Category: mortgage lenders

LoanDepot to Lay Off 2,000 Workers Following Mortgage Market Slowdown

California-based mortgage lender LoanDepot has announced that it intends to lay off thousands of workers as the company deals with “rapidly changing market conditions.” LoanDepot is aiming to generate about $375 million to $400 million in “annualized savings” by the end of 2022 by adopting measures like headcount reduction, the company said in a July…


Warranty Deed Versus Quitclaim Deed

Dear Monty: We want to give our son a quitclaim deed to our house, which he rents from us. We still have a mortgage of $117,000 on the home. What is our obligation in this transition? Monty’s Answer: There are several steps that must be taken before you can quitclaim your home to your son….