Majestic Home Loan Abruptly Shuts Down
Calif.-based wholesale lender reportedly closed on Jan. 31.
Calif.-based wholesale lender reportedly closed on Jan. 31.
The group of 140 employees say AmeriSave claimed they were fired 'for cause' after laying them off.
After merger with Flagstar Bank, says it will eliminate 69% of retail mortgage lending offices.
Reduction in force is second in January, following cuts at Rocket Central.
Has cut staff from about 80 to about 20 employees since merger with Lakeview Loan Servicing.
A Delaware bankruptcy court judge certified the class, which includes 425 former employees.