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Mr. Cooper cuts more jobs as origination outlook dims

Mr. Cooper cuts more jobs as origination outlook dims

Top-10 residential lender and servicer Mr. Cooper has cut another 420 jobs, the second major layoff it has made this year. It's also lowered guidance on originations income in Q2.

The post Mr. Cooper cuts more jobs as origination outlook dims appeared first on HousingWire.

Mr. Cooper cuts more jobs as origination outlook dims
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Mr. Cooper cuts more jobs as origination outlook dims
Mr. Cooper cuts more jobs as origination outlook dims
Mr. Cooper cuts more jobs as origination outlook dims
Mr. Cooper cuts more jobs as origination outlook dims
housingwire housingwire | 1 year ago
Top-10 residential lender and servicer Mr. Cooper has cut another 420 jobs, the second major layoff it has made this year. It's also lowered guidance on originations income in Q2. The post Mr. Cooper cuts more jobs as origination outlook dims appeared first on HousingWire.
Top-10 residential lender and servicer Mr. Cooper has cut another 420 jobs, the second major layoff it has made this year. It's also lowered guidance on originations income in Q2. The post Mr. Cooper cuts more jobs as origination outlook dims appeared first on HousingWire.
Wells Fargo cuts mortgage jobs amid poor outlook
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Wells Fargo cuts mortgage jobs amid poor outlook
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housingwire housingwire | 2 years ago
Wells Fargo is cutting jobs in its home lending business, just days after reporting weak mortgage earnings in the first quarter of 2022. The post Wells Fargo cuts mortgage jobs amid poor outlook appeared first on HousingWire.
Wells Fargo is cutting jobs in its home lending business, just days after reporting weak mortgage earnings in the first quarter of 2022. The post Wells Fargo cuts mortgage jobs amid poor outlook 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...
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.
Mr. Cooper names new vice presidents
Mr. Cooper names new vice presidents
Mr. Cooper names new vice presidents
Mr. Cooper names new vice presidents
housingwire housingwire | 2 years ago
Mortgage originator and servicer Mr. Cooper Group announced on Thursday that it is promoting two of its own – Jaime Gow and Ethan Elzen – into executive vice president roles. The post Mr. Cooper names new vice presidents appeared first on HousingWire.
Mortgage originator and servicer Mr. Cooper Group announced on Thursday that it is promoting two of its own – Jaime Gow and Ethan Elzen – into executive vice president roles. The post Mr. Cooper names new vice presidents appeared first on HousingWire.
Fannie Mae cuts origination projection, forecasts recession in 2023 - HousingWire
Fannie Mae cuts origination projection, forecasts recession in 2023 - HousingWire
Fannie Mae cuts origination projection, forecasts recession in 2023 - HousingWire
Fannie Mae cuts origination projection, forecasts recession in 2023 - HousingWire
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With the Fed's inflation-fighting policy in effect, Fannie Mae is now forecasting a reduction in mortgage origination volume in 2022 and 2023. It also expects a "moderate recession." The post Fannie Mae cuts origination projection, forecasts recession in 2023 appeared first on HousingWire.
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In retreat, Wells Fargo cuts additional mortgage jobs
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housingwire housingwire | 1 year ago
Wells Fargo, which is likely to reduce its footprint in mortgage, revealed this week that it will shed another 125 jobs at its home lending division by the end of August. The post In retreat, Wells Fargo cuts additional mortgage jobs appeared first on HousingWire.
Wells Fargo, which is likely to reduce its footprint in mortgage, revealed this week that it will shed another 125 jobs at its home lending division by the end of August. The post In retreat, Wells Fargo cuts additional mortgage jobs appeared first on HousingWire.
Mr. Cooper promotes Gow to CFO, Elzen to EVP
Mr. Cooper promotes Gow to CFO, Elzen to EVP
Mr. Cooper promotes Gow to CFO, Elzen to EVP
Mr. Cooper promotes Gow to CFO, Elzen to EVP
In-depth analysis, data and st... In-depth analysis, d... | 2 years ago
The moves are the latest executive changes at the company since Chris Marshall moved up to president.
The moves are the latest executive changes at the company since Chris Marshall moved up to president.
Mr. Cooper lays off 250, predicts two tough quarters ahead
Mr. Cooper lays off 250, predicts two tough quarters ahead
Mr. Cooper lays off 250, predicts two tough quarters ahead
Mr. Cooper lays off 250, predicts two tough quarters ahead
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Mortgage jobs dropped in February as layoffs spread
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