Byusnewsr1-

Nov 16, 2022

Mortgage lenders vie to be ‘last man standing’ as rates soar

Mortgage lenders vie to be ‘last man standing’ as rates soar

By Max Reyes and Paige Smith | Bloomberg
In the wake of the last housing crash, online lenders came to dominate the mortgage market. Those firms are now struggling to survive the latest downturn, with soaring interest rates hurting home sales and refinancing demand.
Better, the beleaguered mortgage provider that’s cut roughly two-thirds of its workforce, is poised to eliminate even more jobs.…

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