Lender cut 80% of staff a week after pausing mortgage originations.
One week after deciding to “pause” all of its mortgage originations, Reverse Mortgage Funding LLC (RMF) laid off 80% of its staff on Tuesday. Various social media posts by former employees maintained that the company, based in Bloomfield, N.J., had closed, but that is not t...
FHFA said the baseline conforming loan limit will increase 12% next year.
With home prices nationwide rising for a record 128 consecutive months, it’s no surprise the federal government will raise the limits for loans it will back by 12% in 2023. What may shock some about the new conforming loan limit (CLL) values for mortgages to be acquired by ...
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