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.
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Flagstar Bancorp announces mass layoff
Jan 16, 2014The Detroit-based bank, which is no stranger to change, said the reduction is expected to create annualized cost savings of $40 million for the company. The announcement arrives as the firm escapes legacy mortgage issues and refocuses on its future.
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3 key takeaways from JPMorgan earnings call
Jan 15, 2014 -
Financial sector continues bleeding jobs
Jan 09, 2014 -
California mortgage jobs market takes a hit
Nov 19, 2013 -
How deep are the layoffs in mortgage firms?
Nov 04, 2013 -
Mass mortgage layoffs hit Wells Fargo units in North Texas
Oct 21, 2013 -
SunTrust eliminates 800 jobs nationwide
Oct 18, 2013 -
Workers staying in place is a bad sign for housing
Oct 07, 2013 -
Housing recovery is a distant delusion
Sep 11, 2013 -
Layoffs projected to dwindle as economy improves
Sep 11, 2013 -
Bank of America slashes 2,100 jobs
Sep 09, 2013 -
Employers announced 50,462 layoffs in August
Sep 05, 2013