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  2. Mortgage Layoff Alert & 4 Shakeout Bets – after refi apps ...

    www.aol.com/news/mortgage-layoff-alert-4...

    Mortgage layoffs & cost cuts are normal as rates rise, but lenders will still fund $2.6t in 2022. Here's which lenders will thrive and struggle. Mortgage Layoff Alert & 4 Shakeout Bets – after ...

  3. Mortgage companies could intensify the next recession, US ...

    www.aol.com/mortgage-companies-could-intensify...

    As of 2022, nonbank mortgage companies originated about two-thirds of US mortgages and owned the servicing rights on 54% of mortgage balances, according to FSOC. That’s up significantly from 2008.

  4. Another round of layoffs hits Wells Fargo in metro Des ... - AOL

    www.aol.com/another-round-layoffs-hits-wells...

    Wells Fargo announces additional layoffs, ... according to a Des Moines Register analysis of the area’s declining finance and insurance industry ... Wells Fargo Home Mortgage Corporate Office is ...

  5. Mortgage industry of the United States - Wikipedia

    en.wikipedia.org/wiki/Mortgage_industry_of_the...

    Investors in conforming loans, meanwhile, gain low-risk income at a higher interest rate (essentially the mortgage rate, minus the cuts of the bank and GSE) than they could gain from most other bonds. Securitization has grown rapidly in the last 10 years as a result of the wider dissemination of technology in the mortgage lending world.

  6. Guaranteed Rate - Wikipedia

    en.wikipedia.org/wiki/Guaranteed_Rate

    Guaranteed Rate Companies, doing business as Rate, is a U.S. residential mortgage company headquartered in Chicago, Illinois. [2] Founded in 2000 by Victor Ciardelli, the company had $55 billion in funded volume in 2022, down 25% since 2020. [3]

  7. US planned layoffs drop again in October, recruitment firm ...

    www.aol.com/news/us-planned-layoffs-drop-again...

    Firms announced 55,597 layoffs last month, down 23.7% from the 72,821 announced in September, outplacement firm Challenger, Gray and Christmas said. Layoffs would have been even lower last month ...

  8. 2000s United States housing market correction - Wikipedia

    en.wikipedia.org/wiki/2000s_United_States...

    The head of the mortgage industry consulting firm Wakefield Co. warned, "This is going to be a meltdown of unparalleled proportions. Billions will be lost." Bear Stearns pledged up to US$3.2 billion (~$4.53 billion in 2023) in loans on 22 June 2007 to bail out one of its hedge funds that was collapsing because of bad bets on subprime mortgages ...

  9. Be Grateful You're Not in the Mortgage Industry - AOL

    www.aol.com/news/2011-04-12-be-grateful-youre...

    While most sectors seemed to be recovering in 2010, there was a drop in hirings from 2009 in the mortgage industry. In fact, mortgage jobs went from a net gain in 2009 to a net loss last year ...