Strong Home Mortgage just laid off 25% of their operations 04/13/22. The Money Source (TMS) not only sold out to Amerisave, but laid off 50+ without warning. Please help me. client paid off mortgage in 2005 with Chapel Mortgage and of course a satisfaction was never recorded. Official Filing. In an effort to reduce overhead, Kalamazoo MI based AmeriFirst Home Mortgage terminated approximately 45 people. Thank you!! The layoffs represent about 10% of Wayfair's corporate team, the company said, and will cost between $30 million and $40 million for severance and benefits for laid-off employees. The power of data with Mike Simonsen at Gathering of Eagles, Eric Lapin on how consumer-controlled data can change lending, Clear Capital launches UDC to support appraisal modernization. Guaranteed Rate is getting ready to do two large layoffs before the Holidays. Those cuts are expected to begin in coming. Learn More Our Leadership Finance of America Companies is led by a close-knit group of long-time colleagues with deep industry expertise. Lately, Ive seen a surge of user comments from former mortgage employees who have been laid off. They laid off people who have been with the company for decades, people on FMLA, and even a mother with a newborn baby. They closed and I need to obtain a release of mortgage. At least 100 rumored layoffs at Supreme Lending headquartered in Dallas, TX since start of 2022. The troubles in the tech space were even acknowledged by Federal Reserve Chair Jerome Powell, who said during a press conference last month these layoffs were "a story unto itself.". Keller Mortgage laid off around 600 people effective 5/22022, Servicelink had four rounds of layoffs thru May no serverence not even pay out for vacation time, Guaranteed Rate and its affiliates did another layoff today, 7/13 after waiting for cpi postings. Only kept the under achievers and poor producers, sad! Citi mortgage layoffs (3/2/23) Prosperity Home Mortgage, LLC to acquire JFQ Lending, LLC (2/28/23) Majestic Home Loan shut down by the CFPB (2/27/23) Wells Fargo cut 500+ mortgage jobs per Bloomberg (2/23/23) JZZ Technologies, Inc. to acquire Oxygen Mortgage (2/22/23) Civic Financial Services, LLC to eliminate approximately 200 positions (2/21/23) Mutual of Omaha Mortgage has acquired the assets of Keller Mortgage LLC (2/20/23) Celebrity Home Loans layoffs (2/16/23) Mr. Cooper to acquire Roosevelt Management Company and Rushmore Loan Management Services (2/10/23) Redwood Trust sees a 24% reduction in workforce due to market volatility (2/10/23) AmCap Mortgage acquired Oz Lending, Orange Mortgage and Rev Mortgage brands (2/9/23) Town Square Mortgage to merge with American Portfolio Mortgage (2/9/23) Chase to cut hundreds of additional mortgage jobs per Bloomberg (2/8/23) Northpointe Bank to exit correspondent lending business (2/8/23) Guild Mortgage acquires New Mexico-based Legacy Mortgage (2/7/23) F&B Financial Group acquired by Amerant Mortgage (2/2/23) USAA Bank cut 130 mortgage jobs in San Antonio, TX (2/2/23) Flagstar Bank to close all out of footprint locations, leading to 69% reduction in retail home lending offices, layoffs (1/31/23) Umpqua Bank to lay off half its home lending team (1/30/23) Reverse Mortgage Funding to lay off 65 in Bloomfield, NJ (1/27/23) First Internet Bank to exit consumer mortgage business, possible layoffs (1/27/23) American Pacific Mortgage purchased the assets of Lend Smart Mortgage (1/26/23) Clear Capital to cut about 250 jobs in Reno, NV (1/26/23) Wells Fargo Home Mortgage to cut 140 jobs in Springfield, IL (1/18/23) North American Savings Bank (NASB Financial Inc.) to exit consumer direct home lending business, layoffs (1/13/23) Blend Labs to lay off another 28% of employees (1/11/23) Silvergate