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
Foreclosure threat grows as COVID-19 surges, Fed says
Jul 06, 2020The danger of mortgage forbearances turning into foreclosures is rising as COVID-19 infections surge in the U.S., according to the Federal Reserve Bank of Atlanta.
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Number of unemployed Americans falls below 20 million
Jun 25, 2020 -
Airbnb cuts about 25% of its global workforce
May 05, 2020 -
Opendoor’s Erica Galos Alioto on leading through layoffs
Apr 23, 2020 -
Here’s what unemployed Realtors should do next
Apr 13, 2020 -
UWM CEO Mat Ishbia promises no layoffs during coronavirus slowdown
Apr 09, 2020 -
Compass lays off 15% of its staff as coronavirus hits real estate hard
Mar 24, 2020 -
Goldman Sachs claims a staggering 2.25 million people just lost their jobs
Mar 20, 2020 -
Freedom Mortgage laying off 171 mortgage servicing employees
Mar 02, 2020 -
Mr. Cooper shuttering Oregon office, laying off 301 employees
Jan 29, 2020 -
Santander Bank exiting third-party mortgage origination business
Aug 22, 2019