Carrington Recruiting Branches
Carrington Mortgage Services LLC is recruiting existing mortgage branches in an effort to boost next year's home loan originations. New recruits are promised strong marketing support.
Contraction Continues With Mortgage Jobs
While the country as a whole continued to add jobs at a healthy pace, the mortgage sector continued to lose jobs. Mortgage employment was higher, however, on a year-over-year basis.
BofA Cutting Distressed Servicing Jobs
Continued improvement in loan performance has Bank of America Corp. eliminating more positions at California location that handles distressed borrowers.
Per Loan Profits Plunge for Mortgage Lenders
As residential loan originations slid in the third quarter, the bottom line per loan plummeted due in large part to rising per-loan employee costs and dwindling secondary marketing gains. Still, per-loan revenue move higher.
Iowa Employees Impacted by Ocwen Layoffs
A decision by Ocwen Financial Corp. to reduce its mortgage servicing workforce impacts employees in three states, including Iowa.
Pa. Jobs Among Hundreds Eliminated by Ocwen
Several hundred employees were notified by Ocwen Financial Corp. that their positions are being eliminated, including more than 200 in Pennsylvania.
Guild Reports Increased Staffing, Servicing
Although quarterly mortgage production was down at Guild Mortgage Co., the lender increased the size of its servicing portfolio and staff. Since launching operations in South Carolina last year, Guild has seen robust growth in the region.
Carrington Expands Wholesale, Add Employees
An expansion of its wholesale lending channel has Carrington Mortgage Services LLC opening a new office and adding new employees.
Churchill Business, Staffing Down
New quarterly home lending activity was lower at Churchill Mortgage, as was the size of the company's staff.
Over 15,000 Mortgage Jobs Lost in Third Quarter
It was the worst quarter since prior to the financial crisis for mortgage employment, which declined by more than 15,000 jobs. Even bigger losses are ahead.