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
Ocwen planning to lay off more than 2,000 mortgage employees
Mar 06, 2019Ocwen Financial plans to reduce its overall workforce by more than 2,000 employees over the course of this year, as the nonbank moves to reduce its costs after its $360 million acquisition of PHH. According to Ocwen, the company has already laid off 700 employees and plans to lay off 1,600 more by the end of the year, for a total reduction of 2,300 employees.
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IBM lays off 310 mortgage servicing staff at Seterus
Jan 16, 2019 -
Mr. Cooper laying off 109 mortgage employees in California
Jan 15, 2019 -
Gateway Mortgage shuttering California branches, laying off dozens
Dec 04, 2018 -
How to improve lending team productivity
Dec 03, 2018 -
Brokers prepare to shake up mortgage lending
Nov 27, 2018 -
loanDepot hires 60 loan officers while reportedly laying off “hundreds”
Nov 16, 2018 -
Wells Fargo eliminating 900 mortgage jobs
Nov 15, 2018 -
WATCH: Movement Mortgage CEO explains recent staff layoffs
Oct 05, 2018 -
Movement Mortgage to lay off 180 employees
Oct 04, 2018 -
USAA Bank plans to layoff 265 employees in November
Sep 21, 2018
