This list was updated today with latest layoff figures, mergers and closures.
Cypress Mortgage Capital, Inc. shut down (8/12/22)
LoanDepot to shutter wholesale lending channel (8/9/22)
Matrix Financial Services Corp. to acquire RoundPoint Mortgage Servicing Corp. (8/3/22)
New American Funding cut 300 jobs (8/2/22)
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 (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 Homepoint’s 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
Blend Labs to lay off 200 employees
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 acquired 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 |
