A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company’s mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper.
Category: layoffs
Eyeing next refi boom, lenders plan to maintain or grow payrolls
Lending industry leaders surveyed by Fannie Mae see the lack of housing supply as the biggest risk factor in 2024, but most expect refinancing to pick up next year if rates continue to fall.
Newrez laying off nearly 500 workers after Rithm acquisitions
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending.
Why Recent Layoffs and Unaddressed Employee Grief Are Hurting Your Company’s Bottom Line
Communication can go a long way in creating trust, stability and vision in an organization’s very unstable time of grief. This will, in turn, improve the company’s bottom line as well.
Divvy stays mum as employees report a new round of layoffs
At least seven former employees of the rent-to-own company posted on LinkedIn on Thursday that they had been laid off from the rent-to-own company.
Compass launches third round of layoffs as job cuts extend into 2023
Compass CEO Robert Reffkin sent an email to staff on Thursday morning informing employees of the latest staff reduction, marking the third round of layoffs in eight months.