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Is Dan Gilbert Putting Rocket Mortgage On The Auction Block?

Is Dan Gilbert Planning On Selling Rocket Mortgage Amid Plummeting Originations, Layoffs And Talks Of “Industry Consolidations”? There is no doubt that the past year was horrible for Dan Gilbert and Rocket Mortgage. The company saw profits plummet faster than contestants on a Japanese game show. Seriously, Rocket Mortgage has seen their profits plummet 90%…

By Steve
3 min read

Did Accused Fraudster Michael Strauss Start A New Company?

Did Accused Fraudster Michael Strauss Start A Mortgage Company After Abruptly Shutting Down Sprout Mortgage? Did accused fraudster Michael Strauss start a new mortgage company? It appears he has and former Sprout Mortgage employees are pissed. Strauss abruptly shut down Sprout Mortgage in early July. He stiffed his employees out of their last paychecks. Sprout also…

By Steve
3 min read

Keller Mortgage Does Another Round Of Layoffs

Keller Mortgage Does Another Round Of Mass Layoffs. Is The Mortgage Affiliate Of Keller Williams In Trouble? Keller Mortgage conducted its second round of layoffs in 2022. Th company says the cuts were a result of ‘macroeconomic’ conditions. The Ohio-based lender is an affiliate of real-estate franchiser Keller Williams Keller Williams spokesman Darryl Frost confirmed that…

By Steve
2 min read

American Advisors Group Does Another Round Of Mass Layoffs

Reverse Mortgage Lender American Advisors Group Also Known As AAG Does Another Round Of Mass Layoffs Last Week Industry-leading reverse mortgage lender American Advisors Group aka AAG instituted a round of layoffs this week. This is the second round of mass layoffs since June. Unfortunately, AAG representatives for the company declined to comment. Current and…

By Steve
2 min read

Lender Implode 2.0

Lender Implode 2.0 – The Latest List Of Lender Implosions And Layoffs. This List Is Updated Daily! Lender Implode 2.0 tracks the mortgage lenders who have imploded or are showing the signs of imploding. The list also contains the companies that have had mass layoffs or imploded into bankruptcy. The list will be updated as…

By Steve
2 min read