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Operations
Coming Up:
American Pacific Mortgage Acquires Lend Smart
Lend Smart will retain its name, leadership, and brand.
Originator Fraud: Crimes Of Opportunity & Crimes Of Desperation
“Mortgage malfeasance” vs. fraud
Lone Star LO
First Option Mortgage Opens 3 New Branches
Atlanta-based lender adds branches in Florida & Texas, opens first location in S.C.
Fortuna Finance Launches Home Sale Assurance Program
New company’s program provides guaranteed purchase offer for sellers.
Legacy Bank and Trust Acquires Crain Mortgage Group
Missouri-based bank rebrands Dallas-based company as Legacy Capital.
Prosperity Home Mortgage Names New President, CEO
Former COO Justin Messer succeeds Tim Wilson, who remains as chairman.
Wells Fargo Exiting Correspondent Lending & Reducing Servicing
Bank announces strategic plans to 'create a more focused home lending business.'
Rocket Mortgage, Former Employees Fight In 2 Courts
Ex-employees file suit over OT pay three months after Rocket sued former staff who joined JFQ Lending.
Former Employees Sue Rocket Mortgage Over OT Pay
Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.
Silvergate Capital Lays Off 40% Of Workforce
Layoffs announced after Silvergate Bank takes $8B hit related to failure of cryptocurrency trader FTX.