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Companies like Guild Mortgage, Union Home Mortgage, American Pacific Mortgage and Go Mortgage have been expanding their footprint during a time of great upheaval.
February 27 -
The cuts add to thousands across the home-lending industry in recent months after the Federal Reserve raised interest rates and cooled what had been a red-hot housing market.
February 23 -
Approximately 2,350 full-time employees and contractors — some of whom did mortgage-related work — were let go, according to the credit reporting agency.
February 10 -
The bank was already mulling headcount and compensation reductions in early September.
February 9 -
The reduction of 350-400 roles comes weeks before the Ann Arbor, Michigan-based lender is set to report its fourth quarter earnings.
February 7 -
The California-based wholesale lender also known as RMK Financial Corp. had hired close to a dozen account executives in December but stopped doing business on January 31.
February 3 -
The layoffs were a result of the bank's decision to exit the channel, a spokeswoman confirmed.
February 2 -
The Texas-based company is adapting to "members' needs and changes in the marketplace," which resulted in a scale down in some divisions, a spokesman said.
January 30 -
Despite the reduction from last year, "there are some signs that that production is coming back" in mortgage, the bank's CEO said.
January 25 -
The layoff round, which a spokesperson said represents "less than one quarter of one percent of the roles in the company," comes after Rocket announced a 20-person reduction in the marketing team in early January.
January 23