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
Rocket, Movement and Angel Oak adjusting to this market
Apr 08, 2022On today’s episode, Editor in Chief Sarah Wheeler talks with Managing Editor James Kleimann about how big lenders are dealing with lower volumes and rising rates. The two discuss Rocket’s guarantee to close in 15 days, Movement’s layoff and Angel Oak’s 30-day rate lock. Articles related to this episdoe:ˆ Rocket promises brokers 15-day loan closings […]
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Better.com to employees: Please quit
Apr 07, 2022 -
Movement Mortgage lays off 170 employees
Apr 04, 2022 -
Knock raises $220M, lays off 46% of workforce
Mar 15, 2022 -
The layoffs at Better.com and getting a mortgage at Walmart
Mar 10, 2022 -
Layoffs, again: Better.com to ax 3,000 employees
Mar 08, 2022 -
Interactive Mortgage to lay off 51 amid heavy losses
Feb 25, 2022 -
NewRez lays off 386 following Caliber acquisition
Feb 08, 2022 -
Santander to begin laying off mortgage employees
Feb 07, 2022 -
Stearns Lending to lay off 348 workers
Jan 24, 2022 -
Consumer direct mortgage lender lays off 35 LOs
Jan 07, 2022 -
Opinion: Mortgage industry will shed 100K jobs this year
Jan 05, 2022
