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Wells Fargo Lays Off Hundreds More Mortgage Pros Wells Fargo has conducted another round of layoffs to its mortgage division, jettisoning hundreds of employees. So reports Bloomberg.
Mortgage Slump: Chance for Lenders to Catch Up on Tech? Many mortgage lenders already own technology that they aren’t using and they are ready to take control of it now that origination volumes are past their COVID-19-era heights, one pundit has observed. So reports Mortgage Orb.
Lawyer, Developer Plead Guilty to $3.5M Mortgage Fraud An attorney and a real estate developer from New Jersey have each admitted to conspiring to orchestrate a mortgage fraud scheme that caused a lender, Fannie Mae and insurers to lose more than $3.5 million. So reports My Central Jersey.

Wells Fargo Lays Off Hundreds More Mortgage Pros Wells Fargo has conducted another round of layoffs to its mortgage division, jettisoning hundreds of employees. So reports Bloomberg.
Mortgage Slump: Chance for Lenders to Catch Up on Tech? Many mortgage lenders already own technology that they aren’t using and they are ready to take control of it now that origination volumes are past their COVID-19-era heights, one pundit has observed. So reports Mortgage Orb.
Lawyer, Developer Plead Guilty to $3.5M Mortgage Fraud An attorney and a real estate developer from New Jersey have each admitted to conspiring to orchestrate a mortgage fraud scheme that caused a lender, Fannie Mae and insurers to lose more than $3.5 million. So reports My Central Jersey.
Better.com Quietly Conducts Yet Another Layoff Round: Report Better.com has extended its string of layoffs, letting 240 staffers go on November 4, according to a source. So reports TechCrunch.
American Financing Lays Off Most of Workforce at Colorado HQ American Financing Corporation has notified almost two thirds of what staff it has left that they are being let go. So reports the Denver Post.

United Wholesale Mortgage Expands Buydown Options United Wholesale Mortgage has expanded buydown options, building on a trend of lenders offering home buyers concessions. So reports RealTrends.
Reverse Mortgage Funding Files for Bankruptcy Reverse Mortgage Funding has filed for Chapter 11 bankruptcy, joining the ranks of companies felled by rising mortgage rates. So reports Bloomberg.

Wells Fargo Lays Off Hundreds More Mortgage Pros Wells Fargo has conducted another round of layoffs to its mortgage division, jettisoning hundreds of employees. So reports Bloomberg.
Mortgage Slump: Chance for Lenders to Catch Up on Tech? Many mortgage lenders already own technology that they aren’t using and they are ready to take control of it now that origination volumes are past their COVID-19-era heights, one pundit has observed. So reports Mortgage Orb.

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United Wholesale Mortgage Expands Buydown Options United Wholesale Mortgage has expanded buydown options, building on a trend of lenders offering home buyers concessions. So reports RealTrends.
Reverse Mortgage Funding Files for Bankruptcy Reverse Mortgage Funding has filed for Chapter 11 bankruptcy, joining the ranks of companies felled by rising mortgage rates. So reports Bloomberg.
Mortgage Rates Fall for a Third Straight Week U.S. long-term mortgage rates have declined for a third consecutive week as inflation fears eased. So reports the Associated Press.

United Wholesale Mortgage Expands Buydown Options United Wholesale Mortgage has expanded buydown options, building on a trend of lenders offering home buyers concessions. So reports RealTrends.
Reverse Mortgage Funding Files for Bankruptcy Reverse Mortgage Funding has filed for Chapter 11 bankruptcy, joining the ranks of companies felled by rising mortgage rates. So reports Bloomberg.
Mortgage Rates Fall for a Third Straight Week U.S. long-term mortgage rates have declined for a third consecutive week as inflation fears eased. So reports the Associated Press.
Does $1M Conforming Limit Help or Harm Affordability? The housing industry has been debating whether a recent move by the Federal Housing Finance Agency to raise the top conforming loan limit to more than $1 million will help make homes more affordable for buyers. So reports CNN.
Bodnar of MMG: Takeaways from the Jobs Report and Fed Chair's Speech The speech from Fed Chair Jerome Powell and the recent Jobs Report are dominating the financial markets.