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These mortgage lenders have cut jobs in 2022

Few originators have been left unscathed by a big reduction in origination volume. We've put together a list of mortgage lenders that have instituted layoffs in 2022. Is your lender on here? ....

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Mr. Cooper cuts more jobs as origination outlook dims

Top-10 residential lender and servicer Mr. Cooper has cut another 420 jobs, the second major layoff it has made this year. It's also lowered guidance on originations income in Q2. ....

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Pennymac plans to lay off another 207 employees

Pennymac Financial Services will lay off 207 additional employees in June and July following a previous layoff announcement in March. ....

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Purchase rates decline to 5.25% as demand wanes

Purchase mortgage rates averaged 5.25%, down five basis points from last week, according to the Freddie Mac PMMS. ....

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Layoffs, again: Fairway is the latest lender to trim workforce

Fairway staff across the country received phone calls last week announcing they were part of a round of layoffs, sources told HousingWire. ....

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