SitusAMC just eliminated an unknown amount of positions. They laid off over 100 people. Fairway just did a round of layoffs. I can see the value of keeping those posted but a date is incredibly important. I cant believe it hasnt been reported anywhere, Monday Freedom Mortgage laid off 160 Government Underwriters Monday May 23rd, Provident Funding laid off roughly 50 in Nov 2021 and had another round on June 2nd 2022 (exact figures unknown but estimates around 20-40 people). They also laid off bunch of people from Stearns, who they just bought last year. Neighborhood Loans had a Layoff May 9th, 2022. I cannot recall who bought Round point in 2006-2007. Discover Home Loans shuts down Ditech sold reverse mortgage business to Mortgage Assets Management, LLC Ditech closed St. Paul office, let go of 210 employees Ditech closed Rapid City, SD call center, cut 450 jobs Ditech cut 79 jobs as it closes Kennesaw, Georgia facility Ditech exited retail channel, ~200 layoffs Ditech closed San Antonio office, 78 layoffs Ditech cut 103 jobs in St. Louis area Ditech closed Irving, TX office and laid off 437 employees Ditech 181 layoffs Ditech cut 120 jobs at Costa Mesa, CA headquarters Dollar Mortgage Corp. being acquired by Shearson Financial Network Domestic Bank shutting down wholesale unit Doral Bank En Espanol shut by FDIC Douglas County Bank shut by FDIC Dover Mortgage Company shutting wholesale mortgage division Dover Mortgage Co. cut 17 employees Downeast Mortgage Corp. to shut down Downey Savings shut down by the FDIC Downey Savings shut wholesale channel Draper and Kramer Mortgage merged with 1st Advantage Mortgage LLC DuPage National Bank closed by FDIC Dwelling House Savings and Loan Association shut by FDIC eBank shut down by FDIC E-Loan/Banco Popular Wholesale Mortgage to cease lending E-loan closed sub-prime wholesale division, layoffs E-Loan layoffs E-Trade exits wholesale mortgage business E-Trade to halt mortgage lending Earl Shilton building society (UK) halts mortgage lending Earthstar Bank shut by FDIC Eastern Financial Florida Credit Union put in conservatorship Eastside Commercial Bank shut by FDIC Edgebrook Bank shut by FDIC Edgewater Lending Group halts wholesale lending Edward Jones Mortgage shut down, 200+ possible layoffs Egg Mortgages (Citi-owned UK finance unit) no longer accepting applications Elizabeth State Bank shut by FDIC Ellie Mae acquired AllRegs Ellie Mae acquired MortgageCEO Empire Bancorp Mortgage Bankers shut down Encore Bank laid off 300 employees ECC Capital/Encore Credit sold to Bear Stearns, 100 layoffs announced Aug. 17 Encore Credit laid off 100 Account Executives at wholesale unit in Irvine, CA Encore Credit merging with Bear Stearns Residential Mortgage Enterprise Financial Services bought Gorman & Gorman Home Loans Entrust Mortgage closed Equibanc closed by Wachovia Equifirst shutting down Equifirst layoffs, bought out by Barclays Bank PLC EquiFirst cut 64 jobs in Arizona Equipoint halted wholesale lending, shut 70+ branches Equitable Mortgage merged into Flat Branch Home Loans Equitable Reverse Mortgage closed doors Equitable Trust Mortgage Corp. suspended by FHA Equity One (a unit of Popular Inc.) cut 147 jobs in Marlton, NJ Equity Title (owned by Coldwell Banker) layoffs Eurobank shut by FDIC Evansville Teachers FCU acquired First Liberty Financial Mortgage EverBank laid off 302 employees in Jacksonville EverBank Financial ceased wholesale lending, closed three operations centers in Dallas, Jacksonville, and Sacramento while cutting 150 jobs Evergreen Bank shut by FDIC Evergreen State Bank shut by FDIC Excel Bank shut by FDIC Exchange Financial temporarily discontinuing its Wholesale/Correspondent business eXp Realty reduced headcount by approximately 15% Expanded Mortgage Credit closed wholesale Express Capital Lending not accepting new submissions until further notice Family First Mortgage Corp. ceases operations, layoffs Fannie Mae 200 layoffs Fannie Mae consolidated three Dallas offices, possible layoffs Fannie Mae and Freddie Mac bailed out Farmers and Traders State Bank shut by FDIC Fayette County Bank shuttered by FDIC FBR Capital Markets cut 75 jobs FBR selling subprime unit Federal Home Loan Bank of Seattle merged with the Federal Home Loan Bank of Des Moines Federal Savings Bank acquired Baytree National Bank & Trust Fenway Summer merged with Ethos Lending Fidelity Bank shut by FDIC Fidelity Homestead Savings Bank purchased NOLA Lending Group LLC Fidelity National Financial to buy LandAmerica (large