OceanFirst exits mortgage business, hands origination to Embrace
OceanFirst is exiting mortgage origination, laying off 114 employees, and shifting focus to commercial banking while partnering with Embrace for residential lending in 2025.
Caliber fined $2.3M for overcharging California borrowers
Caliber settled with regulators, paying $1.8 million and refunding over $550,000 to California customers for irregularities in their lending practices.