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Page 15 - Mike Malloy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mortgage Market Strain Starts to Squeeze Major Players

The mortgage industry is weathering a tough market with high inflation and mortgage rates, forcing major companies to downsize.

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Rocket And Wells Fargo Eye Buyouts And Layoffs In Face Of Rising Rates

Rocket Mortgage and Amrock are offering buyouts to 8 percent of its workforce while Wells Fargo laid off employees last week.

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Rocket Mortgage to trim workforce as home-loan market shrinks

The Detroit-based lender is offering a voluntary buyout program following two years of record mortgage-origination volume.

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Rocket offers voluntary buyouts to 8% of workforce

Rocket Companies said late Monday that it would be offering buyouts to 8% of its staff at its mortgage operations and title teams.

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Rocket Mortgage, Amrock seek buyouts amid slumping home lending market

From Crain's Detroit Business: Two businesses housed within Detroit-based Rocket Companies Inc., which has a substantial Cleveland presence, announced Monday, April 26, that they are offering buyouts to a chunk of their roughly 17,000-strong workforce.

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