The Mortgage Bankers Association is warning lenders of wavering productivity and stubbornly high expenses amid what should be steadily climbing production volume. The trade group’s top economists Sunday at the MBA Annual conference in Las Vegas discussed the macroeconomic headwinds that they suggested shouldn’t dramatically affect new mortgage volume. The economists are anticipating an 8% […]

NEXA Lending is continuing to shake up its leadership by adding Tammy Richards to its team as chief strategy officer. The news follows several other leadership announcements for the Arizona-headquartered company. Most recently, NEXA announced a rebrand from NEXA Mortgage to NEXA Lending. Richards confirmed the news on her LinkedIn page and NEXA CEO Mike

Detroit-based Rocket Companies announced Friday that it has reduced its workforce following the completion of its acquisition of Mr. Cooper Group. The jobs cut will impact less than 1% of its employees. “Following the Mr. Cooper acquisition, we carefully reviewed our combined structure, identified overlapping roles and made the difficult decision to streamline teams,” the