Industry News
Coming Up:
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.
Congress Looks At Home Prices
Can Washington help fix the problem?