Bank to cut 181 jobs in La Jolla, CA (1/10/23) Wells Fargo to exit correspondent lending channel (1/10/23) Union Bank mortgage layoffs related to U.S. Bank merger (1/10/23) AmeriFirst Financial (AZ) to shutter operations (1/6/23) Legacy Bank & Trust acquired Crain Mortgage Group LLC, rebrands as Legacy Capital (1/1/23) Union Home Mortgage acquires Amerifirst Home Mortgage (12/21/22) UMortgage to acquire NXT Mortgage Co. (12/19/22) Amerifirst Home Mortgage to eliminate 59 jobs in Portage, MI (12/13/22) Reverse Mortgage Funding to lay off 44 in Rancho Cordova, CA (12/9/22) Reverse Mortgage Funding to let go of 119 workers in Melville, NY (12/9/22) Union Bank to exit wholesale lending after U.S. Bank takeover (12/8/22) Finance of America to acquire the assets of American Advisors Group (12/7/22) Doma to eliminate 515 positions, or about 40% of the company (12/6/22) Interfirst Mortgage to let go of 75 employees in Rosemont, IL (12/6/22) Athas Capital to lay off 25 in Alpharetta, GA (12/6/22) Reverse Mortgage Funding to let go of 233 employees in Newburgh, NY (12/9/22) Wells Fargo to cut hundreds of mortgage jobs nationwide (per Bloomberg) Guild Mortgage to acquire Inlanta Mortgage, 62 layoffs in Pewaukee, WI (12/1/22) Reverse Mortgage Funding LLC files Chapter 11 bankruptcy, 233 layoffs (11/30/22) BayCoast Mortgage to acquire Marthas Vineyard Mortgage (11/30/22) Homepoint to eliminate 10 jobs in Clearwater, FL (11/19/22) Homepoint to shed another 49 jobs in Dallas, TX (11/18/22) Orchard laid off about 180 workers or roughly 25% of staff (11/17/22) American Financing to cut 194 jobs in Aurora, CO (11/16/22) Ribbon pauses RibbonCash program, ~170 layoffs (11/15/22) Athas Capital to cut 159 jobs in Agoura Hills, CA (11/14/22) Movement Mortgage acquires Mortgage Network, Inc. (11/11/22) Mr. Cooper to lay off 175 workers in Santa Ana, CA (11/11/22) Better Mortgage to let go of 33 employees in Irvine, CA (11/11/22) Better Mortgage to cut another 13 jobs in Oakland, CA (11/11/22) Impac Mortgage cut 47% of headcount in Irvine, CA (11/10/22) Angel Oak Home Loans to exit retail lending channel (11/10/22) RedfinNow to shut down, 862 layoffs (11/9/22) Radian Group to eliminate 166 jobs in Coraopolis, PA (11/8/22) New American Funding reduces workforce by roughly 240 jobs (11/8/22) CrossCountry Morgage to cut 100 jobs in Denver, CO (11/7/22) Pennymac to lay off 10 workers in Agoura Hills, CA (11/7/22) Newrez to let go of 24 employees in Columbia, Maryland (11/7/22) Better Mortgage to eliminate 28 jobs in NYC (11/4/22) Pennymac to cut another 49 jobs in Southern California (11/4/22) Mr. Cooper to slash another 800 jobs (11/4/22) Opendoor to lay off about 550 workers (11/3/22) Meridian Bank to lay off 1/3 of its mortgage employees and close 3 offices (11/3/22) Athas Capital Group to wind down operations, 200+ layoffs (11/2/22) Huntington National Bank to acquire PhysicianLoans (11/2/22) American Advisors Group (AAG) to let go of 204 employees in Irvine, CA (11/1/22) Nutter Home Loans to close (10/31/22) Finance of America to close Conshohocken, PA office, layoffs (10/28/22) Pennymac to lay off 20 in Pasadena, CA (10/28/22) Zillow to cut another 300 jobs, or 5% of company (10/26/22) Colonial Savings to lay off 54 workers in Orange County, CA (10/25/22) Finance of America Companies Inc. to discontinue forward mortgage originations via both retail and wholesale channels by the end of the year (10/24/22) Collins Community Credit Union laid off 38 employees in Cedar Rapids, Iowa (10/15/22) Finance of America to shutter wholesale and correspondent lending channels (10/11/22) Summit Funding to cut 72 jobs in Sacramento, CA (10/11/22) BayFirst Financial to cut another 20 jobs in Florida statewide (10/11/22) Angel Oak Home Loans cut 15% of