An Insider’s Look Into How Secondary Marketing Evaluates LOs

In this webinar we’ll explore the long-term financial impacts of renegotiations, extensions and fallouts, plus basic guidelines to be viewed as a professional by your secondary marketing department

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How Freddie Mac is addressing affordable housing challenges

Freddie Mac is focused on addressing limited access to credit, housing inequalities, creation and preservation of affordable housing supply and advancement of homeownership education.

A NAR board member tells (almost) all

For this week’s Houses in Motion, a miniseries that is part of HousingWire Daily, we spoke with Lisa Dunn about the pressing issues in real estate, including disclosure of agent commission.

Mortgage

WATCH: Movement Mortgage CEO explains recent staff layoffs

"It's a tough market. And we want to play offense"

When a CEO becomes known for spreading the message of love to his coworkers and clients, it can be hard then to turn around and announce a round of layoffs.

But that’s just what Casey Crawford did to his staff this morning, in a very impassioned way.

Movement Mortgage's leader addressed the company's staff at its headquarters Friday morning, telling them why the company's recent layoffs were necessary. The company recently uploaded the clip of Crawford’s speech to staff this morning. The video was originally taken to share internally, but after a meeting with HousingWire today, Movement graciously decided to let the message go public.

Crawford's message to his employees: A tight mortgage market made these cuts necessary, in order for the company to thrive in the future. 

“I’m hurting, I feel sad. I feel like I let some folks down yesterday,” Crawford tells his people. “I don’t like a marketplace constrained.”

Crawford, a former NFL player, uses a football metaphor to describe what's next for the company. "It's a tough market. And we want to play offense," Crawford says, adding that the company is already using the cost savings from the layoffs in its mortgage pricing.

Here's his speech in full, but it gets really interesting at the 5:31 mark.

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