Industry News
Industry News
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While the acquisition of the NBA and WNBA teams fulfills a lifelong dream, the head of the publicly traded wholesale mortgage company plans to remain in the Detroit area after the deal is completed.
December 21 -
Investor whims and secondary market conditions make any pivot away from fixed-term products a riskier proposition for nonbanks, mortgage advisory group Stratmor said.
December 21 -
The former college basketball player, who owns 94% of the Detroit-area mortgage lender, is said to be paying a record $4 billion for the NBA team.
December 20 -
The bill will require the agency to codify the use of desktop appraisals.
December 20 -
The firm said it would still originate and service loans out of the office where the cost-cutting measures will occur.
December 20 -
The real estate company said it spent over $500 million in the last 10 years on its advertising campaign.
December 20 -
The two companies will bring close to 60 new employees to the Philadelphia-based lender.
December 18 -
Among other breaches of contract, workers allowed their future employer to store equipment in their current offices in anticipation of their conversion, the complaint claims.
December 16 -
A federal court also recommended sealing the defendant's corporate ownership information because of its concerns about identifying private investors.
December 15 -
The plunge in mortgage volumes 2021 highs led to reduced business for insurers, while growing acceptance of attorney-opinion letters pose a greater competitive threat.
December 15 -
The uptick in the 60-day-plus metric could reverse the bulk of the decline that occurred between 2019 and 2021.
December 14 -
The laws dictating advance notice of mass terminations include various exemptions for employers and suggest employees seek any recourse through legal action.
December 13 -
The cut occurred across departments and included the dismissal of the company's head of mortgage.
December 12 -
A special-purpose acquisition company is merging with a bank as its affiliated startup still lacks its own national bank charter.
December 9 -
The depository joins other mortgage players small and large in exiting the space amid the market's significantly reduced activity.
December 9 -
The California-based non-QM lender plans to continue onboarding "as many more Athas employees as [they] possibly can," the company's president said.
December 8 -
The deal will close for $10 million in cash, plus the right to purchase nearly 33.9 million shares of common stock.
December 7 -
The mortgage company, despite its nonpayment, still had its logo on a stock car and requested special access for its guests at an October race at Talladega Superspeedway in Alabama, the complaint said.
December 7 -
The company reported a net loss of $84.1 million in the third quarter and blamed the performance on interest rate hikes, inflation and supply chain woes.
December 7 -
By the end of the second quarter of 2022, over 45% of Black and Hispanic white applicants were rejected because of elevated DTI largely caused by rising rates, the Consumer Financial Protection Bureau said.
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