home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.reversefunding.com

subscribe to free Mortgage Daily email newsletter
twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

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


Laid Off Mortgage Employees Form New Company
Eighteen former employees of CUNA Mutual Mortgage Corp. have formed their own mortgage banking company in Middleton.

Most Diverse Mortgage Employers
Several mortgage-related companies were recently recognized as being among the most-diverse employers.

Lender to Pay LOs Base Plus Commission
Bypassing overtime issues arising over originators who don't earn the minimum required compensation, a national lender plans to pay its mortgage loan officers a base salary.
read mortgage industry news article

Three big mortgage-related companies were recently recognized as being among the most-diverse employers.
Most Diverse Mortgage Employers

PHH Mortgage Pays OT Fine
PHH Mortgage was fined for failing to pay overtime wages to 13 New Jersey workers, according to state officials.
read mortgage industry news article

PNC Breathes New Life Into Mortgage Business
Five years after exiting the mortgage business, PNC Bank is jumping back into the game with a slew of new hires. The revived operations include retail and wholesale channels.
read mortgage industry news article

Washtenaw Mortgage Shuts Down
Rising interest rates were too much for Ann Arbor, Mich.-based Washtenaw Mortgage.
read mortgage industry news article

Countrywide Cutting CA, FL Jobs
Countrywide Home Loans will soon shut the doors to two offices -- a move that will result in approximately 300 layoffs in the Golden and Sunshine states.
read mortgage industry news article

More People Than Ever in Mortgage Lending
Mortgage employment kept chugging along in October -- reaching another all-time high.
read mortgage industry news article

Bank Exiting Wholesale
A Texas bank is shedding its wholesale operation and cutting 250 jobs in the process.
read mortgage industry news article

100s of Wholesale Jobs Being Added
A subprime wholesale lender's expansion into the Northeast will create hundreds of loan processing and sales jobs.
read mortgage industry news article

Ameriquest Cuts 1500 Jobs
In response to a challenging environment, the parent of Ameriquest Mortgage Co. laid off about 1,500 employees.
read mortgage industry news article

New Century Adding Hundreds of Jobs
A recent relocation will enable New Century Financial Corp. to hire hundreds of new employees in Southern California.
read mortgage industry news article

Servicer Cutting Reverse Staff
A servicing company owned by EDS will exit the reverse mortgage business and, in the process, layoff more than 40% of its staff.
read mortgage industry news article

Supervisor's Comments at Issue in Lawsuit Against E-LOAN
A San Francisco-area online lender is being sued for anti-gay and anti-ethnic statements allegedly made by a company supervisor.
read mortgage industry news article

National City Consolidates Employees
National City Mortgage has implemented a consolidation plan, and wholesale lending employee changes are apparently leading the way.
read mortgage industry news article

Mortgage Jobs Set New Record
Rising rates have not held mortgage lenders and brokers back from employing more people than ever.
read mortgage industry news article

Lead Co Adding 350 Jobs
A mortgage lead provider's expansion into the Pacific Northwest will create hundreds of job opportunities.
read mortgage industry news article

CPAs to Originate
A Connecticut mortgage company is recruiting certified public accountants and other financial professionals to originate mortgages.
read mortgage industry news article

Florida Company Expanding & Hiring
Blue Marble Lending Inc. will create hundreds of mortgage jobs at its new headquarters in Florida.
read mortgage industry news article

Chase Adding 800 Originators
Chase Home Finance announced plans to add hundreds of new mortgage officers, with many to be housed at existing bank branches.
read mortgage industry news article

Countrywide Adding 1,500 Dallas Area Jobs
Countrywide Financial will further expand in the Lone Star state with a new data center that will create 1,500 new jobs in the Dallas/Ft. Worth metroplex.
read mortgage industry news article

Capital One Hiring Hundreds
Capital One Financial Corp. plans to add hundreds of mortgage production jobs in Kansas.
read mortgage industry news article

