Employees Await Fate as Subprime Servicer Acquired
The acquisition of a servicer in California has hundreds of employees wondering whether they will be laid off. The deal involves servicing rights on more than 100,000 mortgages.

Servicing Firm Sees Continued Growth
During the past year-and-a-half, a growing sub-servicer has added 150 employees. Executives at the firm forecast even more hirings. The company noted particularly high growth at its seller finance unit.

The Conference Calendar
Issues being addressed at upcoming mortgage events include loan officer compensation, the future of mortgage servicing and selling loans to the Federal National Mortgage Association. The premier mortgage banking event of the year is just around the corner.

In-Depth Look at New Rules
A dizzying number of mortgage rules issued this week impact disclosures, compensation and servicing. Proposals were also made for reverse mortgages. Here is a comprehensive review of the rules.

HSBC Mulling Sale of Mortgage Unit
Employees of HSBC's U.S. mortgage subsidiary have been notified that strategic options are being considered for the lender. The news comes more than a year after the company announced plans to liquidate HSBC Finance Corp.

Help Wanted: Production Employees
A mortgage service provider is hoping to immediately fill more than a hundred openings for mortgage production jobs. The recruitment campaign follows the recent hiring of more than 300 employees and is part of a bigger plan to create more than a thousand jobs.

Underwriters Suing Employers
Several lawsuits alleging unpaid overtime have been filed against mortgage lenders by underwriters and loan originators. A single law firm is responsible for much of the litigation.

Mortgage Sector Loses More Jobs
For the past few years, the government has reported nearly every month that the mortgage industry contracted. This month was no different. But ridiculously low mortgage rates and a growing backlog of loans in process are placing pressure on lenders to add production personnel.

LOS Provider Moving
A rich pool of technology talent, lower license rates and the local lifestyle convinced the founders of a mortgage technology provider to move its headquarters to a South Carolina community. Around 700,000 transactions are handled through the firm's loan origination system each year.

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Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.