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These mortgage lenders have cut jobs in 2022

Housing Wire

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

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Here are the 2022 HousingWire Vanguards!

Housing Wire

Head of Neighborhood and Community Lending. Gold Star Mortgage Financial Group. Managing Director and Global Head of Mortgage Services. Matic Insurance. Mortgage Champions. Sales Boomerang and Mortgage Coach. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending.

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USAA Federal Savings Bank cuts 130 positions in real estate lending 

Housing Wire

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. in 2021, mortgage data platform Modex showed. of the total volume in 2021, its origination shifted toward purchase mortgages, which accounted for 73.1%

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Do You Need 20% Down To Buy A Home?

PennyMac

Putting down 20% of the total home cost isn’t required to obtain a home loan; most mortgage options have much lower minimum down payment requirements. Mortgage Type. Mortgage Type. FHA Mortgages. Mortgage Type. Conventional Fixed-Rate Mortgages. Mortgage Type. Minimum Down Payment. Learn More.

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Ex-employee alleges rampant sexual misconduct at mortgage lender EPM

Housing Wire

A former employee alleged that an executive at Atlanta-based mortgage lender Equity Prime Mortgage (EPM) sexually assaulted her, and executives fostered a culture of widespread sexual harassment at the firm. Former mortgage loan processor Tiar McCart claims, in a suit filed in the U.S.

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Introducing the 2021 HW Insiders

Housing Wire

United Wholesale Mortgage. First Guaranty Mortgage Corporation. First American Mortgage Solutions. DHI Mortgage Company. American Mortgage Network. First Community Mortgage. President of Residential Servicing and Correspondent Lending. Freedom Mortgage. Academy Mortgage Corporation.

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CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

Data from the Federal Reserve indicates Goldman Sachs has the highest exposure to commercial loan losses at 16% of its lending total due within the next two years, followed by Morgan Stanley (14%) and Citizens (12%). Meantime, getting workers to feel good about returning to the office is a stiff challenge.