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
loanDepot reports a $26M loss in Q3, expects lower volumes ahead
Nov 07, 2023loanDepot delivered its sixth consecutive quarterly loss in Q3 2023. But its financials continue to improve as the lender targets profitability in 2024.
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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 -
Redfin looks to experiment with a new brokerage compensation model
Aug 04, 2023
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