On Nov. 29, Inlanta notified state officials it was terminating 62 employees contingent on its acquisition by a then-unnamed third party.

Wells Fargo cut hundreds more mortgage employees Thursday, the latest in a series of reductions across the industry after higher interest rates brought the pandemic-era home-lending boom to halt.

HomeTrust Mortgage disclosed customers' names, addresses and Social Security numbers may have been compromised in the incident.

The layoffs at the lender's Houston, Texas headquarters caught many by surprise as upper management informed employees in October that they had enough resources to weather the market conditions.

A class action complaint alleges Nationstar improperly denied the holders of a Federal Housing Administration-insured loan relief entitled under a pandemic option.

The homeownership gap between Black and white populations has widened in the years since the Great Recession, putting obstacles in the way of achieving wealth for a large percentage of Americans. How did we get here, and what do the housing and home lending industries need to do to change the current course?

Prospective borrowers are still looking at inland hotspots but coastal cities will make a comeback in the next 12 to 24 months with favorable acquisition costs and inventory, according to Guaranteed Rate's top-ranked loan officer.

The top five have over seven billion dollars in total assets as of June 30, 2022.

Loan officers, processors and closers were impacted, a source said. What remains is a "skeleton crew" to run operations.

The New York-based startups also undertook large headcount reductions in the spring.

While mass firings abound, the employment situation is not moribund for those with certain skills sets in demand.

The $225 million deal has its roots in the creation of the mortgage technology company that currently owns the property information business.

A trade group expert called this "sobering news," given that the third quarter is generally the strongest of the year for the industry.

Also, LoanLogics sees changes at the top, the Mortgage Bankers Association promotes three and Synergy One, Falcon Capital name general counsels.

At least three lenders have announced the formation of partnerships with real estate or homebuilder companies in November

NYSE American accepted the mortgage company's plan to resolve an existing concern but its persistent losses raised a new issue.

Those left unemployed say lenders have in some cases cut off critical health insurance retroactively or denied severance or an earned PTO payout. Meanwhile, three firms are accused of skirting WARN disclosures providing advance notice of mass terminations.

Republican control of the U.S. House of Representatives will help advance financial services firms' priorities, with a wish list that includes curbing ambitious proposals by a top markets regulator and diminishing the clout of a popular U.S. consumer watchdog.

The company has cut 194 of its 305 employees from its Aurora, Colorado headquarters, it disclosed in a Worker Adjustment and Retraining Notification.

JPMorgan Chase's asset-management arm entered into a deal to acquire more than $1 billion of single-family rentals, a sign that choppy markets haven't scared investors away from suburban housing.