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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Wells Fargo expects to cut as many as 26,500 jobs in the next 3 years
Sep 20, 2018It’s been a rough few years for Wells Fargo and the next few years won’t be much better, for as many as 26,500 of the bank’s employees. That’s because the bank announced Thursday that it expects to see a reduction in headcount of as much as 10% of the company’s workforce in the next three years. The company currently has approximately 265,000 employees, meaning as many as 26,500 could be out of a job by 2021.
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HOT or NOT September: What’s trending in housing right now
Sep 04, 2018 -
Wells Fargo to lay off 638 mortgage lending employees
Aug 24, 2018 -
Ditech Financial to close South Dakota call center
Aug 16, 2018 -
Trump administration to cut 40 government finance employees
Aug 08, 2018 -
Capital One to lay off another 286 employees
Aug 01, 2018 -
Texas-based mortgage call center unexpectedly closes doors
Jul 27, 2018 -
Mortgage lender HomeStreet shuts offices, lays off more than 100 full-timers
Jul 26, 2018 -
[Exclusive] The Money Source abruptly lays off 60 people
Jul 02, 2018 -
Wells Fargo lays off 63 mortgage employees in Maryland
Jun 27, 2018 -
Movement Mortgage lays off 100 employees in anticipation of slower growth
May 31, 2018 -
Guaranteed Rate laying off 180 employees, plans to hire 1,500 more
Mar 09, 2018
