La. Mortgage Firm's Staff Up 73% Since Jan 2015
As Eustis Mortgage expands its brands by creating new subsidiaries, it has grown its staffing by more than 70 percent since last year.
New York Jobs Being Cut by PHH Mortgage
Dozens of employees in New York are being laid off by PHH Mortgage Corp. as a result of business the company recently lost.
Banks Lose Mortgage LOs to Non-Banks
The number of mortgage loan officers registered in the national database has expanded over the past year as non-bank originator share widened.
Dozens of Hirings for New PennyMac Call Center
The opening of a new call center in the Northwest will result in the hiring of dozens of new employees by PennyMac Financial Services Inc.
Mortgage Layoff Notices Plunge, Banks Continue
The volume of layoff notices by mortgage-related businesses has significantly slowed as of late, though the pace has remained robust among depository institutions.
Wells Fargo Bank Eliminating Sales Goals
Wells Fargo & Co. is taking steps to address incentive compensation that led to the fraudulent opening of millions of accounts by employees who have since been terminated.
Mortgage Firms Tout Best Employer Status
A recent ranking of the nation's best places to work included a few mortgage companies, and they aren't shy about boasting how satisfied their employees say they are.
Solid Expansion in Mortgage Employment
The monthly number of non-bank mortgage jobs grew by nearly 5,000, and a weak report on overall jobs is likely to keep interest rates competitive.
MSRs Eat Into Mortgage Servicer Earnings
An escalation in prepayment volume pushed up quarterly losses from mortgage servicing rights activity and drove earnings at the mortgage servicers deeper into the red.