staff (10/7/22) Lower.com layoffs (10/5/22) Keller Mortgage layoffs (10/4/22) BayFirst Financial to cut 58 jobs in Clearwater, FL (9/29/22) Angel Oak Mortgage Solutions cut 75 jobs, or about 20% of staff (9/28/22) BayFirst Financial to discontinue nationwide network of residential mortgage loan production offices (9/26/22) American Mortgage Service Company to be acquired by Thrive Mortgage (9/26/22) Compass to lay off 271 workers in Seattle (9/21/22) Ruoff Mortgage to slash 4.6% of its workforce (9/16/22) Citi cuts mortgage jobs (9/2/22) AmeriSave Wholesale Mortgage Solutions shutting down (9/2/22) Homepoint to lay off 526 employees in TX (9/2/22) RoundPoint Mortgage Servicing Corp. to cut 74 jobs in Melville, NY (9/2/22) Homepoint to cut 113 jobs in Chandler, AZ (9/1/22) Homepoint to cut 57 jobs in Clearwater, FL (9/1/22) Suburban Mortgage appears to have closed its doors (9/1/22) Wells Fargo to lay off another 75 workers in Des Moines area (9/1/22) Better Mortgage to cut another 200+ jobs (8/25/22) Mountain West Financial ceases wholesale lending (8/24/22) Movement Mortgage acquires mortgage brokerage Superior Rate Mortgage (8/24/22) Reali to shut down, 132 layoffs in San Mateo, CA (8/24/22) Blend Labs laid off 400+ employees (about 25% of workforce) (8/16/22) Panorama Mortgage Group acquires Lone Peak Lending (8/15/22) Cypress Mortgage Capital, Inc. shut down (8/12/22) Celebrity Home Loans exits correspondent lending (8/11/22) loanDepot to shutter wholesale lending channel (8/9/22) Envision Bank mortgage layoffs (8/4/22) Matrix Financial Services Corp. to acquire RoundPoint Mortgage Servicing Corp. (8/3/22) New American Funding cut 300 jobs (8/2/22) Wells Fargo to cut 82 jobs in Des Moines area (7/28/22) Pennymac to cut 32 jobs in Thousand Oaks, CA (7/21/22) Flyhomes to reduce staff by 20% (7/20/22) Texana Bank to cut 58 jobs in Irvine, CA (7/15/22) loanDepot to cut approximately 4,800 jobs in 2022 (7/12/22) Sprout Mortgage to shut down, lay off 400 employees (7/7/22) Wells Fargo to cut 107 jobs in Des Moines area (7/6/22) Redwood Trust acquires Riverbend Lending (7/5/22) AnnieMac Home Mortgage acquires OVM Financial (6/30/22) First Guaranty Mortgage Corp. files Chapter 11 bankruptcy (6/30/22) Mid America Mortgage, Inc. to rebrand as Click n Close (6/25/22) First Guaranty Mortgage Corp. cut 428 jobs in Plano, TX (6/24/22) Barclays to acquire Kensington Mortgages (6/24/22) Chase to cut 1,000 home lending jobs (6/22/22) HomeLight acquires Accept.inc (6/16/22) Notarize let go of 25% of staff (6/15/22) Compass to cut 10% of its workforce (6/14/22) Redfin to slash nearly 500 jobs (6/14/22) Priority Mortgage to merge with Doorway Home Loans (6/10/22) Wyndham Capital Mortgage to cut 48 jobs in Charlotte, NC (6/9/22) Real Genius (FirstBank) laying off 74 employees in Charlotte, NC (6/2/22) Tomo cuts 44 jobs (6/1/22) Real Genius (FirstBank) laying off 35 employees in Nasville, TN (5/31/22) Panorama Mortgage Group acquires Rely Home Loans (5/31/22) Wells Fargo cut roughly 90 mortgage jobs in Des Moines area (5/24/22) Nationstar Mortgage (Mr. Cooper) cutting 120 jobs in Santa, Ana CA (5/20/22) Mid America Mortgage to sell its retail channel to Legend Lending (5/16/22) Panorama Mortgage Group acquires Vision Mortgage Group (5/13/22) Pennymac cut 69 jobs in Pasadena, CA (5/6/22) Intercontinental Exchange (ICE) to acquire Black Knight, Inc. (5/4/22) Costco Mortgage program no longer available as of May 1st, 2022 (5/1/22) Mr. Cooper cut roughly 250 jobs during Q1 2022 Planet Home Lending to acquire Homepoints correspondent lending business (4/29/22) Primis Bank to acquire SeaTrust Mortgage Company (4/28/22) Owning to cut 189 jobs in Orange, CA Union Home Mortgage layoffs in Strongsville, OH Flagstar Bank cut 20% of