Game changer? Quicken Loans takes mortgage lending fully digital

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Fannie Mae continues shifting credit risk to insurers

Completes fifth and sixth Credit Insurance Risk Transfer deals

Items Tagged with 'job cuts'


JPMorgan Chase reportedly laying off 5,000 employees

Cuts would represent at least 2% of bank’s staff
JPMorgan Chase is set to lay off approximately 5,000 of its employees as part of cost-cutting measures. The job cuts reportedly already began earlier this year and would represent at least 2% of the bank’s staff.
Read More

Financial sector continues bleeding jobs

Sector records 60,962 job cuts for 2013
Despite overall improvement in the 2013 jobs market, the financial sector took a beating this past year, becoming the industry where employers cut the most. The sector recorded 60,962 job cuts for 2013, up 49% from 41,008 in 2012.
Read More

BAC reduces staff as delinquent loan count improves

Bove: Mortgages are not profitable for big banks
While Bank of America would not elaborate on reports of the banking giant slashing 3,000 jobs in its legacy asset servicing group, it admits the number of delinquent loans the bank services has drastically declined to less than one-third of peak levels.
Read More