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
Struggling loanDepot to cut nearly 5,000 jobs in 2022
Jul 12, 2022loanDepot, which has been taking the drop in originations on the chin, said it will shed nearly 5,000 jobs in 2022 to return to profitability.
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In retreat, Wells Fargo cuts additional mortgage jobs
Jul 06, 2022 -
New Residential makes another round of layoffs
Jul 06, 2022 -
Wyndham Capital Mortgage conducts two layoffs in June
Jul 05, 2022 -
As FGMC shuts down, lender partners question fate of loans in pipeline
Jun 28, 2022 -
As fundraising environment freezes, power buyer UpEquity cuts staff
Jun 23, 2022 -
JPMorgan Chase to cut hundreds of mortgage jobs
Jun 22, 2022 -
Compass and Redfin make cuts amid volatile market
Jun 14, 2022 -
Wyndham Capital Mortgage plans new round of layoffs
Jun 10, 2022 -
These mortgage lenders have cut jobs in 2022
Jun 06, 2022 -
Mr. Cooper cuts more jobs as origination outlook dims
Jun 03, 2022 -
Keller Mortgage eliminates some operations positions
May 25, 2022