LOs Sue Ohio Mortgage Banker Over OT
Four Florida loan officers have filed a collective action against an Ohio mortgage banker for alleged unpaid minimum wage and overtime. But the company says the complaint is only a reaction to theft accusations made against some of the originators.
read mortgage industry news article

Countrywide Adding 1000 Florida Jobs
The country's top originator has made its way into Florida in a big way.
read mortgage industry news article

Mortgage Jobs Solid
The government again reported the number of people working in mortgage lending swelled to a new high. But the boost in real estate finance employment wasn't enough to hold down overall unemployment.
read mortgage industry news article

Credit Union Mortgage Jobs Being Cut
A move to spin off mortgage operations means hundreds of mortgage employees will lose their jobs servicing loans for the country's credit unions.
read mortgage industry news article

HSBC Adding Employees, Curtailing Correspondent
HSBC Mortgage Corp. is targeting retail ethnic markets -- and adding mortgage production jobs in the process. But the revised focus comes at the expense of anticipated correspondent production.
read mortgage industry news article

BoA Settles OT Class Action With LOs
Bank of America has agreed to pay $9 million to settle a class-action lawsuit that accused the bank of wrongly denying mortgage retail lending employees financial compensation for overtime.
read mortgage industry news article

Best Mortgage Companies for Working Mothers
Among mortgage related companies, a few have been recognized by a magazine for working mothers for how well they treat 'mom'.
read mortgage industry news article

First American Unit Closing
First American Corp. is shutting down a mortgage outsourcing operation in the Midwest, and cutting jobs in the process.
read mortgage industry news article

Harassment Complaint Filed Against Subprime Wholesaler
A subprime wholesaler is accused of ignoring sexual harassment by former female employees -- who also allege fraud.
read mortgage industry news article

Quicken Migrating Southeast
Quicken Loans Inc. is increasing the size of its footprint in Cleveland -- and adding hundreds of high paying mortgage banking positions in the process.
read mortgage industry news article

Best Mortgage Employers for Seniors
The organization that represents America's seniors has ranked the best employers for its members, and there were a few mortgage related entities on the list.
read mortgage industry news article

NovaStar Helps 100s of Delinquent Borrowers Find Jobs
Helping unemployed borrowers in delinquency find jobs has proven to be a "highly effective" loss mitigation strategy for NovaStar Mortgage, which has aided hundreds of borrowers in avoiding foreclosure over the past year.
read mortgage industry news article

1,000 Alt-A Mortgage Jobs Coming to CT
Mortgage Lenders Network USA Inc. will soon build a new headquarters facility in Connecticut in which it plans to accommodate 1,000 new employees.
read mortgage industry news article

Another Record for Mortgage Employment
The number of mortgage jobs continued an unrelenting ascent -- climbing to another all-time high.
read mortgage industry news article

Layoffs in Seattle
A government sponsored enterprise is cutting more than one-fifth of its staff.
read mortgage industry news article

No Experience Required
A company claiming to be a national mortgage brokerage is recruiting anybody it can find. But little is known about the organization behind claims those hired will earn $1,000 a week with just 7 1/2 hours of work.
read mortgage industry news article

Full Spectrum Consolidates Underwriting Unit
Countrywide Financial Corp.'s migration east will impact 65 California employees at its subprime unit -- all who were offered jobs in the Grand Canyon State.
read mortgage industry news article

Net Branch Expanding
A California net branch company is adding jobs and opening a new service center in the San Francisco Bay area, which it anticipates will service around $50 million in monthly production.
read mortgage industry news article

Florida Lender Seeks Originators
The mortgage banking subsidiary of a New York bank is undergoing a Florida expansion, with nearly 100 jobs slated to be added over the next year.
read mortgage industry news article

100's of Processing Jobs Slated for OK, TX
First American's loan processing unit plans to add 800 mortgage jobs in Oklahoma and Texas.
read mortgage industry news article

Mortgage Jobs Set Another Record
Mortgage employment reached a new milestone for the fourth consecutive month.
read mortgage industry news article

