Navy FCU's Lending and Staffing Dip, Servicing Up
Navy Federal Credit Union closed fewer residential loans and reduced its staffing on a quarter-over-quarter basis. But the servicing portfolio grew.
Prosperity Home Mortgage's Lending, Staffing Down
Quarterly home lending activity moved lower at Prosperity Home Mortgage LLC, as did the mortgage banking firm's employee headcount.
Lending Off at Guaranteed as Servicing, Staffing Up
Among the first firms to report third-quarter mortgage originations was Guaranteed Rate Inc., and business was down. But servicing and staffing grew.
Growing Firms Fuel Mortgage Job Expansion
Quarterly staffing in the mortgage business has expanded, with growing players fueling the increase. Many of the industry's job losses were concentrated in the East.
Mortgage Jobs Hold Up as U.S. Employment Weakens
Among all industries, hirings weakened last month, and the prior month numbers were revised down. But staffing in home lending held steady and could strengthen thanks to a steep decline in rates today.
Wells Fargo Tops Recent Layoff Activity
While mortgage-related layoffs have slowed to a trickle for much of the industry, Wells Fargo & Co. recently eliminated hundreds of positions.
USAA Laying Off TX Mortgage Production Employees
A change in the way it does business with its mortgage customers has USAA eliminating more than a hundred mortgage jobs in North Texas.
Outcome of Quicken Case Could Impact Social Media
The outcome of a federal action against Quicken Loans Inc. could impact what employees can say about their employers on social media sites.
Employees Added at Mortgage Firms
Although Mortgage Daily typically covers hirings involving at least 25 employees, many of the job additions are under the radar. Here are some of them.
Ocwen Cuts 10% of U.S. Staff
Job cuts in mortgage servicing announced by Ocwen Financial Corp. amount to more than one-tenth of its domestic workforce.