Late last year, Facebook parent Meta Platforms (META) announced plans to lay off 11,000 workers, or 13% of its overall workforce. But unlike peers at [hotlink]Goldman Sachs[/hotlink] and [hotlink]Morgan Stanley[/hotlink] who have resorted to mass layoffs, Bank of America CEO Brian Moynihan and CFO Alastair Borthwick are opting for a different strategy. The former CEO said these were steps to optimize the companys businesses amid the current environment. Was made a part of Envoy Mortgages 5th round of layoffs (since July) yesterday. 7/1/22 Based on the separation agreement it appears that at least 170+ were laid off. Official Filing. Finance of America Companies . Layoffs occurred at the end of August. But unlike peers at Goldman Sachs and Morgan Stanley who have resorted to. What Credit Score Do You Need to Get a Mortgage? Expect more layoffs, if not another complete closure, in the coming weeks/months. Like many competitors, FoAs traditional mortgage business has been affected by higher mortgage rates. Big cities run by Democrats for decades are now supposedly 'ungovernable', HBO's sexploitation is a workers' rights travesty, WATCH: Steven Spielberg likens rise in antisemitism to 'Germany in the '30s', AOC gloats after construction of Virginia Amazon headquarters delayed as company cuts jobs, Alex Murdaugh trial: Watch the key video that could've sealed guilty murder verdict. Finance of America Mortgage LLC (FoA) has announced it will stop funding or purchasing correspondent loans through its forward wholesale and non-delegated correspondent channels next month.. Advanced product, pricing and eligibility technology creates efficiencies and helps lenders compete in a fast-paced market. Site by, The new, must-have technology thats tackling lendings greatest challenges. Many U.S. hospitals are turning to layoffs to cut costs as they recover from the financial hit of the COVID-19 . Even better, didnt even take the time to look anyone in the eye, a thank you, handshake, or apology. Bank of America CEO Brian Moynihan said Friday that his firm is preparing for a recession, including a situation in which the recession is worse than anticipated and unemployment rises from the 3.5% level it is at now up to 5.5% this year. Just got my severance package. Between the first and second quarter of 2006 alone, mortgage repurchase requests also tripled thanks to shoddy underwriting that was prevalent during that era. Theyll be keeping the loan originators, however. Thank you.! Do you know anyone who might know anything to help us get this resolved? They cut a larger portion of people in June. I cant believe it hasnt been reported anywhere, Monday Freedom Mortgage laid off 160 Government Underwriters Monday May 23rd, Provident Funding laid off roughly 50 in Nov 2021 and had another round on June 2nd 2022 (exact figures unknown but estimates around 20-40 people). The shutdown of Finance of America Mortgage will accelerate the companys ability to partner with large mortgage lenders and other financial services companies to offer FoAsspecialty finance and services (SF&S) solutions on their platforms, Fleming added. HSBC Confirms up to 4,700 Layoffs London-based HSBC, which is the seventh largest bank in the world, is ready to discharge up to 4,700 employees this year, the financial institution confirmed recently. Hard to know unfortunately but maybe start with HSBC. Flagstar Bank laid off 150 people last Friday, I was one of them after over 20 years. Rocket Mortgage is consolidating heavily. In the United States, more than 90,000 workers in the tech sector were laid off in 2022, according to tracking by Crunchbase News. 09/22/2022 Chase laid off 200 mortgage employees across retail and correspondent Channels. US WILL HIT DEBT CEILING NEXT WEEK, YELLEN SAYS IN ANNOUNCING EXTRAORDINARY MEASURES. where do you get your info. It was owned by HSBC, which may have sold it to any number of different servicing companies. Back then, scores of mortgage companies consolidated, laid off employees, sent out scary warnings, and went out of business. And JPMorgan's Dimon said in a televised interview with Fox Business Network last week that the bank has "a lot of growth plans.". The same flexibility hasn't been on display from others on the Street to kick off 2023. Amazon (AMZN) CEO Andy Jassy said late Wednesday the company would cut "just over 18,000 roles," a higher reduction than initially planned. You disgust me beyond measure! I dont know how many, but departments have been completely let go. Latest USAA employee reduction impacts mortgage unit . Finance of America doesn't charge prepayment penalties on any of its loans, and you can lock in a mortgage rate for up to 85 days for free. Original mortgage with Advent filed 8/8/2007. Youve got to let people go, Patti Cook, the former chief executive officer, told HousingWire in an interview in late March. In its fourth-quarter update, Morgan Stanley also announced the bank began a fresh round of job cuts last month. Learn More Our Leadership Finance of America Companies is led by a close-knit group of long-time colleagues with deep industry expertise. Santander Bank just announced today that they are closing their entire home loans and HELOC divisions and will stop taking applications February 11th. Amerifirst Home Mortgage (Kalamazoo, MI) layoffs at end of first quarter. That includes the. Wow that list is pretty long. