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The Philadelphia-based company will eliminate an undisclosed number of jobs as part of a plan to refocus on core business lines and markets, CEO Thomas Geisel said.

After a selloff toward the end of 2022 when it sought to reduce liquidity risk, the company resumed purchases of whole loans last quarter.

Both tools are currently in use by eligible customers with waitlists open to others who are interested.

The median price slipped 0.2% in February from a year earlier to $363,000, according to the National Association of Realtors.

Alasdair Milton is a managing director in KPMG's healthcare and life sciences strategy practice with over 20 years of experience. He leads the precision medicine offering, with a particular focus in cell and gene therapies. As a trained cancer biologist, he helps clients solve complex business problems that require deep scientific and technical knowledge, and has worked across a multitude of therapeutic areas.

Christine Kachinsky is the U.S. life sciences tax industry leader and a partner at KPMG. She leads teams providing tax and advisory services to several global pharmaceutical companies and serves as one of the firm's subject matter experts with respect to R&D incentives and global incentives for energy and sustainability investments in the form of grants, investment tax and/or other tax credits and deductions.

Lenders and brokers have slashed two-thirds of the positions added since 2020, but the question now is whether reducing staffing to the level seen that year will be enough.

Management provided upbeat commentary both about the period and how the second quarter is progressing.

The popular notion that any downturn this year will be mild by historical standards as firms seek to "hoard" labor is about to be put to the test.

These originators are more than holding their own in a largely male-dominated business.