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.
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.