Unpaid Net Branch Employees Deny Fraud Accusations
A group of Tampa, Fla., workers twice recently have picketed outside the headquarters of a Clearwater mortgage financing company, saying they haven't been paid for about two months of work. But the company says its reputation is being unfairly smeared.
read mortgage industry news article

NY Trust Adding 100+ Wholesale Jobs
East Coast brokers have another choice for Alt-A programs.
read mortgage industry news article

Broker Sued by LOs Over OT, Minimum Wages
Loan officers in three states have sued an Indianapolis-based mortgage broker over allegations they were not paid minimum wage and overtime compensation.
read mortgage industry news article

Subprime Wholesaler Adding KY Jobs
With its expansion into Kentucky, a Georgia-based subprime wholesale lender will more than double its staff.
read mortgage industry news article

Merger Driving Layoffs at Chase
The home equity lending division of Chase Home Finance will layoff hundreds of employees when it closes the doors to its Houston operation and downsizes a New York office.
read mortgage industry news article

Countrywide Adding Arizona Employees
On its way to reaching its goal of becoming a 100,000-employee company, the country's largest originator plans to add several thousand jobs in the Grand Canyon State.
read mortgage industry news article

Record Mortgage Jobs
The number of people working in real estate finance continued to increase -- again reaching a new milestone.
read mortgage industry news article

More Job Additions at HSBC
The U.S. mortgage subsidiary of London-based HSBC announced, again, employee additions in the Southeast. The new hires will support the servicing operation.
read mortgage industry news article

HSBC Adding Hundreds to Mortgage Staff
HSBC Mortgage Services expects to double its headquarters staff within the next five years, as well as increase call center and wholesale staff, as a result of relocating the headquarters.
read mortgage industry news article

BoA, Countrywide Making Major Acquisitions
Bank of America Corp. announced it will acquire MBNA Corp. in a deal that is expected to result in the reduction of 6,000 employees.
read mortgage industry news article

NovaStar Restructures Wholesale Unit
A shakeup at NovaStar Financial's wholesale lending unit has led to the exit of several managers.
read mortgage industry news article

500 Job Additions Slated for Alt-A Lender
A Connecticut-based Alt-A lender is looking to relocate within the New England region and boost its staff by nearly three-quarters.
read mortgage industry news article

Broker Growing & Hiring
A Virginia mortgage broker, citing success with online and Hispanic lending, has announced it will add more than a hundred positions.
read mortgage industry news article

100s of New Citi Jobs Include Mortgage Servicing
Citigroup will boost servicing staff in Ohio by over 40 percent within the next four months.
read mortgage industry news article

Best Mortgage Employers for MBAs
Nearly 5,000 students from 50 prominent business schools have chosen the most desirable companies to work at -- and a plethora of mortgage-related entities made the list.
read mortgage industry news article

Mortgage Employment Strengthens
Jobs in the mortgage industry continued to climb, again reaching a new record.
read mortgage industry news article

New Century Develops Women Leaders
A senior executive at New Century, who has managed to balance her career with her family, wants to help other women ascend to executive offices at the subprime lender and has done something about it.
read mortgage industry news article

WaMu Ordered to Rehire Whistleblower
The government has told Washington Mutual to rehire and compensate with back wages an executive it fired last year after she questioned the bank's lending practices. But the company disputes her allegations and may appeal the order.
read mortgage industry news article

Builder Adding Mortgage Production Jobs
Pulte Mortgage LLC will create hundreds of new jobs when it opens a new mortgage origination and processing facility in North Carolina.
read mortgage industry news article

Countrywide Settles Massive OT Lawsuit
Preliminary approval has been granted by the Los Angeles County Superior court for the largest mortgage industry hour and wage lawsuit settlement in California -- against the nation's largest mortgage lender.
read mortgage industry news article

Mortgage Jobs Surpass 1/2 Million
Despite mortgage industry production that is well below the record set during 2003, more people were employed in mortgage lending in March than any other month in history.
read mortgage industry news article

Larger Lenders Better Equipped to Attract Top Talent
The findings of a small business survey suggest small mortgage brokers and mortgage bankers may be struggling to attract top talent over larger lenders.
read mortgage industry news article

