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
Lower has a round of layoffs to “weather upcoming rate hikes”
Oct 10, 2022Ohio-based mortgage lender Lower imposed a round of layoffs last week due to market conditions, affecting 6% of its workforce, according to a spokesperson for the company.
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Home prices are finally starting to fall
Oct 07, 2022 -
Point Mortgage Corp. exits wholesale channel (for now)
Sep 13, 2022 -
Citi trims mortgage workforce amid reorganization
Sep 06, 2022 -
AmeriSave exits wholesale channel, cuts staff
Sep 02, 2022 -
Real estate startup Reali to shut down
Aug 26, 2022 -
FoA cuts workforce amid company restructuring, market downturn
Aug 02, 2022 -
Cost cutting is the top priority for mortgage lenders
Jul 29, 2022 -
The headwinds facing the mortgage industry
Jul 29, 2022 -
Pennymac Financial cuts another 32 jobs in California
Jul 28, 2022 -
Texana Bank to trim workforce in California
Jul 25, 2022 -
Flyhomes lays off 20% of its employees as housing demand falls
Jul 22, 2022
