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 Financial cuts another 32 jobs in California
Jul 28, 2022Pennymac Financial laid off another 32 employees, all based in California, ahead of its Aug. 2 earnings call.
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Texana Bank to trim workforce in California
Jul 25, 2022 -
Flyhomes lays off 20% of its employees as housing demand falls
Jul 22, 2022 -
Ex-Sprout employees: no paychecks, no severance and now, no health insurance 
Jul 20, 2022 -
Fix-and-flip lender Kiavi lays off 7% of employees
Jul 14, 2022 -
Struggling loanDepot to cut nearly 5,000 jobs in 2022
Jul 12, 2022 -
In retreat, Wells Fargo cuts additional mortgage jobs
Jul 06, 2022 -
New Residential makes another round of layoffs
Jul 06, 2022 -
Wyndham Capital Mortgage conducts two layoffs in June
Jul 05, 2022 -
As FGMC shuts down, lender partners question fate of loans in pipeline
Jun 28, 2022 -
As fundraising environment freezes, power buyer UpEquity cuts staff
Jun 23, 2022 -
JPMorgan Chase to cut hundreds of mortgage jobs
Jun 22, 2022
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