Trending

Layoffs, Shutdowns Hit Mortgage Industry As High Rates Crush Lending

  • With interest rates hitting 14-year-highs and lending activity way down from the peaks of the past two years, layoffs and shutdowns are happening with alarming frequency.
  • Real estate company Redfin laid off 8 percent of its staff in June.
  • Rocket, one of the largest non-bank mortgage lenders, has done two rounds of cuts.
Click to read full article

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.