“Explosive” job growth raises the likelihood of another rate hike

By: ameer@trustedteam.com

Job growth is usually celebrated as a sign of a strong economy, but it’s not the kind of thing the Bank of Canada wants to see as it struggles...

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Purchase lock counts drop to 9-year low as Fed signals more rate hikes

By: ameer@trustedteam.com

The Federal Reserve‘s signals indicating further rate hikes for 2023 appear to have scared buyers away from the market in December. Last month tallied the fewest purchase lock counts...

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“Old school marketing doesn’t give you the ROI”

By: ameer@trustedteam.com

“Old school marketing doesn’t give you the ROI” | Mortgage Professional

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Should more employers look to the gig economy?

By: ameer@trustedteam.com

Employers could easily post for a job in a gig market platform, set the pay rates and other parameters and then say, “We’re not willing to pay anything less...

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Build-for-rent is a bet on the ‘new normal’ housing market

By: ameer@trustedteam.com

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Construction starts in...

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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....

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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...

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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...

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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...

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