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Blend lays off 200 workers as mortgage industry sputters

Blend lays off 200 workers as mortgage industry sputters

Publicly traded mortgage tech company Blend Labs laid off 10% of its workforce amid major headwinds in the mortgage industry.

The post Blend lays off 200 workers as mortgage industry sputters appeared first on HousingWire.

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Blend lays off 200 workers as mortgage industry sputters
Blend lays off 200 workers as mortgage industry sputters
Blend lays off 200 workers as mortgage industry sputters
Blend lays off 200 workers as mortgage industry sputters
housingwire housingwire | 1 year ago
Publicly traded mortgage tech company Blend Labs laid off 10% of its workforce amid major headwinds in the mortgage industry. The post Blend lays off 200 workers as mortgage industry sputters appeared first on HousingWire.
Publicly traded mortgage tech company Blend Labs laid off 10% of its workforce amid major headwinds in the mortgage industry. The post Blend lays off 200 workers as mortgage industry sputters appeared first on HousingWire.
Mr. Cooper lays off workers as originations nosedive
Mr. Cooper lays off workers as originations nosedive
Mr. Cooper lays off workers as originations nosedive
Mr. Cooper lays off workers as originations nosedive
housingwire housingwire | 1 year ago
Add Mr. Cooper to the list of lenders and servicers reducing staff: pink slips arrived for 250 employees in the first quarter, as the company faced declines in the earnings from loan originations. And it's going to get very rough in Q2. The post Mr. Cooper lays off workers as originations nosedive appeared first on HousingWire.
Add Mr. Cooper to the list of lenders and servicers reducing staff: pink slips arrived for 250 employees in the first quarter, as the company faced declines in the earnings from loan originations. And it's going to get very rough in Q2. The post Mr. Cooper lays off workers as originations nosedive appeared first on HousingWire.
Movement Mortgage lays off 170 employees
Movement Mortgage lays off 170 employees
Movement Mortgage lays off 170 employees
Movement Mortgage lays off 170 employees
housingwire housingwire | 2 years ago
Retail lender Movement Mortgage laid off between 165 and 170 employees in March, sources told HousingWire. It's the latest lender to start paring back staff as origination volume falls. The post Movement Mortgage lays off 170 employees appeared first on HousingWire.
Retail lender Movement Mortgage laid off between 165 and 170 employees in March, sources told HousingWire. It's the latest lender to start paring back staff as origination volume falls. The post Movement Mortgage lays off 170 employees appeared first on HousingWire.
Mr. Cooper lays off 420 while mortgage industry cuts mount
Mr. Cooper lays off 420 while mortgage industry cuts mount
Mr. Cooper lays off 420 while mortgage industry cuts mount
Mr. Cooper lays off 420 while mortgage industry cuts mount
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
The pace of layoffs across the mortgage landscape isn’t letting up, with more firms announcing major cuts in response to rising interest rates and declining volumes.Mr. Cooper is laying off approximately 420 staff members, or 5% of its total employee base, mostly in originations, it announced Thursday. The terminations include 16% of the company’s California workforce, with 120 cuts at its Santa Ana, California office. Mr. Cooper already laid off approximately 250 employees during the first...
The pace of layoffs across the mortgage landscape isn’t letting up, with more firms announcing major cuts in response to rising interest rates and declining volumes.Mr. Cooper is laying off approximately 420 staff members, or 5% of its total employee base, mostly in originations, it announced Thursday. The terminations include 16% of the company’s California workforce, with 120 cuts at its Santa Ana, California office. Mr. Cooper already laid off approximately 250 employees during the first...
Mortgage lender lays off dozens in Clearwater
Mortgage lender lays off dozens in Clearwater
Mortgage lender lays off dozens in Clearwater
Mortgage lender lays off dozens in Clearwater
bizjournals bizjournals | 1 year ago
The mortgage lender's CEO said it is taking action to navigate through a cooling housing market and "extremely challenging" economic climate.
The mortgage lender's CEO said it is taking action to navigate through a cooling housing market and "extremely challenging" economic climate.
LoanCare lays off undisclosed number of workers
LoanCare lays off undisclosed number of workers
