Industry News
Coming Up:
Bankruptcy Court Judge OKs Financing For FGMC
Financing package will allow FGMC to continue to fund loans in its pipeline.
Opteon Acquires Northeastern Appraisal Associates
This is the fourth acquisition Opteon has made in the last 12 months.
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.
AnnieMac Home Mortgage Acquires OVM Financial
Wants to expand its outreach into the Mid-Atlantic region.
Where Is The Mortgage Industry Going?
There’s a lot of volatility in the mortgage market at the moment, but could things be stabilizing?
Ready Life Launches Black-Owned Fintech To Help Underserved Borrowers
Ready Life, led by two Black entrepreneurs, is taking aim at the racial wealth gap by starting a mortgage fintech.
FGMC Files For Chapter 11 Bankruptcy Protection
FGMC notified laid-off 471 employees late Tuesday night that it would pay severance.
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.
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.