After cutting nearly 500 jobs after Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida. Continue reading
Key Fed inflation metric expected to drop June 28 following unexpected decline in May wholesale prices and jump in jobless claims to highest level since August 2023. Continue reading
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending. Continue reading
After three years as president, Marc King has stepped down from his post at Keller Williams Realty. CEO Mark Willis will take over King’s responsibilities. Continue reading
Sixty-five employees are slated to lose jobs when the Atlanta-based lender, licensed in 48 states, ceases operations on March 29, the company confirmed in a WARN Act filing with Georgia officials. Continue reading
Illinois-based Dovenmuehle Mortgage, which collects monthly payments from homeowners in all 50 states on behalf of lenders and investors, says it’s cutting HQ staff but not closing down. Continue reading
Seattle-based brokerage and mortgage lender Flyhomes announced another round of layoffs on Friday. The company had layoffs in July and November 2022, with one round impacting 20 percent of its workforce. Continue reading
Plunk President and co-founder David Bluhm said a number of issues led to the decision, which included the release of three employees to date and the possibility of more. Continue reading
A $565 million influx of cash from an August SPAC merger and a $1 billion reduction in annual expenses put Better on a footing to navigate a challenging market, executives say. Continue reading
With headwinds in sight for 2024, loanDepot plans to slash $120 million in annual expenses following three consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon. Continue reading