mortgage staff (420 jobs) Rocket Mortgage offering buyouts to 8% of staff USAA Bank cut 90+ mortgage jobs National Bank Holdings Corporation to acquire Bank of Jackson Hole Movement Mortgage layoffs (based on industry reporting) PennyMac to cut 227 jobs in Agoura/Moorpark/Westlake, CA Prospect Home Finance to cut 5 jobs in La Jolla, CA PennyMac to cut 81 jobs in Roseville, CA All Cal Financial to merge with InstaMortgage Knock to reduce its workforce by approximately 46% Better Mortgage to cut additional 3,000 jobs in United States and India TD Bank to acquire First Horizon Corp. Ellington Financial to acquire reverse mortgage lender Longbridge Financial WinnPointe Corporation dba Interactive Mortgage to cut 51 jobs in Orange, CA Santander Bank halts all mortgage lending including HELOCs, layoffs (2/2/22) KKR to acquire Merchants Mortgage Trust & Corporation, LLC Mortgage Solutions Financial to acquire First American State Bank, will change name to MSF Bank Redfin to acquire Bay Equity Home Loans, 121 layoffs (1/11/22) Stearns Wholesale to shut down, 348 layoffs (1/6/22) Zillow cut 32 jobs in Coppell, TX (1/3/22) Genpact Mortgage Services Inc. cut 14 jobs in Irvine, CA Texas Partners Bank to acquire Legacy Mutual Mortgage Eustis Mortgage Corporation to acquire Signature Mortgage Corporation Better Mortgage to cut roughly 900 jobs (9% of staff) Interfirst Mortgage to cut 77 jobs in Charlotte, NC Opendoor to acquire RedDoor Zillow Offers shut down, 25% of staff to be let go First Federal Community Bank to acquire Lighthouse Mortgage Armed Forces Bank to acquire residential mortgage operations of KS StateBank Athene to acquire non-QM lender Newfi New Residential Investment Corp. to acquire Genesis Capital LLC U.S. Bank to acquire MUFG Union Bank Arcus Lending changes name to InstaMortgage Figure to merge with Homebridge Financial Services Better Mortgage to acquire U.K. based broker Trussle, 1-800-East-West Mortgage Co. suspended operations, cut roughly half of staff 1st Alliance Lending shut down 1st Alliance Lending cut as many as 35 jobs in Hartford, CT 1st American State Bank of Minnesota shut by FDIC 1st Choice Mortgage to close, layoffs 1st Commerce Bank (Las Vegas) closed by FDIC 1st New England Mortgage Corp. filed bankruptcy 1st Pacific Bank of California shut by FDIC 1st Regents Bank shut by FDIC 1st Reverse Financial to close 360 Mortgage Group no longer accepting applications Aames Investment Corp acquired by Accredited Home Lenders ABN Amro Mortgage 1700 layoffs ABN-Amro Hypotheken-Gruppe stopped lending in Germany Academy Mortgage Corp. acquired First Mortgage Company Academy Mortgage Corp. acquired Republic Mortgage Home Loans Ace Mortgage Funding shut down Accenture cut 45 Charlotte jobs thanks to slowdown in refinancing Accenture purchased software company Mortgage Cadence Access Bank shut by FDIC Access National Corporation closed Denver mortgage production branch, potential layoffs Accredited Home Lenders filed bankruptcy Accredited Home Lenders ceased wholesale lending for second time in Aug 2008 Accredited Home shut down retail lending, ceased wholesale, Lone Star lawsuit Accredited Home shut down retail lending business, agreed to Lone Star buyout Accredited Home Lenders shuts four operations centers, layoffs Accredited Home Lenders cuts 38 jobs in Cincinnati ACC Capital Holdings mass layoffs, closed Ameriquest, sold wholesale to Citigroup Acoustic Home Loans subprime wholesale lender closed its doors ACT Mortgage Capital suspended all submissions/funding until further notice Adfitech Inc. laid off 320 workers Advanta Bank Corp. shut by FDIC Advantage Home Loans closed Advent Mortgage merged with New Equity Mortgage AIG sold United Guaranty Corp. to Arch Capital Group AIG bought Equity One