Better.com’s dream of becoming a public company is on shaky ground these days. Events of the past week include a large layoff conducted over Zoom and the CEO apologizing after making disparaging remarks about those he cut.
A mortgage company’s best chance at being heard in policy matters is to target the same four themes the Biden administration is using to drive policy decisions.
The mortgage production cycle is starting to turn, so that means a reduction in headcount. But based on third-quarter results from a handful of public shops, the trimming has been light thus far. (Includes data chart.)
Some non-agency lenders are sticking with the older QM standards due to concerns about liability tied to income and employment verification requirements under the newer, more lenient QM standards.