title companies) Fidelity National Financial terminated LandAmerica merger Fidelity National Information Services cut 35 jobs in Jacksonville Fidelity Trust Bank selling residential mortgage company Fidelity Trust Mortgage Inc. Fieldstone Mortgage bankruptcy Fieldstone Mortgage Co. halted new business, closed Las Vegas branch, layoffs Fifth Third Bank closed 44 Chicago-area branches Fifth Third Bank ceased wholesale mortgage lending Fifth Third Bank wholesale mortgage layoffs in Charlotte, NC as refinance demand wanes Fifth Third Bank 700 layoffs Fifth Third to discontinue Alt-A lending Finance America closed Finance of America acquired wholesale lending assets of Parkside Lending LLC Finance of America closed Roseville, CA office, 33 layoffs Finance of America Mortgage acquired Skyline Home Loans Financial Freedom cut 65 jobs in Irvine, CA office Financial Title Company closing, layoffs Firstar Bank acquired assets of Leader Mortgage First Advantage acquired CredStar First American Bank to cease wholesale lending First American Corp. (title insurer) layoffs at 1,900 First American Financial purchased Interthinx First American Title Insurance cut 116 jobs in Santa Ana, CA First Arizona Savings shut by FDIC FirstBank acquired Franklin Synergy Bank FirstBank sold correspondent lending unit to Rushmore Loan Management Services LLC FirstBank purchased wholesale mortgage division of StellarOne Corp. FirstBank to shut down wholesale mortgage division Oct. 31 FirstBank Financial Services shut down by FDIC FirstCity Bank shut down by FDIC FirstLine Mortgages (Canadas largest mortgage broker) stopped mortgage lending First Bancshares acquired The Mortgage Connection, LLC First BankAmericano shut by FDIC First Bank of Beverly Hills shut down by FDIC First Bank of Idaho shut down by FDIC First Bank of Jacksonville shut by FDIC First Bank of Kansas City shut down by FDIC First Banking Center shut by FDIC First Banks of St. Louis bought Coast Bank First California Mortgage Company shut down, layoffs First Capital Bank shut by FDIC First Centennial Bank shut down by FDIC First Cherokee State Bank shut by FDIC First Choice Bank shut by FDIC First Choice Community Bank shut by FDIC First Choice Loan Services, Inc. ceased operations, for sale First Collateral Services (Citi) 126 layoffs First Collateral Services (Citi) cut 150 jobs First Commerce Community Bank shut by FDIC First Commercial Bank shut by FDIC First Commercial Bank of Florida shut by FDIC First Commercial Bank of Tampa Bay shut by FDIC First Community Bancorp layoffs First Community Bank shut by FDIC First Community Bank of Southwest Florida (Community Bank of Cape Coral) shut by FDIC First Community Mortgage (FCM) acquired a Mortgage Boutique (AMB) First CornerStone Bank shut by FDIC FirsTier Bank shut by FDIC First Consolidated Mortgage Co. subprime wholesaler shutting down, in dispute First Coweta Bank shut down by FDIC First Direct Lending stopped accepting applications First DuPage Bank shut down First East Side Savings Bank shut by FDIC First Federal Bank shut by FDIC First Federal Bank of California halted wholesale lending First Federal Bank of California shut by FDIC First Federal Bank of North Florida shut by FDIC First Fidelity Financial closed its doors First Financial Bank buy 4Trust Mortgage First Franklin to be shut down, 650 layoffs First Franklin Financial layoffs, sold to Merrill Lynch First Franklin firings/layoffs rumored First Georgia Banking Company shut by FDIC First Georgia Community Bank shut down by FDIC First Guaranty Bank and Trust Company of Jacksonville shut by FDIC First Guaranty Mortgage Corp. acquired goodmortgage.com First Guaranty Mortgage Corp. cut 82 jobs in Frederick, MD First Heritage Bank shut by FDIC First Horizon shut down mortgage operations First Horizon cutting 1,500 jobs, closing 50 offices First Horizon National Corp. divested its subprime mortgage loan portfolio First Horizon discontinued national construction and commercial lending, 160 layoffs First Horizon to sell or shut down mortgage unit First Indiana Wholesale closed wholesale consumer lending operations First Integrity Bank shut down by FDIC First International Bank shut by the FDIC First Lowndes Bank shut by FDIC First National Bank of Crestview shut by FDIC First National Bank (Rosedale, MS) shut by FDIC First Madison Mortgage shut down First Magnus no longer funding or originating any mortgage loans First Mortgage Corp. shut down, Freedom Mortgage to acquire select assets/employees First National