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
After mortgage lenders shut down, what’s next for loan originators?
Jan 31, 2023When looking for new lenders, the mortgage product mix, compensation, speed and cultural fit are all factors to consider, LOs say.
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NYCB confirms cuts to retail mortgage channel after acquiring Flagstar
Jan 31, 2023 -
Flagstar Bank makes big cuts to retail mortgage operation
Jan 26, 2023 -
Clear Capital cuts 24% of its workforce in restructuring
Jan 25, 2023 -
Lenders react to LLPA fee changes
Jan 25, 2023 -
Rocket and loanDepot face lawsuits from workers
Jan 11, 2023 -
Blend cuts workforce, shakes up leadership
Jan 10, 2023 -
North American Savings Bank to shut down consumer direct division 
Jan 09, 2023 -
Housing industry jobs disappearing amid fears of a prolonged recession
Dec 09, 2022 -
Impac faced $13M loss in Q3, slashed 47% of jobs year over year
Nov 11, 2022 -
These mortgage lenders are making major job cuts as production plummets
Nov 10, 2022 -
Non-QM lender Athas Capital Group ‘bows out like gentlemen’
Nov 07, 2022
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