Aegis Funding closed, seeking bankruptcy protection Aegis Mortgage Corp. laying off 401 employees Affiliated Mortgage shut its correspondent lending division, cut 31 jobs Affinity Bank (CA) shut by FDIC Aklero Risk Analytics Inc. merged with NYLX, create LoanLogics Alabama Trust Bank, National Association shut by FDIC All American Bank shut by FDIC Allegiance Bank of North America shut by FDIC Allendale County Bank shut down by FDIC Alliance Bancorp closed, filed for Ch. We are kind of pigeon holed it takes a tough person to ride this ride anyway! Guaranteed Rate laid off more employees on Wednesday, May 11, 2022. Finance of America Reverse (FAR) provides HECMs, HECMs for Purchase, jumbo loans and refinancing reverse mortgages for homeowners aged 55 and up (for certain HomeSafe products only, excluding. Wentworth Home Lending, LLC Freedom Mortgage Corp. shut San Dimas call center, slash 171 jobs Freedom Mortgage Corp. acquired RoundPoint Mortgage Servicing Freedom Mortgage Corp. acquired Sterling National Banks mortgage operations Freedom Mortgage Corp. bought the assets of BluFi Lending Freedom Mortgage Corp. acquired Continental Home Loans Freestand Financial closed Fremont General exited secondary sub-prime market, layoffs Fremont General filed Ch. Some of these are extremely old, would really be good if you could start including the date you posted it for reference purposes. All rights reserved. They have laid off 80% of their staff in the last few months. A similar trend is surfacing in the finance industry, which also hired aggressively as it benefited from a post-pandemic economic and financial market boom. Wells Fargo let 1100 go on 6/23/22 (via voicemail message)oddly this news is nowhere to be found on the internet. On a one-day basis . This time its including managers in all departments. The same flexibility hasn't been on display from others on the Street to kick off 2023. Sign up now to get the Washington Examiners breaking news and timely commentary delivered right to your inbox. The company ranked no. Finance of America Mortgage Is this your company? It makes you wonder what these companies were doing to invest their money in sound investments. 7/1/22 Based on the separation agreement it appears that at least 170+ were laid off. Learn More $85B+ Loans Originated Since Start of 2017 Outstanding Products & Services We continue to introduce best-in-class loan products and services that our customers value. Hello Im selling my house and have been informed that I have a lien on my title from Aames Funding Corp. I guess people looking for another mortgage jobs is slim and none. Paid off mortgage in 2004 Washtenaw Mort. Its all public information, usually from WARN notices or other financial disclosures. Next lay offs will be Saturday 8/24/22. Bradley Mortgage Capital LLC acquired Legacy Group Lending Inc. Waccamaw Bank shut by FDIC Wachovia halted wholesale lending, 11,000 layoffs Wachovia closed Equibanc, 115 layoffs in bay area Wachovia shut Waterbury, CT retail mortgage office, 65 layoffs Wachovia cut 50 mortgage processing jobs in Boynton Beach, FL Wachovia cut 240 mortgage and banking jobs in San Antonio Wachovia cut 200 positions in corporate and investment banking unit Wachovia reportedly closed four offices in Germany due to crisis Wachovia stopped offering mortgages at many branches, 600 layoffs Wachovia shut mortgage center in Tampa, 57 layoffs Wakulla Bank shut by FDIC Walter Investment Management Corp. acquired certain assets from Residential Credit Solutions Walter Investment Management Corp. acquired reverse mortgage lender Security One Lending Walter Mortgage Co. to wind down mortgage lending Warehouse USA closed Warren Bank shut down by FDIC WashingtonFirst acquired 1st Portfolio Washington