Bank shut by FDIC First National Bank of Arizona halts retail mortgage lending, 35 layoffs First National Bank of Danville shut by FDIC First National Bank of Davis shut down by FDIC First National Bank of Florida shut by FDIC First National Bank of Georgia shut by FDIC First National Bank of the South halts wholesale lending First National Bank of the South shut by FDIC First National Mortgage Sources shut down First NLC bankrupt, halts lending First NLC Financial Services LLC 645 layoffs First Mariner Bancorp closed its wholesale mortgage lending unit First National Bank (also operating as The National Bank of El Paso En Espanol) closed by FDIC First National Bank of Anthony shut by FDIC First National Bank of Arizona shut down by FDIC First National Bank of Central Florida shut by FDIC First NBC Bank shut by FDIC First Niagara Financial Group, Inc. closed mortgage processing office in Syracuse, 14 layoffs First PacTrust Bancorp, Inc. acquired Gateway Bancorp First Peoples Bank shut by FDIC First Piedmont Bank shut by FDIC First Priority Bank closed by FDIC First Regional Bank shut by FDIC First Security Loan Corp. to shut down First Security National Bank shut by FDIC First Source Funding Group closed First Southern Bank shut by FDIC First Southern National Bank shut by FDIC First State Bank shut by FDIC First State Bank (AZ) shut down by FDIC First State Bank (Sarasota) shut by FDIC First State Bank of Altus shut by FDIC First State Bank of Winchester shut by FDIC First Street Financial closed First Suburban National Bank shut by FDIC First United Bank shut by FDIC First Vietnamese American Bank shut by FDIC Fitch Ratings to cut 150 jobs Flagship National Bank shut down Flagstar Bank acquired 52 Wells Fargo bank branches Flagstar Bank acquired certain assets of Opes Advisors Inc. Flagstar Bank cut roughly 600 jobs thanks to slowing mortgage business Flagstar Bank layoffs total 300 in Troy, MI due to outsourcing Flexpoint Funding reportedly closed wholesale division, now completely shut down Flick Mortgage closed FMF Capital LLC closed Florida Community Bank shut by FDIC FNBA wholesale division and correspondent line shut down, 541 layoffs Fort Lee Federal Savings Bank, FSB shut by FDIC Fortes Financial halted lending Fortes Financial acquired five former National City regional wholesale offices Founders Bank shut by FDIC Foxtons, Inc. filed Chapter 11 bankruptcy Franklin American suspends jumbo wholesale lending Franklin Bank shut down by FDIC Franklin Bank Corp. closing warehouse line, layoffs Franklin Credit Management Corp. suspends loan acquisition and origination Franklin First Financial shut down Freddie Mac cut 100+ jobs Freedom Bank shut down by FDIC Freedom Bank of Georgia shut down by FDIC Freedom Financial shutting down Freedom Mortgage Corp. acquired J.G. Non-QM lender was doing $380M/month in loan volume, former executive says. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on SMS (Opens in new window). Some of the employees who were informed that they are being laid off in the conference call on July 6 are also posting about the layoffs on social media. Guaranteed Rate has had several layoffs this year. Sprout had already instituted several rounds of job cuts in the months leading up to the shutdown. Yeah, in hindsight a date next to each entry would of been smart. Your email address will not be published. My husband and I have recently applied for a home equity loan. Any news about the amount/locations/departments of Penfed employees laid off? Animate, manage influencer marketing, build and launch corporate as well as employer brand and recruitment marketing, protect reputation, and more!. Due to the slowdown in the number of loans being applied for and issued, many companies are finding their pipeline of revenue being squeezed to a trickle. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Sprout Mortgage was averaging $380 million a month in loan volume before it abruptly shut down on Wednesday.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'layoffstracker_com-box-3','ezslot_3',167,'0','0'])};__ez_fad_position('div-gpt-ad-layoffstracker_com-box-3-0'); Thats the word from a former executive who thought everything was going great and was blindsided when the company closed. Each entry would of been smart a home equity loan entry would of been smart recently! The months leading up to the shutdown had already instituted several rounds of job cuts in the leading! 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