Mortgage players confirm more sweeping layoffs
Mortgage players confirm more sweeping layoffs
Abstract
New American Funding recently terminated 300 employees and let go 625 workers since the beginning of the year. The Tustin, California-based lender and servicer, which had approximately 4,500 employees at the end of 2021, has since slashed its payroll by 14%, co-founder and CEO Rick Arvielo said. Mortgage fintech Ribbon, in response to the market's current volatility, terminated 136 employees. In March, the Federal Reserve implemented its first rate hike since 2018.
You can contact us to get more choices
