The Irving, Texas-based lender is also reportedly in negotiations to sell its retail mortgage division, which employs about 1,000 loan originators nationwide
United Wholesale Mortgage, the nation's biggest wholesale mortgage lender, is slashing rates and urging retail loan officers to defect to independent mortgage brokerages
Dr. Nathan Connolly and Dr. Shani Mott alleged fair housing and civil rights violations after a second home appraisal came back $278K higher when they removed any indication of their race
The lender plans to boost revenue by growing purchase loan business and loan servicing portfolio, with digital HELOC also in the works, according to a second-quarter earnings call
Executives are concerned about reputational risk of correspondent lending channel, which has historically accounted for as much as half of the bank's home loan business, Bloomberg reported
J.D. Power's annual Mortgage Servicer Satisfaction Study finds customer satisfaction is 26% higher when mortgages are originated and serviced by the same company
Lender hopes to cut up to $400M in annual expenses and become profitable by the end of the year, after rising mortgage rates gut profitable refinancing business
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
The ranks of the real estate industry have swelled over the past decade, but some experts who spoke to Inman believe a trend in the opposite direction may be picking up speed
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
Mortgage lender suspends its quarterly dividend after posting a $91.3 million first quarter loss
Former CoreLogic CEO Frank Martell will oversee daily operations, while Hsieh will take on 'holistic strategic role' as executive chairman
The layoffs come as Pennymac ups its investment in technology and marketing to help it do more business directly with consumers and mortgage brokers
Zeenat Sidi, a veteran of SoFi and RBC, will serve as president and CEO of the new unit, which will oversee loanDepot's customer contact center, the company announced Thursday
The LoanDepot founder and CEO has racked up $2.2 million in paper losses on the 3.15 million shares in the company he's bought since November