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Mortgage Lenders Are Calling Ex-Employees For UNBELIEVABLE Reason

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Mortgage activity is at its lowest level in 30 years, so mortgage lenders are getting desperate. Ana Kasparian discusses on The Young Turks.

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Read more HERE: https://www.wsj.com/finance/banking/the-mortgage-market-is-so-bad-lenders-want-ex-employees-to-give-back-their-bonuses-52e96080

"David Siegel went to work for an affiliate of Guaranteed Rate in 2021 and got a signing bonus of more than $100,000. Interest rates were super low, and mortgage bankers were raking in cash.

Now that business has dried up, the mortgage company wants its money back. He said it fired him one month shy of the date when it could no longer ask for the bonus back, then demanded the money. Guaranteed Rate and its affiliates are also telling hundreds of other former employees that they have to return their signing bonuses, people familiar with the matter said."

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231101__TB02_High_Interest_Rates
Category
Europe
Tags
231101__TB02_High_Interest_Rates, News, Politics
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