Homepoint Cuts Lending Capacity By $925M
Joins loanDepot in reducing capacity by around $1billion.
Joins loanDepot in reducing capacity by around $1billion.
The nation's second-largest retail nonbank lender has now cut $1.5 billion in capacity since mid-August.
2 top executives receive boosts to base salaries from lender that has eliminated nearly 4,000 positions this year.
When will things turnaround for wholesale?
Reduction is the second in two months following a similar move in August.
A former executive of a now shuttered wholesale division discusses the future of the channel.
Gregory Smallwood brings two decades of experience in the field.