide.

The potential class of 140 impacted professionals is entitled to damages of at least $43 million, an attorney wrote.

The bank holding company is taking the business purpose lender into the corporate fold and out of its own silo, executives said.

Wells Fargo kept Chief Executive Charlie Scharf's pay at $24.5 million for 2022, a year in which both profit and stock tumbled and the bank continued to grapple with the fallout from a raft of scandals.