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Loan officers, processors and closers were impacted, a source said. What remains is a "skeleton crew" to run operations.
November 22 -
The New York-based startups also undertook large headcount reductions in the spring.
November 21 -
Those left unemployed say lenders have in some cases cut off critical health insurance retroactively or denied severance or an earned PTO payout. Meanwhile, three firms are accused of skirting WARN disclosures providing advance notice of mass terminations.
November 17 -
Redfin Corp. is shuttering its iBuying business and laying off workers for the second time in almost five months, as the likelihood of a prolonged U.S. housing slowdown continues to ripple through the industry.
November 10 -
The most recent cuts bring the company's total headcount reduction to over 1,000 employees this year.
November 3 -
The firms trimming payroll include lenders, a mortgage insurance giant, an iBuyer and an online notarization software provider.
November 2 -
Opendoor Technologies Inc. is laying off about 550 employees after higher mortgage rates cratered U.S. housing demand.
November 2 -
The Connecticut mortgage vendor announced that after an exhaustive process of evaluating all options, it has decided to "cease doing business."
November 1 -
Lender Finance of America, which reported steep losses in the first half of the year, is also reportedly mulling a massive staff reduction.
October 21 -
The move follows two consecutive quarterly losses for the REIT and comes just days after its sister non-QM lending business laid off 20% of its staff.
September 29