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.
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These mortgage lenders are making major job cuts as production plummets
Nov 10, 2022Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. We reveal lenders big and small who are dropping headcount.
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Non-QM lender Athas Capital Group ‘bows out like gentlemen’
Nov 07, 2022 -
Nutter Home Loans folds amid reverse mortgage lawsuit filed by DOJ
Oct 31, 2022 -
Clear Capital will lay off 27% of its workforce
Oct 18, 2022 -
Angel Oak Home Loans cuts 15% of its workforce
Oct 10, 2022 -
Lower has a round of layoffs to “weather upcoming rate hikes”
Oct 10, 2022 -
Point Mortgage Corp. exits wholesale channel (for now)
Sep 13, 2022 -
Citi trims mortgage workforce amid reorganization
Sep 06, 2022 -
AmeriSave exits wholesale channel, cuts staff
Sep 02, 2022 -
Real estate startup Reali to shut down
Aug 26, 2022 -
FoA cuts workforce amid company restructuring, market downturn
Aug 02, 2022 -
Cost cutting is the top priority for mortgage lenders
Jul 29, 2022
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