Loan officer poaching and what to expect from the Fed

In today’s episode, HW Media Editor Chris Clow sits down with Managing Editor James Kleimann to talk about the legal action being taken by one lender against another for allegedly poaching loan officers. They also discuss how higher rates have led to a decline in purchase applications and how a rise in purchase rates could herald a tightening of monetary policy by the Federal Reserve.

Articles related to this episode:

• loanDepot sues CrossCountry for “poaching” high-performing LOs in New York
• Higher mortgage rates, economic uncertainty behind declining home purchase applications
• Purchase mortgage rates rise ahead of Federal Reserve meeting

HousingWire Daily examines the most compelling articles reported across HW Media. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted by the HW team and produced by Elissa Branch and Dalton Johnson.