Tag: mortgage industry layoffs
New York Community Bank Is ‘Restructuring’ Mortgage Operations
New York Community Bank Says It Will Eliminate 69% Of It’s Mortgage Lending Offices After Merger With Flagstar Bank New York Community Bank announced Tuesday it is “restructuring” its mortgage operations. Insiders translate that as the bank closing over two-thirds of it’s mortgage lending offices. The also announcement comes after NYCB completed it’s merger with…
First Internet Bank Closing It’s Consumer Mortgage Business
First Internet Bank Decides To Close It’s Consumer Mortgage Business After Facing Steep Declines In Origination Volume First Internet Bank is shutting down its consumer mortgage business. The Indiana based lender claims its due to a steep decline in mortgage volumes. The company also said the negative outlook for mortgage lending also contributed to the decision. First…
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…
Sprout Mortgage To Shut Their Doors
Sprout Mortgage Is The Latest Lender To Implode Due To Current Economic Conditions Sprout Mortgage is shutting its doors according to multiple employees. The company informed employees on Wednesday. The company informed the more than 300 workers of the shut down in a conference call on Wednesday. Sprout had already instituted several rounds of job…