Home Equity Wholesaler Adds 87 Employees
Citing phenomenal growth in its second mortgage business, a California wholesaler recently added dozens of new jobs.
read mortgage industry news article

Option One is Family Friendly
Option One Mortgage Corp. was commended by a Southern California city for its family friendly workplace.
read mortgage industry news article

Overtime Lawsuits Overwhelm Industry
The industry is taking a pounding from a series of employee lawsuits alleging unpaid overtime. But employers argue that the overlapping of state and federal laws are fueling the claims.
read mortgage industry news article

American Business Financial Calls it Quits
The board of directors of American Business Financial Services Inc. has elected to wind down the operations and liquidate the company -- leaving employees without a job.
read mortgage industry news article

M&A, Secondary Transactions
The latest mergers and acquisitions include a secondary mortgage transaction in the billions that will leave at least 100 people jobless.
read mortgage industry news article

Mortgage Industry Jobs Up in February
More than 7,000 mortgage related jobs were added in February, according to a closely watched report from the government.
read story at MortgageDaily.com

Low Earning Originators Liability for Broker
An Indiana mortgage broker has agreed to pay substantial back wages for originators that weren't paid at least minimum wage.
read story at MortgageDaily.com

InterFirst to Ax Construction Unit
ABN AMRO's wholesale unit plans to close down a construction lending unit -- a move that will cost the unit's employees their jobs.
read story at MortgageDaily.com

More Mortgage Jobs Now than Year Ago
While overall employment rose by the highest level since last fall, mortgage sector jobs continued to descend.
read story at MortgageDaily.com

NovaStar Expands Wholesale Operation
A new wholesale operation in Utah will result in the addition of hundreds of jobs at NovaStar Mortgage.
read story at MortgageDaily.com

Wachovia Adding 100s of Originators
Job hunters along the Eastern sea board should now have an easier time spotting openings -- Wachovia Corp. plans to fill hundreds of loan sales positions this year.
read story at MortgageDaily.com

Spouses Compete for Originations
With more married couples than one might find on the set of the Newlywed Game, a Miami, Fla.-based lender is finding that mortgages and marriages can go hand in hand.
click here to read article

American Residential Adding Hundreds of Jobs
In its transition from a mortgage broker to a mortgage banker, American Residential Funding Inc. announced expansion plans that include the addition of mortgage banking positions and loan originators.
click here to read article

MortgageIT to Expand Subprime Operation
MortgageIT Holdings Inc. plans to open new wholesale subprime branches and add dozens of employee in the process.
click here to read article

BoA Unit Shutting Down
About 150 people will lose their jobs as Bank of America dissolves the outsourcing unit it created nearly two years ago.
click here to read article

Mortgage Jobs Down
In line with disappointing overall employment numbers, mortgage sector jobs trimmed down in December.
click here to read article

Mortgage Industry Outlook
A strong employment forecast isn't expected to spill over into mortgage employment, according to the MBAs chief economist, Doug Duncan -- who expects the industry will see its ranks come down from current record levels.
click here to read article

American Home Claims Bigger Market Share
Fundings, servicing and employee count last year were up from 2003 at American Home Mortgage Investment Corp. While the wholesaler/retailer attributes the impressive performance to a growing market share, surging ARM activity also appears to be related to the rise.
click here to read article

Wholesaler Adding Jobs Across Country
The subprime division of ComUnity Lending plans to more than triple its staff base in multiple states during 2005.
click here to read article

Mortgage Banker Adding 100 Jobs This Year
Global Home Loans and Finance increased its staff by 57 percent last year and has plans to grow by at least another 12 percent in 2005.
click here to read article

Best Mortgage Employers
FORTUNE magazine released it's latest list of the 100 Best Companies to Work For, and the highest ranking mortgage-related company pays its originators an average of $165,000 a year.
click here to read article

Mortgage Job Sector Strengthens
Mortgage jobs were on the rise in November.
click here to read article



SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

sales blog

secondary marketing

social media

servicing news

subprime news

wholesale lenders

wireless mortgage news