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Fannie Mae faces bias suit after mass firing over fraud

Uncategorized / Ricky Vasquez

Dozens of former Fannie Mae workers are suing their former employer for discrimination, after they were fired en masse in April over fraud allegations.  The 55 plaintiffs filed the suit Monday evening in the U.S. District Court for the District of Columbia. All are U.S. citizens of Indian origin from a variety of departments, and […]

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Rocket to sunset its credit card, confirms 2% workforce cut

Uncategorized / Ricky Vasquez

Rocket Companies announced a strategic move to sunset its credit card Wednesday, with the company opting to focus on goals to grow its homeownership platform instead. An email from Rocket Card sent to customers reveals that on September 8 the card will be discontinued. The firm said that even though it is stepping back from

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Homebuilder profits slip year-over-year in difficult 2Q25

Uncategorized / Ricky Vasquez

The second quarter was a mixed bag for a quartet of publicly traded homebuilders, reflecting the meh 2025 spring home purchase season. All four were profitable, but net income was lower compared with one year prior. The market wasn’t helped by a near 14% drop in the sale of newly constructed properties (on an annualized

Homebuilder profits slip year-over-year in difficult 2Q25 Read More »

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