Open Mortgage

Open Mortgage Does Another Round Of Lay Offs

Former Employees Express Shock On Social Media As Open Mortgage Performs Another Round Of Mass Lay Offs Another round of mass layoffs has struck employees at Open Mortgage. The Texas based lender did a previous round of layoffs in June. Open Mortgage Founder and CEO Scott Gordon confirmed that layoffs had taken place but didn’t […]

Liberty Reverse Mortgage

Liberty Reverse Mortgage Has Record Losses in Q2 Says Ocwen

Ocwen Financial Owned Liberty Reverse Mortgage Has Record Losses In 2nd Quarter.  Executives at Liberty Reverse Mortgage owner Ocwen Financial are worried. Why? Ocwen says the reverse mortgage unit recorded a pre-tax loss of $26 million in Q2 2022. This is in comparison to a profit of $6 million one year prior.  Liberty Reverse Mortgage […]

Rocket Mortgage

Rocket Mortgage Sees Profits Plunge In Second Quarter

Rocket Companies Says Profits For Rocket Mortgage Plunged In Second Quarter. CEO Threatens Layoffs If Things Don’t Improve Rocket Companies, the Rocket Mortgage say the mortgage company’s profits plunged in the second quarter. They claim this is due to rising interest rates and inflation. Therefore, this is  dampening consumer confidence and concerns over a possible […]

New American Funding

New American Funding Eliminates Hundreds Of Jobs

Sources Say New American Funding Eliminated Loan Officers, Processors And Underwriters In Another Lay Off Sweep Former employees say New American Funding has laid off hundreds of employees on Tuesday. New American Funding eliminated several hundred positions. The company laid off loan officers and underwriters. In addition the company also laid off processors and training […]

PennyMac Financial Services

PennyMac Financial Services Cuts Another 32 Jobs In California

PennyMac Financial Services Has Cut Nearly 500 Jobs Since March Mortgage lender Pennymac Financial Services has laid off an additional 32 employees in July. PennyMac has laid off a  total of 475 employees since March 1st.  This is the California-based company’s third round of layoffs this year, as Pennymac had a workforce reduction of 236 employees […]

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