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USAA Federal Savings Bank cuts 130 positions in real estate lendingĀ 

Housing Wire

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. In August, the bank issued pink slips to an undisclosed number of employees in human resources, client advising, information technology, according to the outlet.

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Here are the 2022 HousingWire Vanguards!

Housing Wire

Head of Neighborhood and Community Lending. Matic Insurance. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Supreme Lending. Head of Home Lending. Planet Home Lending. Executive Vice President of Retail Lending. Company Name. Aaron King. CEO and Founder.

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WFG reduces time and cost in real estate transactions

Housing Wire

WFG National Title Insurance Company (WFG) is a wholly owned subsidiary of Williston Financial Group and a national title insurance underwriter dedicated to taking time and cost out of real estate transactions.

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Introducing the 2021 HW Insiders

Housing Wire

President of Residential Servicing and Correspondent Lending. Arch Mortgage Insurance Company. Aslan Home Lending. Director of Human Resources. Planet Home Lending. Chris Favilla. Head of Operations. Executive Vice President of Administration. Howard Hanna. David Sheeler. Freedom Mortgage. Davida Stanley.

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These mortgage lenders have cut jobs in 2022

Housing Wire

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bankā€™s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

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Do You Need 20% Down To Buy A Home?

PennyMac

Conventional loans, the most common mortgage type, require Private Mortgage Insurance (PMI) with a down payment of less than 20%. Check with your Human Resources department to see if this is a benefit that is offered. An FHA home loan is a mortgage insured by the Federal Housing Administration. Learn More. Mortgage Type.

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Ex-employee alleges rampant sexual misconduct at mortgage lender EPM

Housing Wire

The lawsuit claims that McCart subsequently filed a report with the companyā€™s human resources. The lawsuit states that, after Moloughney apologized for the alleged assault, he ā€œmade a direct threatā€ to McCartā€™s continued employment at EPM, and directed her to tell no one of the incident.

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