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
Former Employees Sue TBW Over Wrongful Termination
Aug 13, 2009Twenty-five groups of employees laid off by Taylor, Bean & Whitaker mortgage corporation filed a lawsuit against their former employer for a violation of the Worker Adjustment and Retraining Notification Act (WARN), according to a release from the law firm representing the group. The layoffs occurred in the wake of the Federal Housing Administration’s (FHA) suspension of the Florida-based company from originating and underwriting new FHA-insured mortgages.
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Belo Invests $2m in Real Estate Firm
Jul 06, 2009 -
Jobless Claims a Kill-Joy for Housing Progress
May 21, 2009 -
Newly Unemployed Rates Fall, Sort of
Apr 30, 2009 -
Merrill Rumored to be Planning Layoffs, Facing Huge Writedown
Mar 25, 2008 -
Option One to Slash 575 Additional Jobs
Sep 11, 2007 -
Countrywide Cuts 900 Additional Jobs Amid Growing Layoff Speculation
Sep 06, 2007 -
Countrywide Considering Layoffs of 10,000
Sep 04, 2007 -
First American to Cut 1,300 Jobs Amid Housing Downturn
Sep 04, 2007 -
LandAmerica to Lay Off 13 Percent of Workforce in Second Half of 2007
Aug 29, 2007 -
Newsday: American Home Cuts More Jobs
Jul 27, 2007
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