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
Pennymac plans to lay off another 207 employees
May 23, 2022Pennymac Financial Services will lay off 207 additional employees in June and July following a previous layoff announcement in March.
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Layoffs, again: Fairway is the latest lender to trim workforce
May 19, 2022 -
Finance of America reports a $64M loss in Q1
May 09, 2022 -
Guaranteed Rate’s Owning continues layoffs
May 09, 2022 -
Interfirst to lay off 140 employees
May 02, 2022 -
Mr. Cooper lays off workers as originations nosedive
Apr 29, 2022 -
Union Home Mortgage the latest to trim workforce
Apr 28, 2022 -
Flagstar Bancorp cuts 20% of its mortgage staff
Apr 27, 2022 -
Rocket offers voluntary buyouts to 8% of workforce
Apr 26, 2022 -
Wells Fargo cuts mortgage jobs amid poor outlook
Apr 22, 2022 -
How Blend plans to survive a shrinking mortgage market
Apr 22, 2022 -
Better.com institutes third major layoff
Apr 19, 2022