FHA Changes; NY, WV, and NJ Lending Updates


Posted To: Pipeline Press

“These businesses are in a structurally disadvantaged position, given the challenging rate environment and marketplace,” Sanjiv Yajnik, president of financial services at Capital One, said in a memo to employees. “These factors do not allow us to be both competitive and profitable for the foreseeable future.” Capital One of Plano, TX is shutting down its mortgage & home equity operations and a call center. Depending on the report, 950 to 1,100 employees will be filing unemployment in time for the holidays. Of course, the news spawned rumors like, “Do you think that XXX will shut down its correspondent group with them losing their warehouse line because of the parent company going bankrupt?” FHA Developments FHA’s Electronic Appraisal Delivery Integration and Production…(read more)

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