Recent News and Discussions About Mortage Layoffs
Mortgage Industry Carnage: LoanDepot Lays Off Thousands
https://therealdeal.com/2022/07/12/loandepot-laying-off-thousands/
3 days ago — Direct-to-consumer lender cutting 4,800 jobs … Another lender is resorting to layoffs as the mortgage market shrivels. Tucked in near the end of …
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 …
Mortgage industry stung by more mass job layoffs
https://www.mpamag.com/us/news/general/mortgage-industry-stung-by-more-mass-job-layoffs/411353
Jun 29, 2022 — First Guaranty Mortgage Corp. has become the latest industry player forced to implement layoffs amid market shifts, revealing it will cut …
A cooling housing market means the mortgage industry faces …
https://www.morningbrew.com/daily/stories/a-cooling-housing-market-means-the-mortgage-industry-faces-mass-layoffs
Jun 27, 2022 — But after three rounds of layoffs in the last six months, the company, which had ~10,000 employees in December, now has less than 5,000.
Wyndham Capital Mortgage conducts two layoffs in June
Jul 5, 2022 — Less than a month after Wyndham Capital Mortgage said it would eliminate 40 positions, the company implemented another round of layoffs .
Struggling loanDepot to cut nearly 5000 jobs in 2022
3 days ago — Nonbank lender loanDepot is making what appears to be the largest series of cuts in the mortgage industry this year, eliminating 4,800 jobs …
Plano-based mortgage company is latest to lay off workers as …
https://www.fox4news.com/news/plano-based-mortgage-company-is-latest-to-lay-off-workers-as-mortgage-industry-cools-off
Jun 28, 2022 — First Guaranty Mortgage company is the latest in a long list of lenders which have announced layoffs . The Plano-based company is purging the …
First Guaranty Mortgage files for Chapter 11 after layoffs
https://www.reuters.com/legal/litigation/first-guaranty-mortgage-files-chapter-11-after-layoffs-2022-06-30/
Jun 30, 2022 — Mortgage lender First Guaranty Mortgage Corp filed for bankruptcy in Delaware on Thursday, saying it had laid off 80% of its employees and …
Big banks’ Q2 earnings to shed light on gloomy U.S. mortgage …
https://www.reuters.com/markets/us/big-banks-q2-earnings-shed-light-gloomy-us-mortgage-outlook-2022-07-08/
7 days ago — “Over the next month or two we’ll see the bulk of layoffs ,” said Doug Duncan, chief economist at Fannie Mae, which, along with Freddie Mac, …
Mortgage Layoffs and the Vicious Cycle | HomeUnion.com
This past week we read of massive layoffs by Banks in their mortgage divisions. Between Bank of America, Wells Fargo, and Citigroup about 8400 jobs were …
Frequently Asked Questions
Will there be layoffs in mortgage industry?
Why is Wells Fargo firing mortgage processors?
Can I fire my mortgage lender?
Is Homepoint being sold?