First International Bank shut by FDIC Washington Mutual shut down WaMu stopped wholesale lending, 3,000 layoffs Washington Mutual layoffs, halting subprime lending Washington Mutual laying off 50 in Capital Markets Washington Mutual to cut 1,200 jobs Washington Mutual cuts Commercial Correspondent/Wholesale Lending Washington Mutual layoffs, exited warehouse/correspondent market Washington Mutual layoffs as high as 1,000, closing 3 fulfillment centers Washington Savings Bank stopped wholesale lending Washtenaw Mortgage Company closed Waterfield Bank shut by FDIC Waterford Village Bank shut by FDIC Waukegan Savings Bank shut by FDIC WCI Communities cut 575 jobs Wealthbridge Mortgage shut down, layoffs Webster Bank to cease wholesale and correspondent lending Webster Financial Corp. purchased Sterling Bancorp Webster Financial to cut 240 jobs Weichert Financial laid off 70+ operations staff Wells Fargo cut 59 mortgage jobs in Washington state Wells Fargo cut 68 mortgage jobs in Charlotte and Fort Mill Wells Fargo cut 122 mortgage jobs in San Bernardino Wells Fargo relocate ~350 mortgage servicing workers from Charlotte to Fort Mill, S.C Wells Fargo laid off 87 mortgage workers in Raleigh Wells Fargo cut 91 jobs in Fort Mill on soft refinance demand Wells Fargo cut commercial mortgage jobs in Oakland, CA Wells Fargo cut 100 jobs in Fort Mill, 130 in Twin Cities, and 63 at Frederick, MD office Wells Fargo cut 120 jobs at reverse-mortgage servicing operation in Fort Mills, SC Wells Fargo cut 40 mortgage jobs in Des Moines, IA Wells Fargo cut 115 jobs from call center in Roanoke, VA Wells Fargo cut 91 mortgage jobs in Fort Mill, S.C Wells Fargo closed Milwaukee mortgage center, cut 1,000 jobs Wells Fargo laid off 468 home mortgage workers in Homewood, AL Wells Fargo cut 763 mortgage jobs in St. Louis Wells Fargo cut 350 mortgage jobs nationwide thanks to higher interest rates Wells Fargo cut 2,323 mortgage jobs nationwide, including 365 in Birmingham, 330 in Orange County, CA, 292 in Phoenix, and 284 in Charlotte Wells Fargo cut 900 mortgage jobs, including 400 in Des Moines Wells Fargo closed retail mortgage fulfillment center in Dayton, OH, cut 63 jobs Wells Fargo halted wholesale mortgage lending Wells Fargo cut 113 home retention workers in Bellevue, WA Wells Fargo stops reverse mortgage lending Wells Fargo closed Grand Junction, CO mortgage center, 55 layoffs Wells Fargo cuts 4,500 mortgage jobs Wells Fargo halts wholesale reverse mortgage lending Wells Fargo cutting jobs as HARP demand falls Wells Fargo cutting 145 wholesale mortgage jobs in Orange County Wells Fargo to buy Wachovia Wells Fargo Financial to close 638 stores, halt origination of non-prime portfolio mortgages Wells Fargo Home Mortgage halts wholesale non-conforming lending Wells Fargo Alternative Lending Wholesale closed, layoffs nationwide Wells Fargo Home And Consumer Finance Group layoffs Wells Fargo stops mortgage lending in Canada Wells Fargo layoffs in home equity division Wells Fargo layoffs in Billings, MT Wells Fargo shutting wholesale division in Concord, CA, 137 layoffs Wells Fargo Home Mortgage office in Amherst, NY closed Wells Fargo Home Mortgage acquired Pride Mortgage Wells Fargo Home Mortgage cut jobs in Fort Mill, SC Wescom Credit Union exited wholesale lending WestBridge Bank and Trust Company shut by FDIC Westernbank Puerto Rico shut by FDIC Western Alliance Bancorp purchased Aris Mortgage Holding Company, parent company of AmeriHome Western Alliance Bank acquired Galton Funding Western Bancorp exited wholesale and correspondent lending Western Commercial Bank shut by FDIC Western Corporate (WesCorp) Federal Credit Union placed in conservatorship Western National Bank shut by FDIC Western Springs National Bank and Trust