Country Club Mortgage to lay off employees, including CEO, and shutter offices

Country Club Mortgage, a home lender based in California, has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. “This letter serves to give you an amended 60-day notice of permanent layoffs and facility closures effective Feb. 6, 2024,” Sherry
Read MoreCurrent housing inventory insufficient for aging needs, report says

Despite a documented preference that older Americans have to age in place, the current housing inventory is inadequate to support the needs of an aging population. This is according to a report from MarketWatch in collaboration with Columbia University’s Age Boom Academy.Homes in which people raise
Read MoreloanDepot begins bringing more systems back online after cyberattack

Nonbank mortgage lender and servicer loanDepot has started to restore functionality to some of its technology systems impacted by an early January cyberattack. However, its operations remain impacted as it continues to investigate the incident.On Jan. 18, the company began to restore several impacte
Read MorePatriot Bank to pay $1.9M to settle DOJ’s redlining accusations

Tennessee-based community bank Patriot Bank agreed to pay $1.9 million to resolve allegations from the Department of Justice (DOJ) that it engaged in redlining discriminatory practices.The DOJ alleged that from 2015 through at least 2020, Patriot avoided providing mortgage services to majority-Black
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