More Wells layoffs, LoanDepot cuts, Better's SEC probe and more mortgage news you may have missed

Also: LendingTree denies it’s the source of a data breach affecting 200,000

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More Wells layoffs, LoanDepot cuts, Better's SEC probe and more mortgage news you may have missed

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Also: LendingTree denies it’s the source of a data breach affecting 200,000

More Wells Fargo mortgage layoffs are likely, executives say

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Layoffs in Wells Fargo’s mortgage division will likely continue over the next few months as rising interest rates erode the bank’s refinancing business, executives said Friday.Income from home lending fell to $972 million during the second quarter of 2022, a 53% decrease from more than $2 billion during the same quarter last year. Further declines in the third quarter are possible since the “mortgage market is expected to remain challenging” in the near future, Chief Financial Officer M...

Play ball! Rocket Mortgage, LoanDepot and more talk sports marketing

In-depth analysis, data and st... In-depth analysis, d... | 2 years ago

More layoffs at Keller Mortgage

housingwire housingwire | 1 year ago

Keller Mortgage is the latest lender to undergo layoffs as mortgage demand drops to its lowest level since 1997. The post More layoffs at Keller Mortgage appeared first on HousingWire.

Mortgage players confirm more sweeping layoffs

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Many more mortgage professionals are unemployed after a slew of companies from a fintech startup to publicly traded industry leaders revealed layoffs.The cuts add to the lengthy list of mortgage firms shedding payroll in response to rising rates and declining affordability for prospective borrowers, and they come in the wake of a dismal jobs report showing nonbank mortgage payrolls on the decline. New American Funding confirmed some of the industry cycle's largest layoff numbers, recently term...