Union Home Mortgage implements workforce reductions

Union Home Mortgage the latest to trim workforce

housingwire housingwire | 1 year ago

Ohio-based Union Home Mortgage is the latest in a string of lenders this week to institute workforce reductions. Laid off workers talked to HousingWire. The post Union Home Mortgage the latest to trim workforce appeared first on HousingWire.

Layoffs, again: Fairway is the latest lender to trim workforce

housingwire housingwire | 1 year ago

Fairway staff across the country received phone calls last week announcing they were part of a round of layoffs, and sources told HousingWire.Fairway Independent Mortgage Corp. of Madison looks to be the latest mortgage lender to lay off employees due to the problematic origination market, demonstrating that rising mortgage rates and property prices are already hitting enterprises with a significant proportion of purchase loans in their portfolios. A dozen former Fairway employees told Hous...

Texana Bank to trim workforce in California

housingwire housingwire | 1 year ago

More than 55 Texana Bank employees in California are expected to be laid off Sept. 5, according to a WARN filing. The post Texana Bank to trim workforce in California appeared first on HousingWire.

Guaranteed Rate Offers Industry’s First End-To-End Mortgage Origination Experience In Spanish

nationalmortgageprofessional nationalmortgageprof... | 1 year ago

Guaranteed Rate claims to embrace its responsibility to serve all homebuyers, regardless of which language they speak.

Mortgage origination activity drops to a 22-year low

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

The mortgage industry’s 2022 slide in originations continued, with numbers falling last week to levels not seen since the Clinton administration, according to the Mortgage Bankers Association.The MBA’s Market Composite Index, a measure of mortgage activity based on surveys of association members, dropped a seasonally adjusted 6.5% for the weekly period ending June 3. The index also came in 55% lower compared to a year ago. Last week’s data included an adjustment for the Memorial Day holid...

Citi trims mortgage workforce amid reorganization

housingwire housingwire | 1 year ago

Depository bank Citi has trimmed staffing levels in its mortgage business, following surging rates and a reorganization of its operations. The post Citi trims mortgage workforce amid reorganization appeared first on HousingWire.

The Latest in Mortgage News: Borrowers Growing Worried Over Rate Hikes

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

Rising interest rates are starting to weigh down Canadians' confidence in their finances, according to the latest results of the MNP Consumer Debt Index.

Honouring the latest Mortgage Hall of Fame inductees - Mortgage Rates & Mortgage Broker News in Cana...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

After a pandemic-induced hiatus, hundreds of mortgage professionals gathered at the Vancouver Convention Centre Monday night to celebrate the latest inductees into the Canadian Mortgage Hall of Fame. The Canadian Mortgage Hall of Fame honours mortgage industry leaders who have provided leadership, vision and inspiration in their profession, and whose achievements and service have contributed to the success of the Canadian mortgage industry. The evening capped off Mortgage Professionals Canada...

The latest in mortgage news: BoC rate hike expectations grow - Mortgage Rates & Mortgage Broker News...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.

The latest in mortgage news: OSFI has no plans to loosen the stress test - Mortgage Rates & Mortgage...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

Despite today’s mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada’s banking regulator said no changes to the stress test are imminent. In a speech last week, the head of the Office of the Superintendent of Financial Institutions (OSFI), Peter Routledge, threw cold water on the prospect of the regulator making any tweaks to its stress test for uninsured mortgages, or those with down payments of 20% or more. “The uncertainty and anxiety caused by a rising interes...

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Union Home Mortgage the latest to trim workforce

Union Home Mortgage the latest to trim workforce