Bankers sue Rocket for allegedly failing to pay overtime wages

By: ameer@trustedteam.com

Former bankers at Rocket Mortgage have filed a class-action-seeking lawsuit that claims the lender failed to fully compensate their overtime wages, a violation of the Fair Labor Standards Act....

Read More

Former Athas Capital employees finding new homes

By: ameer@trustedteam.com

Employees from defunct Athas Capital Group are being actively swept up by other non-qualified mortgage lenders.In recent weeks over a dozen former workers from the Calabasas Hills, California-headquartered company...

Read More

loanDepot targeted by lawsuit alleging poor work conditions 

By: ameer@trustedteam.com

Mortgage lender loanDepot recently became the target of a lawsuit filed by a group of former California employees who have complaints about the company’s work conditions.   The lawsuit was filed...

Read More

Industry vet lobbies for change to reverse mortgage counseling law

By: ameer@trustedteam.com

Massachusetts is the only state in the country that has a legally-mandated in-person counseling requirement — a result of lawmakers and consumer advocates’ push to increase transparency between mortgage...

Read More

New years resolutions from across the housing industry

By: ameer@trustedteam.com

Happy New Year to everyone in the housing industry! Creating a realistic and inspiring new years resolution for your business can be a creative way to goal set in...

Read More

AmeriFirst Financial stopped funding loans in December

By: ameer@trustedteam.com

AmeriFirst Financial is closing shop, an executive from the Mesa, Arizona-based company confirmed. Many of its employees are said to be heading over to American Pacific Mortgage.The lender stopped...

Read More

Mortgage and refinance rates today, Jan. 6, 2023

By: ameer@trustedteam.com

Today’s mortgage and refinance rates Average mortgage rates rose moderately yesterday. Markets were worried that today’s employment figures would be better (worse for those rates) than they’d previously expected. But...

Read More

Current HELOC rates in 2023: HELOC rates vs. mortgage rates

By: ameer@trustedteam.com

Are today’s HELOC rates worth it? Home equity line of credit (HELOC) rates tend to be higher than standard mortgage rates. So why are more homeowners choosing HELOCs over...

Read More

Virgin Money debuts resi and BTL products, cuts rates by up to 93bps

By: ameer@trustedteam.com

Virgin Money has launched several new residential and buy-to-let mortgage products, while cutting rates on other offers. The lender debuts exclusive purchase deals, with £1,000 cashback and free valuation, which...

Read More