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The firm said it would still originate and service loans out of the office where the cost-cutting measures will occur.

Jan Davis has been named acting president of the technology standards organization as the Mortgage Bankers Association conducts a search for a permanent replacement.

The laws dictating advance notice of mass terminations include various exemptions for employers and suggest employees seek any recourse through legal action.

The cut occurred across departments and included the dismissal of the company's head of mortgage.

A new state study suggests that mortgage lenders are putting up barriers to home ownership among people of color.

The company reported a net loss of $84.1 million in the third quarter and blamed the performance on interest rate hikes, inflation and supply chain woes.

Wells Fargo cut hundreds more mortgage employees Thursday, the latest in a series of reductions across the industry after higher interest rates brought the pandemic-era home-lending boom to halt.

The layoffs at the lender's Houston, Texas headquarters caught many by surprise as upper management informed employees in October that they had enough resources to weather the market conditions.

The homeownership gap between Black and white populations has widened in the years since the Great Recession, putting obstacles in the way of achieving wealth for a large percentage of Americans. How did we get here, and what do the housing and home lending industries need to do to change the current course?

Nonprofit housing developer James Armstrong shook hands with West Dallas residents and some of the city's top brass on an empty field where a rare deal was done.