Industry News
Coming Up:
UWM’s Ishbia Criticizes Rocket For Job Cuts
Fires at Rocket in LinkedIn post calling staff reductions ‘disgusting.’
Christensen Picked To Chair American Mortgage Diversity Council
Replaces Lola Oyewole, who will focus on diversity, equity, and inclusion in industry.
Mr Cooper Group
Not even a 325% increase in first quarter income was enough to shield Mr. Cooper Group from layoffs.
The Principal Teaser
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Planet Home Lending Acquiring Homepoint Assets
Homepoint generated $20.7 billion in delegated correspondent volume in 2021, making it the 13th largest correspondent lender.
Real Estate Brokers Group Wants $10B For Down Payment Aid
Request comes as FHFA releases long-awaited Underserved Markets Plan for 2022-2024
Community First Bank Selling Mortgage Subsidiary to Primis Bank
Primis will acquire 100% of SeaTrust Mortgage Co. stock in an all-cash transaction.
Mr. Cooper’s 1Q Earnings Soar 325%, But Firm Also Cut 250 Jobs
Dramatic increase in earnings a result of deal with Sagent
Union Home Mortgage Confirms Staff Reductions
Mortgage brokerage did not release the number of jobs eliminated.