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
Rocket-Redfin deal sparks uncertainty over Bay Equity’s future
Apr 28, 2025Overlooked in the deals for Redfin and Mr. Cooper is the fact that Rocket is picking up a distributed retail lender that did $4.5 billion in originations last year. We explore the giant’s potential plans for Bay Equity.
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Inside the Trump administration’s plans to gut the CFPB
Apr 21, 2025 -
The CFPB fires 90% of staff, turns away from supervision
Apr 17, 2025 -
Fannie Mae fires over 100 employees, citing unethical conduct
Apr 08, 2025 -
NAR eliminates 61 positions in cost-cutting move
Mar 28, 2025 -
FHFA staff cuts coincide with Freddie Mac’s return to full-time office work
Mar 20, 2025 -
Redfin to lay off 450 employees in its rental division
Feb 12, 2025 -
Redfin lays off 46 employees
Jan 10, 2025 -
Ally Financial closes mortgage origination business
Jan 08, 2025 -
TRG conducts layoffs focused on Doma employees, sources say
Dec 16, 2024 -
Flagstar Bank lays off 700 with more to depart after asset sale to Mr. Cooper
Oct 18, 2024 -
Redfin’s latest layoff round hits brokerage services biz
Aug 22, 2024
