Bank Of America Mortgage Layoffs

(Reuters) – Bank of America Corp said on Thursday that it was cutting up to 4,200 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad. The layoffs are the latest round of job cuts at major banks as rising mortgage rates cut into demand for refinancing home loans.

Recent News and Discussions About Bank Of America Mortgage Layoffs

A Long List of Mortgage Layoffs, Mergers, and Closures

A Long List of Mortgage Layoffs, Mergers, and Closures

A Long List of Mortgage Layoffs, Mergers, and Closures
US Bank Home Mortgage laid off 200 operations employees March 29, 2022. Charlie May 7, 2022 at 3:43 pm.


Charlotte mortgage lenders brace for layoffs as rates rise

https://www.charlotteobserver.com/news/business/banking/article262078432.html

Jun 6, 2022 — Online mortgage lender Better.com, in its third round of job cuts in a five-month period, laid off an estimated 1,200 to 1,500 employees across …


Wyndham Capital lays off 48 mortgage workers in Charlotte

https://www.charlotteobserver.com/news/business/banking/article262304507.html

Jun 9, 2022 — The layoffs included more than 20 roles in mortgage underwriting, processing, sales and other areas, according to the WARN Notice.


Mortgage Layoffs Surge As Rising Rates Crush Lending Activity

https://www.forbes.com/sites/davidwestenhaver/2022/06/23/mortgage-layoffs-surge-as-rising-rates-crush-lending-activity/

Jun 23, 2022 — According to HousingWire, other mortgage lenders conducting layoffs in 2022 include New Residential Investment Corp. (386 positions), Owning …


These mortgage lenders have cut jobs in 2022 – HousingWire

These mortgage lenders have cut jobs in 2022

Jun 6, 2022 — Most of America’s largest mortgage lenders have instituted at least … one of the nation’s largest banks , had at least 114 layoffs in its …


Layoffs nibbling at mortgage industry as lenders absorb home …

https://www.marketwatch.com/story/layoffs-nibbling-at-mortgage-industry-as-lenders-absorb-home-finance-slowdown-11654797345

Jun 9, 2022 — Some non- bank lenders are starting to lay people off or reduce jobs by attrition in a trend that may continue in 2022. Advertisement. Non- banks …


Mortgage Layoffs Have Started and It Has Dire … – YouTube


Bank of America 3,000 Mortgage Layoffs – Business Insider

https://www.businessinsider.com/bank-of-america-3000-mortgage-layoffs-2013-10

Oct 24, 2013 — Bank of America was recently found liable fraud related to the defective mortgages sold by Countrywide Financial. The cuts will include full …


Bank of America’s layoff of 3000 mortgage workers comes with …

https://www.bizjournals.com/sanfrancisco/blog/2013/10/bank-of-america-mortgage-layoffs.html

Oct 24, 2013 — Bank of America is laying off about 3,000 mortgage workers, who will join the flood of people losing their jobs as higher mortgage rates put …


Bank of America will cut thousands of jobs, including in Texas

https://www.bizjournals.com/dallas/news/2013/10/24/bank-of-america-will-cut-thousands-of.html

Oct 24, 2013 — Bank of America announced 1,200 more job cuts in the mortgage industry with

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