Homepoint hits the āresetā button
Homepoint hits the āresetā button
Abstract
"We feel like we've done what we need to navigate the environment," says Willie Newman.
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"We feel like we've done what we need to navigate the environment," Homepoint's president and CEO Willie Newman said in an interview Friday.
The post Homepoint hits the āresetā button appeared first on HousingWire.
"We feel like we've done what we need to navigate the environment," Homepoint's president and CEO Willie Newman said in an interview Friday.
The post Homepoint hits the āresetā button appeared first on HousingWire.
Finance of America Companies will focus on reverse, commercial mortgages, lender services and portfolio management segments.
The post Finance of America Mortgage announces shutdown appeared first on HousingWire.
Finance of America Companies will focus on reverse, commercial mortgages, lender services and portfolio management segments.
The post Finance of America Mortgage announces shutdown appeared first on HousingWire.
Patti Cook, CEO of the 32nd largest mortgage lender in the U.S. will reisgn from Finance of America (FoA) June 30 for health reasons.
The post Patti Cook to resign as FoAās CEO, citing health concerns appeared first on HousingWire.
Patti Cook, CEO of the 32nd largest mortgage lender in the U.S. will reisgn from Finance of America (FoA) June 30 for health reasons.
The post Patti Cook to resign as FoAās CEO, citing health concerns appeared first on HousingWire.
Fast-rising interest rates hit Finance of America CompaniesĀ hard in the first quarter and the company cut almost 600 jobs.
The post Finance of America cut 600 jobs in Q1 appeared first on HousingWire.
Fast-rising interest rates hit Finance of America CompaniesĀ hard in the first quarter and the company cut almost 600 jobs.
The post Finance of America cut 600 jobs in Q1 appeared first on HousingWire.
While the company improved on the prior quarterās results, efficiency measures including layoffs failed to make up for less favorable secondary market conditions.
While the company improved on the prior quarterās results, efficiency measures including layoffs failed to make up for less favorable secondary market conditions.
Sources say former employees from Finance of America Mortgage LLC are transitioning to American Pacific Mortgage as the company will shut down by year's end.
The post American Pacific Mortgage scoops up former FAM employees appeared first on HousingWire.
Sources say former employees from Finance of America Mortgage LLC are transitioning to American Pacific Mortgage as the company will shut down by year's end.
The post American Pacific Mortgage scoops up former FAM employees appeared first on HousingWire.
Finance of America posted steep losses in the second quarter and has pledged to eliminate a significant percentage of its workforce to contain the financial fallout.
The post Finance of America eliminates big chunk of workforce as losses mount appeared first on HousingWire.
Finance of America posted steep losses in the second quarter and has pledged to eliminate a significant percentage of its workforce to contain the financial fallout.
The post Finance of America eliminates big chunk of workforce as losses mount appeared first on HousingWire.
Finance of America Companies registered a $302 million loss in Q3 ā nearly double its Q2 losses ā which was mainly due to non-cash transactions.
Finance of America Companies registered a $302 million loss in Q3 ā nearly double its Q2 losses ā which was mainly due to non-cash transactions.
The layoffs come a week after announcing it will shut down its residential mortgage unit amid one of the most challenging markets since the Great Recession.
The layoffs come a week after announcing it will shut down its residential mortgage unit amid one of the most challenging markets since the Great Recession.
Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail division and shut down its wholesale channel, multiple sources told HousingWire.
The post FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources appeared first on HousingWire.
Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail division and shut down its wholesale channel, multiple sources told HousingWire.
The post FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources appeared first on HousingWire.