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Wave of mortgage job cuts continues

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Mortgage Professional America | 10 Sep 2013, 06:18 AM Agree 0
The nation’s second-largest lender is cutting more than 2,000 jobs and closing 16 mortgage offices in the face of rising interest rates and flagging demand for mortgages
  • Bayview Mortgage Inc. | | 15 Sep 2013, 06:35 PM Agree 0
    Well, if they can't sell to Fannie. then their Lending business is pretty much in the gutter anyway. they don't need all those originators when they are only dealing with very, very good borrowers and their own cash. They are probably sticking to credit cards with 39% interest rates. Its almost as good as pawn shops and title mortgages in income production. The CFPB should require the lenders to hold credit cards as a % of all mortgages and not top heavy in cards. and treat that % rate, weight in the mix.
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