Non-QM lender lender lays off three-fourths of workforce, saying it’s experienced “significant operating losses and cash flow challenges” and has been unable to obtain funding. Continue reading
Power Buyer confirms that it intends to fill about 50 job openings in its mortgage, real estate brokerage, marketing and finance departments. Continue reading
Recent headlines have been filled with news of layoffs, but look closer, writes author and executive Joe Rand. The companies where layoffs are occurring are wholly unrepresentative of the real estate industry and don’t represent a major trend. Continue reading
The slowing demand for homes is affecting the balance of power between buyers and sellers, according to two new reports from Redfin. Continue reading
Inman spoke with Oppenheim Group founder Jason Oppenheim and vice president Mary Fitzgerald about market turmoil, layoffs and the road forward ahead of Connect Las Vegas. Continue reading
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others. Continue reading
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others. Continue reading
Laughing and cheering at the expense of others, whether those others are real estate professionals losing their jobs or celebrities embroiled in abusive situations, has no place in this industry, says Jay Thompson. Continue reading
Investors warned of “break even” second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations. Continue reading
With a few exceptions, the layoffs have so far largely been confined to companies providing mortgages and mortgage-related services like title and closing. Continue reading