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
Bank of America to slash 1,000 jobs in Ohio
Aug 30, 2013Bank of America is slashing 1,000 consumer and mortgage banking jobs in Ohio, as the mega bank deals with plummeting refi volumes and a shifting mortgage finance market.
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Layoffs hit 2nd largest U.S. landlord
Aug 26, 2013 -
Servicing space pinched by falling demand, Basel III
Aug 20, 2013 -
Retreat Capital Management to cut 73 North Texas jobs
Aug 20, 2013 -
Loan officers adjust to market changes
Aug 12, 2013 -
Climbing housing market slowed by tepid jobs recovery
Jul 03, 2013 -
ADP job numbers better than expected, jobless claims fall
Jul 05, 2012 -
US adds 133,000 jobs, but is it enough?
May 31, 2012 -
Aurora Bank to lay off 450 Indianapolis employees
Apr 25, 2012 -
Jobless claims rise, dampening signs of economic optimism
Apr 12, 2012 -
Jobless claims fall by 6,000 filings, planned job cuts drop by 27%
Apr 05, 2012 -
Morgan Stanley lays off 680 Saxon workers in May
Apr 02, 2012