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FoA cuts workforce amid company restructuring, market downturn

FoA cuts workforce amid company restructuring, market downturn

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FoA cuts workforce amid company restructuring, market downturn
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FoA cuts workforce amid company restructuring, market downturn
FoA cuts workforce amid company restructuring, market downturn
FoA cuts workforce amid company restructuring, market downturn
FoA cuts workforce amid company restructuring, market downturn
housingwire housingwire | 1 year ago
FoA reduced its workforce across centralized operations and branches, cutting processors, underwriters, appraisers and the support team, with its most recent layoff on July 15.  The post FoA cuts workforce amid company restructuring, market downturn appeared first on HousingWire.
FoA reduced its workforce across centralized operations and branches, cutting processors, underwriters, appraisers and the support team, with its most recent layoff on July 15.  The post FoA cuts workforce amid company restructuring, market downturn appeared first on HousingWire.
Wells Fargo cuts mortgage jobs amid poor outlook
Wells Fargo cuts mortgage jobs amid poor outlook
Wells Fargo cuts mortgage jobs amid poor outlook
Wells Fargo cuts mortgage jobs amid poor outlook
housingwire housingwire | 1 year 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.
Citi trims mortgage workforce amid reorganization
Citi trims mortgage workforce amid reorganization
Citi trims mortgage workforce amid reorganization
Citi trims mortgage workforce amid reorganization
housingwire housingwire | 1 year ago
Depository bank Citi has trimmed staffing levels in its mortgage business, following surging rates and a reorganization of its operations. The post Citi trims mortgage workforce amid reorganization appeared first on HousingWire.
Depository bank Citi has trimmed staffing levels in its mortgage business, following surging rates and a reorganization of its operations. The post Citi trims mortgage workforce amid reorganization appeared first on HousingWire.
Umpqua cuts 100 jobs in mortgage group amid residential market upheaval
Umpqua cuts 100 jobs in mortgage group amid residential market upheaval
Umpqua cuts 100 jobs in mortgage group amid residential market upheaval
Umpqua cuts 100 jobs in mortgage group amid residential market upheaval
bizjournals bizjournals | 1 year ago
Mortgage rates have soared from pandemic lows, slowing real estate activity.
Mortgage rates have soared from pandemic lows, slowing real estate activity.
Umpqua Holdings Corp. cuts 100 jobs in mortgage group amid residential market upheaval
Umpqua Holdings Corp. cuts 100 jobs in mortgage group amid residential market upheaval
Umpqua Holdings Corp. cuts 100 jobs in mortgage group amid residential market upheaval
Umpqua Holdings Corp. cuts 100 jobs in mortgage group amid residential market upheaval
bizjournals bizjournals | 1 year ago
Mortgage rates have soared from pandemic lows, slowing real estate activity.
Mortgage rates have soared from pandemic lows, slowing real estate activity.
Mortgage fintech Tomo cuts nearly a third of its workforce
Mortgage fintech Tomo cuts nearly a third of its workforce
Mortgage fintech Tomo cuts nearly a third of its workforce
Mortgage fintech Tomo cuts nearly a third of its workforce
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Lending fintech Tomo Networks cut nearly a third of its workforce Tuesday and will dial back its expansion plans, the company confirmed Wednesday.The Stamford, Connecticut-based firm laid off 44 employees ahead of a bumpy economic cycle, it said in a statement. It’s the latest mortgage fintech to undertake layoffs and the most recent lender to cite rising interest rates and reduced volume for downsizing.“While we explicitly don't offer refinance mortgages because of the risky boom and bust ...
Lending fintech Tomo Networks cut nearly a third of its workforce Tuesday and will dial back its expansion plans, the company confirmed Wednesday.The Stamford, Connecticut-based firm laid off 44 employees ahead of a bumpy economic cycle, it said in a statement. It’s the latest mortgage fintech to undertake layoffs and the most recent lender to cite rising interest rates and reduced volume for downsizing.“While we explicitly don't offer refinance mortgages because of the risky boom and bust ...
Compass and Redfin make cuts amid volatile market
Compass and Redfin make cuts amid volatile market
Compass and Redfin make cuts amid volatile market
Compass and Redfin make cuts amid volatile market
housingwire housingwire | 1 year ago
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.
Mortgage rates fall amid market uncertainty
Mortgage rates fall amid market uncertainty
Mortgage rates fall amid market uncertainty
Mortgage rates fall amid market uncertainty
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Current volatility has contributed to slowdowns across the industry, with further reduced originations now predicted for the year.
Current volatility has contributed to slowdowns across the industry, with further reduced originations now predicted for the year.
Fannie Mae income drops amid mortgage market troubles
Fannie Mae income drops amid mortgage market troubles
Fannie Mae income drops amid mortgage market troubles
Fannie Mae income drops amid mortgage market troubles
housingwire housingwire | 1 year ago
It's hard for Fannie Mae to not make money as the country's primary backstop of conventional loans. But net income was down amid turmoil in the mortgage market. The post Fannie Mae income drops amid mortgage market troubles appeared first on HousingWire.
It's hard for Fannie Mae to not make money as the country's primary backstop of conventional loans. But net income was down amid turmoil in the mortgage market. The post Fannie Mae income drops amid mortgage market troubles appeared first on HousingWire.
Flagstar Bancorp cuts 20% of its mortgage staff
Flagstar Bancorp cuts 20% of its mortgage staff
Flagstar Bancorp cuts 20% of its mortgage staff
Flagstar Bancorp cuts 20% of its mortgage staff
housingwire housingwire | 1 year ago
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.