Mortgage Biz
On June 24, Plano lender First Guaranty Mortgage notified more than 400 of its employees during a virtual call that they no longer had jobs at the company. According to the company’s WARN Act filing with the Texas Workforce Commission, the mass layoff was the result of “significant operating losses and cash flow challenges due…
As the nation’s economy unravels from the effects of Covid-19, here’s some good news: At least one major bank is offering consumer and small business clients mortgage relief and other consumer-friendly breaks. HousingWire reported late Thursday that Bank of America is offering clients a mortgage deferral program on loans in the bank’s portfolio: Bank of…
Alert the press (already did), Hayden Hodges has moved. Formerly with Cornerstone Mortgage, Benchmark Bank and most recently, Caliber Mortgage, Hodges is now with US Bank. Wait, they bank here in Texas? As a matter of fact, they do. They’re moving into Texas and starting with mortgage lending. Hodges was hired to build the team…
Remember the Great Recession and resulting cascade of foreclosures that exposed lax mortgage practices highlighted by the poster-child of “robo-signing”? At the center of it all was MERSCORP Holdings, Inc., and their confusingly-named MERS System and Mortgage Electronic Registration Systems, Inc. Earlier this month, Intercontinental Exchange (the other ICE) acquired the remaining minority stake in…
There’s so much to learn if you’re a first-time home buyer, especially when it comes to mortgages. Our most-trusted mortgage expert, Bob Johnson (AKA BobMortgage), is hosting an exclusive home buying event that will educate your buyer clients on all of the important changes to the industry and how to make the most of their…
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