As Nicole Oge, Richard Jordan and Andrew Wachtfogel sought to start fresh, Oren and Tal Alexander allegedly threatened legal action if they were to be voted out of the firm, The Real Deal reported. The Alexanders deny the allegation.
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The Fed doesn’t have direct control over mortgage rates, but they’ve been coming down as investors are increasingly convinced that policymakers will be cutting rates at their three remaining meetings this year.
Shares in the cloud banking solutions developer are down 14% after the company says the mortgage technology business it acquired for nearly $1 billion in 2022 has been a drag on growth but is expected to pick up.
Victims have been cheated out of hundreds of thousands of dollars overnight, with imposters also gaining access to borrowers’ sensitive personal information.