United Wholesale CEO Mat Ishbia criticized his Detroit mortgage rival for recent job cut announcements in a post that has generated hundreds of responses.

The brokerage will eliminate its minimum housing price policy, which determines who can access its services, among other changes.

Also, Gateless promotes its own to chief technology officer, Panorama Mortgage Group announces new brand, Lower appoints its first CFO and more.

In a recent survey, just over half of community bankers expressed concern that the central bank will harm the U.S. economy by raising rates too fast in its quest to contain inflation.

The firm's merger with a special purpose acquisition corporation is expected to be completed this quarter, according to financial filings.

The two companies, which have not received government approval to complete their now year-old pending deal, postponed the deadline to Oct. 31 and have decided to make the combined entity a national bank.

The lender is the latest to announce cuts in response to declining production volume.

The bank didn’t disclose which specific employees, or how many, were impacted by the announcement.

Health care, home improvement, cannabis, gaming and college students are among the areas banks are targeting with the help of innovative tools.

The bank asked to move the discrimination case from a Black magistrate to a supervising White district judge, which attorneys for plaintiffs said was an attempt to ‘redline the federal court.’

An incident at American Financial Resources compromised the information of 216,645 borrowers, the company acknowledged.

The tech firm cited an expected 60 to 70% drop in refinance volume as reason for the layoffs, which affect employees in the company’s title business and general administrative duties.

The company is blaming anticipated declines in origination volume for its latest cuts.

Also, AI-platform Gateless names industry veteran as its first president, new CDFI and non-QM lender Champions Funding begins operations and Farmer Mac welcomes back board chair.

Lakeview Loan Servicing is facing eight class action lawsuits from borrowers who claim the company was negligent in protecting their information, including Social Security numbers.

The company partially backed by Wells Fargo will integrate the technology in its point of sales software, which they say is used by more than 350 institutions.

The municipality and the bank have been at odds over similar issues in the past, and no agency currently has deposit accounts with the lender.

The lender’s latest announcement comes one month after it laid off a third of its staffers in March and 900 employees in December in a disastrous Zoom call.

Market conditions drove the management team at Ellie Mae to take the company private back in 2019. Could the nation's largest servicing technology provider be considering the same thing?

Private equity firms have been weighing bids for the tech provider, according to people familiar with the matter.