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 cutting 10% of U.S. workforce
Sep 24, 2015As part of its previously announced cost-cutting initiative, Ocwen Financial announced Thursday that it intends to reduce the size of U.S. workforce by 10%. And while it was not an easy decision for the servicer to make, the CEO said it was necessary to ensure long-term success.
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Wells Fargo lays off 182 mortgage team members
Sep 17, 2015 -
JPMorgan Chase reportedly laying off 5,000 employees
May 28, 2015 -
Bank of America cuts 116 North Texas employees
Feb 24, 2015 -
Bank of America slashes another 250 employees
Feb 16, 2015 -
Bank of America to cut hundreds of legacy servicing staff
Feb 04, 2015 -
Trulia just laid off Market LeaderÕ president and several senior execs
Jun 04, 2014 -
Financial sector cuts finally stabilize
May 01, 2014 -
Flagstar posts big loss in shrinking mortgage market
Apr 22, 2014 -
JPMorgan plans 8,000 layoffs
Feb 25, 2014 -
Flagstar Bancorp announces mass layoff
Jan 16, 2014 -
3 key takeaways from JPMorgan earnings call
Jan 15, 2014
