"We wanted to help a larger swath of borrowers attain the American dream"
Cuts were necessary to keep its mortgage product competitive, the company said
James Pathman and Philip Yee join the company
The mortgage company has opened a new full-service branch in the Coachella Valley
The deal includes an option for Redwood to acquire the remaining interest in the company
One-third of the homes that were affordable for the city's middle- and working-class families were purchased by investors in 2017
The bank is settling a lawsuit accusing it of failing to pay commissions in a timely manner or reimburse expenses
The increase continues the upward trajectory seen in most of early 2018