LoanCare lays off undisclosed number of workers
LoanCare lays off undisclosed number of workers
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Mortgage subservicer LoanCare conducted a round of layoffs on June 17, as the need to assist borrowers affected by the pandemic continues to decline.LoanCare routinely manages its resources in conjunction with its work requirements, Dave Worrall, its president, said in a statement. Because of COVID-19, Congress mandated servicers to grant forbearances to mortgage borrowers and the company had staffed up to handle that. "We added capacity to cover needs during the pandemic and associated relief...
Mortgage subservicer LoanCare conducted a round of layoffs on June 17, as the need to assist borrowers affected by the pandemic continues to decline.LoanCare routinely manages its resources in conjunction with its work requirements, Dave Worrall, its president, said in a statement. Because of COVID-19, Congress mandated servicers to grant forbearances to mortgage borrowers and the company had staffed up to handle that. "We added capacity to cover needs during the pandemic and associated relief...
JPMorgan lays off hundreds in mortgage business after rate surge
JPMorgan lays off hundreds in mortgage business after rate surge
JPMorgan lays off hundreds in mortgage business after rate surge
JPMorgan lays off hundreds in mortgage business after rate surge
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
JPMorgan Chase is laying off hundreds of home-lending employees and reassigning hundreds more this week as rapidly rising mortgage rates drive down demand in what had been a red-hot housing market. The total affected will be more than 1,000 workers, with about half moved to different divisions within the biggest U.S. bank, according to people familiar with the matter who asked not to be identified discussing personnel matters.  ANDREW HARRER/BLOOMBERG NEWS “Our staffing decision this w...
JPMorgan Chase is laying off hundreds of home-lending employees and reassigning hundreds more this week as rapidly rising mortgage rates drive down demand in what had been a red-hot housing market. The total affected will be more than 1,000 workers, with about half moved to different divisions within the biggest U.S. bank, according to people familiar with the matter who asked not to be identified discussing personnel matters.  ANDREW HARRER/BLOOMBERG NEWS “Our staffing decision this w...
Doma lays off 15% of work force as Q1 revenue declines - HousingWire
Doma lays off 15% of work force as Q1 revenue declines - HousingWire
Doma lays off 15% of work force as Q1 revenue declines - HousingWire
Doma lays off 15% of work force as Q1 revenue declines - HousingWire
housingwire housingwire | 1 year ago
Despite a 40% year-over-year increase in market share during the first quarter of 2022, Doma Holdings was unable to produce a net profit. The post Doma lays off 15% of work force as Q1 revenue declines appeared first on HousingWire.
Despite a 40% year-over-year increase in market share during the first quarter of 2022, Doma Holdings was unable to produce a net profit. The post Doma lays off 15% of work force as Q1 revenue declines appeared first on HousingWire.
Zillow lays off 300 workers, citing need to focus on 'key growth areas'
Zillow lays off 300 workers, citing need to focus on 'key growth areas'
Zillow lays off 300 workers, citing need to focus on 'key growth areas'
Zillow lays off 300 workers, citing need to focus on 'key growth areas'
bizjournals bizjournals | 1 year ago
The move comes after the Seattle-based real estate tech company announced in November 2021 it was shuttering its direct homebuying service, resulting in job losses for more than a quarter of its workforce.
The move comes after the Seattle-based real estate tech company announced in November 2021 it was shuttering its direct homebuying service, resulting in job losses for more than a quarter of its workforce.
Mortgage refis are dead. Can Blend weather the storm?
Mortgage refis are dead. Can Blend weather the storm?
Mortgage refis are dead. Can Blend weather the storm?
Mortgage refis are dead. Can Blend weather the storm?
housingwire housingwire | 2 years ago
Even during the $8 trillion mortgage boom, mortgage tech company Blend lost money. What happens now that the mortgage industry is in decline? The post Mortgage refis are dead. Can Blend weather the storm? appeared first on HousingWire.
Even during the $8 trillion mortgage boom, mortgage tech company Blend lost money. What happens now that the mortgage industry is in decline? The post Mortgage refis are dead. Can Blend weather the storm? appeared first on HousingWire.