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
Country Club Mortgage to lay off employees, including CEO, and shutter offices
Jan 19, 2024California lender Country Club Mortgage will lay off over 100 employees, including its president and CEO, due to “facility closures.”
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Pennymac issued pink slips to more than 80 staff at year end
Jan 03, 2024 -
RealFi lays off employees without paying salaries, severance: sources
Jan 02, 2024 -
How analysts see 2024 shaping up for mortgage lenders
Dec 26, 2023 -
Dovenmuehle Mortgage to lay off several hundred in Illinois
Dec 21, 2023 -
Defunct FGMC, former employees seek $1.75M settlement on WARN Act suit
Dec 05, 2023 -
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 -
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Sep 25, 2023 -
After hitting a 10-year low, mortgage credit availability improves slightly in August
Sep 12, 2023
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