Impac Mortgage Holdings Fires 47 Percent Of It’s Employees

Impac Mortgage Holdings Fires 47% Of Its Employees After Posting $13 Million Loss In 3rd Quarter Of 2022 Impac Mortgage Holdings had a $13 million loss in the third quarter of 2022. This is leading leadership to adopt a defensive posture. They need to try and navigate one of the most challenging markets in decades. …

Ginnie Mae Gives 2 Lenders The Boot For VA Loan Churning

Ginnie Mae Gives NewDay USA and Nations Lending The Boot After Accusations Of VA Loan Churning Ginnie Mae is following through with its threats to punish lenders for aggressively targeting servicemembers and military veterans. The GSE threatened lenders with expulsion from its primary mortgage bond program if the lenders do not address their abnormally high complaints of predatory lending and …