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
Wells Fargo lays off 63 mortgage employees in Maryland
Jun 27, 2018Wells Fargo announced its Frederick, Maryland-based office will lose 63 mortgage employees by Aug. 19, according to an article by Holden Wilen for the Baltimore Business Journal. This is the big bank’s second announcement of mortgage layoffs this month.
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Movement Mortgage lays off 100 employees in anticipation of slower growth
May 31, 2018 -
Guaranteed Rate laying off 180 employees, plans to hire 1,500 more
Mar 09, 2018 -
Movement Mortgage after company layoffs: We are not reducing our staff
Feb 20, 2018 -
Growing pains for SoFi? Online lender lays off mortgage staffers
Feb 01, 2018 -
Wells Fargo lays off 60 staff members from mortgage unit
Dec 14, 2017 -
Capital One suddenly exits mortgage and home equity business
Nov 07, 2017 -
HSBC lays off nearly 200 employees in Florida office
Jul 07, 2017 -
PHH laying off more employees in New York
Mar 21, 2017 -
Wyndham Capital Mortgage lays off 20% of its employees
Jan 05, 2017 -
PHH announces layoffs due to HSBC mortgage servicing portfolio loss
Sep 20, 2016 -
Growing pains at Ditech? Company begins layoffs
Jul 25, 2016
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