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
On Q Financial about Celebrity: “There’s nothing left to acquire”
Feb 15, 2023After Celebrity Home Loans laid off 92% of its employees this week and acknowledged major financial troubles, On Q Financial said the deal to acquire some assets has fallen apart.
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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 -
NYCB confirms cuts to retail mortgage channel after acquiring Flagstar
Jan 31, 2023 -
Flagstar Bank makes big cuts to retail mortgage operation
Jan 26, 2023 -
Clear Capital cuts 24% of its workforce in restructuring
Jan 25, 2023 -
Blend cuts workforce, shakes up leadership
Jan 10, 2023 -
North American Savings Bank to shut down consumer direct division 
Jan 09, 2023 -
Housing industry jobs disappearing amid fears of a prolonged recession
Dec 09, 2022 -
Impac faced $13M loss in Q3, slashed 47% of jobs year over year
Nov 11, 2022
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