shut by FDIC Westside Community Bank shut by FDIC Westsound Bank shut down by FDIC WestStar Bank acquired assets of Cimarron Mortgage Capital West Texas Credit Union shut down WestWorks Mortgage closed Wheatland Bank shut by FDIC Williamsburg First National Bank shut by FDIC William Lyon Homes acquired South Pacific Financial Corporation, rebranded as ClosingMark Homes Loans, Inc. Wilmington Finance stopped wholesale lending, hundreds of layoffs Windsor Capital Mortgage Corp. closed down Wilshire Bancorp acquired certain assets and operations of Bank of Manhattans Mortgage Lending Division Wingspan Portfolio Advisors closed Melbourne, Florida office, 150 layoffs Wingspan Portfolio Advisors cut another 100 jobs in Monroe, LA Winstar Mortgage ceased operations Wintrust Mortgage acquired Veterans First Mortgage Wintrust Financial bought certain assets and liabilities from Surety Financial Services Wintrust Mortgage acquired mortgage business of American Homestead Mortgage LLC Wintrust Mortgage Corp. shut wholesale mortgage division Wipro purchased Opus Capital Markets Consultants WJ Bradley Mortgage ceased operations WMC Mortgage filed Chapter 11 bankruptcy WMC GEs subprime unit cut 460 jobs, reported closed and for sale WMC Mortgage layoffs WNS (India outsourcing) redeploying employees due to mortgage shakeup Woodlands Bank shut by FDIC World Savings sold to Wachovia WSB Financial Group Inc. cutting 33 mortgage jobs Wyndham Capital Mortgage laid off 78 staff in Charlotte XBancorp closed wholesale Xceed Mortgage Corp. (Canada) stopped originating loans via brokers Xceed Mortgage Corp. (Canada) cut two-thirds of staff (74 jobs) Xceed Mortgage Corp. (Canada) cut 26 jobs, about 18 percent of staff Xome Realty Services cut 72 jobs in Lewisville, TX ZAIS Financial Corp. acquired GMFS, LLC Zillow Offers laid off 80 employees. Your email address will not be published. I think they acquired some parts of the company in early 2016. Could have done this with more class. In her March interview with HousingWire, Cook said the company expected to consolidate the wholesale businesses under Joe Hullinger, the president of Finance of America Commercial. Do you know WHY our loan was transferred/sold, and what is Rushmores track record on giving loan modifications and/or principal reductions. Angel Oak Home Loans (Retail, not wholesale) just laid off a bunch of people from all departments (Sales, UW, Processing, Closing, Management). Keeping all the department heads dead weight and hiring based on lower compensation plans, lower scale talent, and making others do more work will only come back to bite the entity in the end and hurt the brand and culture. I would like to know when Residential Credit Solutions sent out of business or was acquired by Ditech. Now we face yet another potential housing crisis, due to lofty property values and a doubling of mortgage rates (3% to 6%) in less than a year. I am just getting everyone ready as I dont feel its right to just do it with out warning. Like many other tech companies that [] Primary Residential Mortgage, Inc. (PRMI) laid off 1/3 of their staff last month over the course multiple weeks and laid off several executives (VP EVP) yesterday. Ride-sharing giant Lyft in November revealed to staff that it would be cutting some 700 jobs in an effort to bolster its business, which is facing a slowing economy, heading into 2023. Add Caliber to the list, I hear they just shut down a bunch of branches. Finance of America Companies provides a diverse selection of lending products and services that meet customers' financial needs throughout each phase of their lives.

Sand Dollar Gymnastics Meet 2022, Chocolate Newry Drug Dealer, Stovepipe Stoppages Can Happen In What Types Of Pistols, Articles F