Real Estate Broker/Agency News

Mid America Mortgage rebrands to Click n’ Close

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations.  Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

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American Financial Network to pay $1M fee to resolve fraud allegations

Brea, California-based direct lender American Financial Network will pay about $1.04 million to resolve allegations that it fraudulently originated government-backed mortgage loans insured by the Federal Housing Administration (FHA). The settlement agreement announced by the United States Attorney for the Eastern District of Washington on Tuesday puts an end to

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PIMCO-backed FGMC lays off most staffers

Mortgage lender First Guaranty Mortgage Corporation cut about 80% of its workforce on Friday and has stopped accepting new mortgage applications, HousingWire has learned. Former employees said the lender has “essentially shuttered.” According to two former FGMC employees, the company on Friday laid off around 500 employees without severance payment, meaning

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Nominations for HW Insiders Close Today!

For the seventh year, HousingWire is recognizing the operational all-stars of housing with the HW Insiders award. Each year, this award spotlights the individuals who have a huge impact behind-the-scenes within their organizations — through operations, product development, hiring, marketing campaigns, or improving efficiency. Honorees like 2021 HW Insider Amanda

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HW+ Member Spotlight: Ben Bernstein

This week’s HW+ member spotlight features Ben Bernstein, director at Axonic Capital, an investment firm with a deep focus on the structured credit sector of the financial markets. Prior to that, Bernstein held leadership roles in Odeon Capital Group and JPMorgan Chase. Below, Bernstein answers questions about the housing industry: HousingWire: What is your

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