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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.
May 5
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Other positions are being eliminated nationwide, with just 50 to 60 people remaining to manage the company's mortgage servicing rights.
April 20
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The company counts nearly 2,000 employees on LinkedIn, and operates two wholesale divisions alongside the impacted retail channel.
April 3
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The mega-lenders headcount was 5,194 at the end of the fourth quarter
March 16
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The disclosures follow full year and fourth quarter earnings reports in which each company revealed big declines from booming performances in 2021.
March 3
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The cuts amount to less than 1% of Citigroup's 240,000-person workforce, according to people familiar with the matter.
March 2
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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
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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
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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
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The bank was already mulling headcount and compensation reductions in early September.
February 9
