Lender Implode 2.0 – The Latest List Of Lender Implosions And Layoffs. This List Is Updated Daily!

Lender Implode 2.0 tracks the mortgage lenders who have imploded or are showing the signs of imploding. The list also contains the companies that have had mass layoffs or imploded into bankruptcy. The list will be updated as new mortgage lenders announce layoffs or implode into bankruptcy.

The List of Company closings their doors, having layoffs or filing bankruptcy in 2022:

November 2022

1. Redfin Laying Off More than 800 Employees (11/10/2022)
2. Athas Capital Group To Shut Down And Fire 213 Employees (11/7/2022)
3. Mr. Cooper Mortgage Axes 800 Employees (11/4/2022)

October 2022

1. AAG Does Another Round Of Layoffs (10/29/2022)
2. PennyMac to Cut An Additional 80 More Employees (10/27/2022)
3. Summit Funding To Cut 72 Staff Members (10/12/2022)
4. Keller Mortgage Does Another Round Of Layoffs (10/7/2022)
5. AnnieMac Announces It Has Stopped Funding Wholesale Loans (10/1/2022)
6. Finance of America Plans To Exit Wholesale Lending (10/1/2022)

September 2022

1. Angel Oak Mortgage Solutions Cuts 20% Of Staff (9/30/2022)
2. Goldman Sachs lays off 500+ Employees (9/27/2022)
3. Caliber Home Loans Lays Off 300+ Employees (9/25/2022)
4. Citimortgage Does Another Round Of Layoffs (9/10/2022)
5. Freedom Mortgage Conducts Layoffs And Sends Jobs To India (9/8/2022)
6. Mountain West Financial Pulls Plug On Wholesale Lending (9/3/2022)
7. AmeriSave Wholesale Mortgage Solutions Abruptly Shuts Down (9/3/2022)
8. Homepoint Has Laid Off 100+ Employees (9/3/2022)
9. Suburban Mortgage Pulls The Plug On Mortgage Lending (9/3/2022)

August 2022

1. Rocket Mortgage Extends Buyout Offers (8/31/2022)
2. Compass Plans Secret Layoffs In October (8/30/2022)
3. AAG Announces Another Round Of Mass Layoffs (8/24/2022)
4. Wells Fargo Pulls The Plug On Mortgage Lending (8/17/2022)
5. Impac Mortgage Reports $13.5 Million Loss (8/15/2022)
6. California-based LoanDepot closes it’s Wholesale Channel (8/11/2022)
7. Freedom Mortgage fired 300 people from their Deerfield Beach, FL Headquarters (8/5/2022)
8. Rocket Mortgage says profits are down 91%. Layoffs are imminent says CEO (8/5/2020)
9. Open Mortgage lays off 1/3 of it’s workforce (8/1/2022)

July 2022

1. Pennymac to cut 32 jobs in Thousand Oaks, CA (7/21/22)
2. Flyhomes to reduce staff by 20% (7/20/22)
3. Texana Bank to cut 58 jobs in Irvine, CA (7/15/22)
4. Kiavi Lays Off 7% Of It’s Employees (7/15/22)
5. LoanDepot cuts 5,000 jobs (7/12/22)
6. Sprout Mortgage Imploded (7/8/22)
7. Wells Fargo to cut 107 jobs (7/6/22)

June 2022

1. First Guaranty Mortgage Corp. files Chapter 11 bankruptcy (6/30/22)
2. First Guaranty Mortgage Corp. cut 428 jobs (6/24/22)
3. Chase to cut 1,000 home lending jobs (6/22/22)
4. Notarize let go of 25% of staff (6/15/22)]
5. Compass to cut 10% of its workforce (6/14/22)
6. Redfin to slash nearly 500 jobs (6/14/22)
7. Wyndham Capital Mortgage to cut 48 jobs (6/9/22)
8. Real Genius (FirstBank) laying off 74 employees (6/2/22)
9. Tomo cuts 44 jobs (6/1/22)

May 2022

1. Real Genius (FirstBank) laying off 35 employees (5/31/22)
2. Wells Fargo cut roughly 90 mortgage jobs (5/24/22)
3. Nationstar Mortgage (Mr. Cooper) cutting 120 jobs (5/20/22)
4. Costco Mortgage program no longer available as of May 1st, 2022 (5/1/22)

January 2022 Through April 2022

1. Pennymac to cut 45 jobs
2. Mr. Cooper cut roughly 250 jobs during Q1 2022
3. Owning to cut 189 jobs
4. Union Home Mortgage layoffs
5. Flagstar Bank cut 20% of mortgage staff (420 jobs)
6. Rocket Mortgage offering buyouts to 8% of staff
7. Blend Labs to lay off 200 employees
8. USAA Bank cut 90+ mortgage jobs
9. Movement Mortgage layoffs (based on industry reporting)
10. PennyMac to cut 227 jobs
11. Prospect Home Finance to cut 5 jobs
12. PennyMac to cut 81 jobs
13. Knock to reduce its workforce by approximately 46%
14. Better Mortgage to cut additional 3,000 jobs in United States and India
15. WinnPointe Corporation dba Interactive Mortgage to cut 51 jobs
16. Santander Bank halts all mortgage lending including HELOCs, layoffs (2/2/22)
17. Stearns Wholesale to shut down, 348 layoffs (1/6/22)
18. Zillow cut 32 jobs in Coppell, TX (1/3/22)
19. Genpact Mortgage Services Inc. cut 14 jobs
20. Better Mortgage to cut roughly 900 jobs (9% of staff)
21. Interfirst Mortgage to cut 77 jobs

Also, Check Out More Lender News On Our Main Page