Category: mortgage lenders

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

July 13, 2022
Business & MarketsCompanieseconomyhousing affordabilitymortgage lendersreal estatestaff layoffsUSUS NewsUS Real Estate
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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…

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Warranty Deed Versus Quitclaim Deed

May 10, 2022
BrightbudgetingDebt Managementhouse rentalsmortgagemortgage lenderspersonal financequitclaim deedtransferring title
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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….

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