Countrywide Financial Corp., Calabasas, Calif., said late Wednesday that it had laid off 900 workers across the United States, most of whom worked in production-related jobs.Earlier this week MortgageWire reported that the company was contemplating layoffs of between 7,000 and 10,000. Last month Countrywide, the nation's largest lender, cut 500 workers in its subprime division. The company has exited that business for now, concentrating instead on government-sponsored enterprise mortgages and loans insured by Ginnie Mae. Meanwhile, the publicly traded lender has rescheduled its annual Investor Forum from Sept. 5 and 6 to Nov. 12.
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The law, which went into effect in late 2025, led MBA lawyers to call New Jersey "the most expansive and aggressive disparate-impact regime in the nation."
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Fannie Mae seller guide update SEL-2026-08 includes a definition of present, residential and subordinate use cases in the new context of highest and best use.
6h ago -
Bob Marseilles joined Evergreen Moneysource to get the wholesale unit going following starting the TPO unit for First Tech Federal Credit Union.
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Along with a 25% increase in production, Vishal Garg's scheme aims for monthly revenue growth of $7 million and a reduction of cash burn from $4 million to $0.
September 4 -
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
September 4 -
eXp World Holdings, the parent company of eXp Realty, and Kind Lending ended their mortgage joint venture, Success Lending, it was reported Wednesday.
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