Another large Iowa credit union has announced layoffs as concerns about a weakening mortgage market persist.Collins Community Credit Union in Cedar Rapids said Monday that it laid off 38 employees, primarily in its mortgage lending division. In September, GreenState Credit Union in North Liberty cut 42 employees, or about 5% of its workforce.Β The $1.6 billion-asset Collins Community said the market has quickly shifted, particularly in regards to rising interest rates and the slowing of consumer...
Another large Iowa credit union has announced layoffs as concerns about a weakening mortgage market persist.Collins Community Credit Union in Cedar Rapids said Monday that it laid off 38 employees, primarily in its mortgage lending division. In September, GreenState Credit Union in North Liberty cut 42 employees, or about 5% of its workforce.Β The $1.6 billion-asset Collins Community said the market has quickly shifted, particularly in regards to rising interest rates and the slowing of consumer...
Flagstar Bank has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins.
The post Flagstar Bancorp cuts 20% of its mortgage staff appeared first on HousingWire.
Flagstar Bank has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins.
The post Flagstar Bancorp cuts 20% of its mortgage staff appeared first on HousingWire.
"With May demand 17% below expectations, we donβt have enough work for our agents and support staff," CEO Glenn Kelman said in a message to employees.
"With May demand 17% below expectations, we donβt have enough work for our agents and support staff," CEO Glenn Kelman said in a message to employees.
"With May demand 17% below expectations, we donβt have enough work for our agents and support staff," CEO Glenn Kelman said in a message to employees.
"With May demand 17% below expectations, we donβt have enough work for our agents and support staff," CEO Glenn Kelman said in a message to employees.
Compass and Redfin each instituted layoffs Tuesday as economic conditions worsened. The next few days will be telling.
The post Compass and Redfin make cuts amid volatile market appeared first on HousingWire.
Compass and Redfin each instituted layoffs Tuesday as economic conditions worsened. The next few days will be telling.
The post Compass and Redfin make cuts amid volatile market appeared first on HousingWire.
AmeriSave Mortgage Corp.Β exited the wholesale channel this week, a decision that comes amid increased pressure in the space.
The post AmeriSave exits wholesale channel, cuts staff appeared first on HousingWire.
AmeriSave Mortgage Corp.Β exited the wholesale channel this week, a decision that comes amid increased pressure in the space.
The post AmeriSave exits wholesale channel, cuts staff appeared first on HousingWire.
