Mortgage and Housing Layoffs
Most of America’s largest mortgage lenders have instituted at least one round of layoffs this year. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses in 2022 and 2023.
Latest Posts
Pennymac to close Tennessee office, lay off staff
Jun 23, 2026Pennymac will close its office in Franklin, Tennessee, and lay off staff within its consumer direct lending operations, citing challenging macroeconomic conditions,
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Appeals court temporarily blocks CFPB layoffs, returns case to district judge
Jun 22, 2026 -
Dark Matter’s Vikas Rao on the nature of shifting mortgage work in the era of AI
Apr 17, 2026 -
Dark Matter promotes Vikas Rao to CEO, announces 5% cut to workforce
Apr 16, 2026 -
Summit Funding to lay off staff amid CCM deal
Mar 25, 2026 -
Rocket offers voluntary employee buyouts after Mr. Cooper, Redfin acquisitions
Mar 23, 2026 -
Radian winds down mortgage conduit after exploring a sale
Mar 10, 2026 -
Reported layoffs at Morgan Stanley hit mortgage and wealth management units
Mar 05, 2026 -
Willamette Valley is the latest bank to step away from residential mortgages
Feb 26, 2026 -
CoStar Group cuts jobs amid AI rollout and Homes.com focus
Feb 18, 2026 -
Producing LOs grow their ranks in 2025: RETR
Jan 06, 2026 -
Fannie Mae cuts 62 jobs under FHFA’s push to streamline operations
Oct 31, 2025
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