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
Blend cuts workforce, shakes up leadership
Jan 10, 2023Blend is reducing its U.S. workforce by 28% as it moves to a “platform” business model. Tim Mayopoulos is also stepping down as president.
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North American Savings Bank to shut down consumer direct division 
Jan 09, 2023 -
Housing industry jobs disappearing amid fears of a prolonged recession
Dec 09, 2022 -
Impac faced $13M loss in Q3, slashed 47% of jobs year over year
Nov 11, 2022 -
These mortgage lenders are making major job cuts as production plummets
Nov 10, 2022 -
Non-QM lender Athas Capital Group ‘bows out like gentlemen’
Nov 07, 2022 -
Nutter Home Loans folds amid reverse mortgage lawsuit filed by DOJ
Oct 31, 2022 -
Clear Capital will lay off 27% of its workforce
Oct 18, 2022 -
Angel Oak Home Loans cuts 15% of its workforce
Oct 10, 2022 -
Lower has a round of layoffs to “weather upcoming rate hikes”
Oct 10, 2022 -
Home prices are finally starting to fall
Oct 07, 2022 -
Point Mortgage Corp. exits wholesale channel (for now)
Sep 13, 2022
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