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
loanDepot reports another big loss in Q4 as board fight looms
Mar 08, 2023loanDepot recorded a $610 million net loss in 2022. And the lender’s founder Anthony Hsieh is battling with the board over its future.
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AnnieMac in talks to acquire Family First Funding: sources
Mar 08, 2023 -
Ex-processors sue Family First Funding over unpaid OT
Mar 08, 2023 -
Former LO sues Celebrity over unpaid salaries in class-action lawsuit
Mar 06, 2023 -
Rocket has a plan to drastically cut costs. Does it go far enough?
Mar 03, 2023 -
Translate housing industry skills into your next career move
Feb 24, 2023 -
Divvy Homes reportedly makes another round of layoffs
Feb 17, 2023 -
On Q Financial about Celebrity: “There’s nothing left to acquire”
Feb 15, 2023 -
Struggling mortgage shop Celebrity in M&A talks with On Q Financial: sources
Feb 14, 2023 -
Regulator in Illinois suspends Michael Strauss, Smart Rate licenses
Feb 09, 2023 -
Rithm, in ‘conservative mode,’ delivers $865M profit in 2022
Feb 08, 2023 -
After mortgage lenders shut down, what’s next for loan originators?
Jan 31, 2023