Tag: mortgage interest rates

Fix-And-Flip Lender Kiavi Lays Off 7% Of It’s Employees

The Fix-And-Flip Lender Eliminated 39 Positions To Ensure It Can Survive Through 2023 Fix-And-Flip lender Kiavi has laid off 7% of it’s employees. Kiavi specializes in fix-and-flip and investor loans. An email sent to employees on Wednesday morning said Kiavi wanted to, “reduce our cost structure and protect the financial health of the company.” Kiavi’s…

By Steve
2 min read

PennyMac Tries To Stop Mass Exodus Of Customers

PennyMac Tries To Stop Mass Exodus Of Customers By Offering 90 Day Rate Locks  PennyMac has launched a product that will freeze mortgage rates for as long as 90 days. The California based lender is hoping to attract attract and retain customers in a volatile economy.  PennyMac has dubbed the program “Lock & Shop.” The…

By Steve
2 min read