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Flagstar shedding 1,900 workers, but many could land at Mr. Cooper

USA Real Estate News-Inman - Fri, 2024-10-18 14:54
A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company's mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper.

Real estate investors ran $230M Ponzi ploy to recoup shareholders

USA Real Estate News-Inman - Fri, 2024-10-18 14:41
Executives of investment firm iCap ran the scheme from 2013 to 2022, a federal bankruptcy judge ruled this week. They turned to the scheme when their real estate portfolio failed to yield results.
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