Wells Fargo conducts another round of layoffs in home lending business
Wells Fargo issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel.
Wells Fargo issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel.
USAA eliminated 130 positions in the real estate lending group amid projections of the mortgage industry shrinking in 2023.
The workforce reduction started on Tuesday with correspondent lending employees at the Wells Fargo Mortgage office in Springfield, Illinois.Â
The lawsuit was filed against loanDepot by about 40 former loanDepot employees over a number of alleged labor violations.
The first half of the housing market in 2022 might be described as “Fast and Furious.” The second half? More like “Frozen” or “The Big Chill.” Here’s how 2023 is shaping up.