January 21, 2019

Fannie, Freddie announce new lending rules as shutdown drags on

The GSEs have imposed reserve requirements on borrowers whose incomes have been impacted by the government shutdown Source: Mortgage Professional America Read the full article here: […]
January 18, 2019

More mortgage job cuts coming, Wells Fargo says

The banking giant slashed more than 5,000 jobs in its home-lending unit last year – and more cuts are on the way Source: Mortgage Professional America […]
January 16, 2019

Mr. Cooper to slash more than 300 mortgage jobs

The nonbank is the latest of several mortgage companies to announce layoffs Source: Mortgage Professional America Read the full article here: Mr. Cooper to slash more […]
January 16, 2019

IBM to slash more than 300 mortgage-servicing jobs

The announcement comes after IBM announced the sale of its servicing subsidiary to Mr. Cooper Source: Mortgage Professional America Read the full article here: IBM to […]
January 14, 2019

Democrats move to protect federal workers from foreclosure

Lawmakers have introduced a bill that would prevent federal workers from being foreclosed on during a government shutdown Source: Mortgage Professional America Read the full article […]