loanDepot switches from Credit Suisse, UWM adds $500M facility.
Cryptocurrency lender halted its warehouse mortgage operation 2 months ago.
Nation's leader in origination volume has reduced its staff by 2,600 since 2021; Rocket Cos. has cut 29%
Calif.-based wholesale lender reportedly closed on Jan. 31.
Reduction in force is second in January, following cuts at Rocket Central.
Has cut staff from about 80 to about 20 employees since merger with Lakeview Loan Servicing.
Now offers 2-1 and 1-0 seller-paid buydowns on its core loan products.
Refutes claim made in race car sponsorship lawsuit.
Company also launches 4EVER Wholesale campaign to celebrate more than 30 years of serving lenders and brokers.
Fitch downgrades two nonbank residential mortgage lenders.