Interfirst Mortgage lays off 75 workers, brings total to 500
Dmitry Godin's rebooted mortgage operation, launched in 2020, has scaled down as fast as it scaled up. But he says the firm is in a good position now.
Source: chicagobusiness.com
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Nonbank lender job cuts could shorten the market downturn
Nonbank turnover rates for processors, underwriters and closers ranged from 35% to 50% in the first half of 2022, compared to 18% to 22% for banks.
Source: housingwire.com
Fed's rate hikes are tanking the mortgage market
The mortgage market is reeling from the central bank's strategy of raising rates and reducing its holdings of mortgage-backed securities. Lenders face the worst headwinds in more than a decade.
Source: financial-planning.com
Fed's rate hikes are tanking the mortgage market
The mortgage market is reeling from the central bank's strategy of raising rates and reducing its holdings of mortgage-backed securities. Lenders face the worst headwinds in more than a decade.
Source: americanbanker.com
Wyndham Capital Mortgage to have a new round of layoffs
Consumer direct lender Wyndham Capital Mortgage is doing a new round of layoffs in North Carolina, according to a WARN notice.
Source: housingwire.com