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Wall Street Journal: The Mortgage Market Is So Bad Lenders Want Ex-Employees to Give Back Their Bonuses

The mortgage industry is notoriously feast or famine, but there’s no obvious way out of this bust. 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.

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