"A homecoming for these heroes is something to be celebrated. Sadly, as we continue to recover from the largest economic downturn in generations, many of our veterans face homelessness, health care complications and high unemployment rates," Mortgage Bankers Association President and CEO David Stevens said.
Mortgage Investors Corp. laid off 500 workers, which leaves fewer than 40 employees to help wind down operations. The company is closing its doors on the heels of new federal regulations and the partial government shutdown.
A wide range of companies making the 2014 HW Fast50 suggests that — are you ready for this? — maybe things aren't as bad in the U.S. mortgage and housing markets as some breathless press might otherwise suggest. After all, our rankings this year include mortgage insurers, investors, loan servicers, technology specialists and dot-coms, home builders, real estate services companies, mortgage bankers and more..
Last October, HousingWire highlighted several correspondent lenders and gave a broad overview of where this division of mortgage finance was heading. We are happy to report that those lenders are still doing a robust set of business, although the road remains no less rocky. But as we said last year, at least there’s a road to begin with. Read More
As our business moves into a new era of low profitability, increased expenses, and intense regulatory scrutiny, virtually every mortgage executive needs to experiment with ways to increase productivity and CFPB compliance while reducing overall operating costs. Read More