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
Defunct FGMC, former employees seek $1.75M settlement on WARN Act suit
Dec 05, 2023The now defunct FGMC and former employees are asking a Delaware bankruptcy judge to settle a WARN Act lawsuit for $1.75 million.
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loanDepot reports a $26M loss in Q3, expects lower volumes ahead
Nov 07, 2023 -
Ex-employee files class-action lawsuit against Guaranteed Rate for unpaid wages
Oct 31, 2023 -
PNC lays off staff as it focuses on cutting expenses
Oct 11, 2023 -
First Savings Bank to cut 100-plus mortgage jobs across multiple states
Oct 04, 2023 -
Better conducts layoffs just weeks after going public
Sep 25, 2023 -
After hitting a 10-year low, mortgage credit availability improves slightly in August
Sep 12, 2023 -
Divvy Homes conducts third round of layoffs
Sep 12, 2023 -
Guaranteed Rate conducted two rounds of layoffs this month
Aug 23, 2023 -
Vishal Garg unveils Better’s new strategy as a publicly traded company
Aug 23, 2023 -
RE/MAX lays off 7% of staff in reorg
Aug 21, 2023 -
The average IMB lost $534 per loan in Q2, a big improvement from Q1
Aug 17, 2023