An ongoing feud between loanDepot and NEXA Lending was brought to light again this week through a social media posst authored by NEXA CEO Mike Kortas, which urges loanDepot loan officers to join NEXA. In the post, which begins with the line “Attn: Loan Depot Loan Officers,” Kortas offered a year of NEXA100 membership, a […]
NEXA CEO pitches loanDepot LOs amid ongoing lawsuit Read More »
To be fair, mortgage rates haven’t been far from their long-term highs in over a week, but today’s 30yr fixed index level of 6.83% is functionally equivalent to the actual long-term high of 6.85% seen on July 23rd. Higher rates are driven by weakness in the bond market. The latter can happen for many reasons.
Mortgage Rates Back Near Long-Term Highs Read More »
A California-based mortgage lender is facing a lawsuit after accusations it did not accurately pay employees for time worked. Processing Content San Diego labor law attorneys at Zakay Law Group filed a representative action complaint Monday in San Diego County Superior Court of the State of California against Hometown Equity Mortgage, which does business under
California mortgage lender sued for underpaying employees Read More »