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David Krechevsky

Editor

David Krechevsky was an editor at NMP.

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Construction Spending Dips 0.1% In May, 1st Decline In 8 Months

Overall residential construction, however, ticked up 0.2% in May from April, and was 18.7% above the estimate for May 2021.

Jul 01, 2022
Power Shifting To Buyers As Asking Prices Fall

Redfin says a record-high share of home sellers dropped their prices after this month’s historic mortgage-rate hike.

Jul 01, 2022
Lenders Complain FGMC Is 'Radio Silent' On Loans

Company said it would stop purchasing new loans in the wake of its mass layoff last week; seeking court-approved financing.

Jun 30, 2022
FGMC Files For Chapter 11 Bankruptcy Protection

FGMC notified laid-off 471 employees late Tuesday night that it would pay severance.

Jun 30, 2022
FGMC Paying Severance To Ex-Employees

Late-night email tells laid-off workers they'll receive one week of pay for each year of service.

Jun 29, 2022
Texas, N.Y. Law Firms File Class-Action Suit vs. FGMC Over Layoffs

Both firms represent a former employee suing over lack of 60-day notice before mass layoff on June 24.

Jun 29, 2022
Zillow Group Lays Off 55 In Texas

Layoffs related to the closing of its Zillow Offers ibuying unit.

Jun 29, 2022
Former Execs Use Social Media To Help Laid-Off FGMC Workers

Ask workers to share résumés, which they will share with recruiters.

Jun 28, 2022
'A Tough, Horrible Day For Everybody' At FGMC

First Guaranty Mortgage Corp laid off more than 400 during online meeting.

Jun 28, 2022
Mortgage Tech Firms Sales Boomerang, Mortgage Coach Merge

Appoint Richard Harris, a global SaaS executive, as CEO.

Jun 27, 2022