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Guaranteed Rate has also been laying off in the affiliate companies including Affinity and OriginPoint. if you have been with them less then three years you will possibly be let go. Of the aggregate pre-tax charges of about $145 million to $164 million, the lender estimates about $12 million to $18 million will consist of employee severance, retention and related benefits. Need a copy of a payoff statement. They laid off people who have been with the company for decades, people on FMLA, and even a mother with a newborn baby. ~60 people. Finance of America Posts Nearly $1.4B Loss Due To Accounting Change Christine Stuart Mar 04, 2022 A 53% increase in Specialty Finance and Services (SF&S) segments revenue almost entirely offset the decline in mortgage revenue similarly experienced by the broader market. While finance and tech firms are beginning to start seeing layoffs, many other parts of the labor market are chugging right along despite the rate increases. How do you transition from QC defense to offense in 2023? Goldman Sachs Solomon admitted last month in an interview at the Wall Street Journals CEO Council Summit the company hired at a frenzied pace to keep up with record deal making activity at the time. Jan 2023. In an effort to reduce overhead, Kalamazoo MI based AmeriFirst Home Mortgage terminated approximately 45 people. Property is in Trust in Mexico and Fiduciary will not release until Metrociti is linked to GMAC. Our baseline scenario contemplates a mild recession. This will affect over 100 employees in all departments. Learn More $85B+ Loans Originated Since Start of 2017 Outstanding Products & Services We continue to introduce best-in-class loan products and services that our customers value. On February the 18th 2022 American Pacific Mortgage had a layoff rumor has It of 226 employees. While Goldman Sachs, Morgan Stanley and others downsized, JPMorgan and Bank of America upsized. Your email address will not be published. U.S. Bank cut approximately 500 MUFG mortgage jobs. Amerifirst Home Mortgage had its 4th layoff this year. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Given how high inflation is right now, why arent mortgage rates even higher? There were some 86,126 mortgage job cuts in 2007, and countless more in subsequent years as major institutions like Bear Stearns, Countrywide Financial, IndyMac, and Washington Mutual all shuttered. In the rapid-fire, volatile mortgage marketplace, lenders need technologies to help them remain nimble and successfully navigate constant change. Guaranteed Rate is laying off again and it will be 300 or more. February 24 , 2023. I was there to assist internal employees with software and technical issues, Glover said. FoA plans to fund forward mortgage loans relating to its mortgage originations segment in the first half of 2023, primarily consisting of forward mortgage loans with extended lock periods and representing less than 11% of the aggregate forward mortgage loan pipeline, according to its filing with the U.S. Securities and Exchange Commission. Finance of America Holdings. Hi, I am looking for information on National Financial Co. based in Highland Park, Illinois. At an industry luncheon last week with executives from top banks including JPMorgan and Morgan Stanley, chatter was dominated by speculation that layoffs will ravage the industry's workforce by. Your email address will not be published. A similar trend is surfacing in the finance industry, which also hired aggressively as it benefited from a post-pandemic economic and financial market boom. At Salesforce, headcount totaled 79,824 as of Oct. 31, per its own third quarter report, up from 69,530 the same time the prior year. Fairway just did a round of layoffs. Trying to find who acquired ICA acquired by American Residential Mortgage Company around Pa. Sierra Pacific Mortgage actually closed the branches they opened in CO after 5 months. JPMorgan, Bank of America, and. Please help me. Thats more than roughly 80,000 layoffs in the sector at the onset of the COVID pandemic in 2020, underscoring that recent reductions are likely a consequence of hiring overzealously during the tech boom in 2021. Any news about the amount/locations/departments of Penfed employees laid off? It sure opened my eyes to look for another industry. Christensen Financial Mortgage in Altamonte Spings Florida announced its closing. Does it go far enough? Unfortunately 1st Nationwide Mortgage closed down, and I have no contact with them due to their phones being shut down. The increasingly darkening skies for banking and finance come after a year in which tech companies were buffeted by layoffs, despite most other parts of the labor market proving resilient. The bank expects the unemployment rate to reach 5.5%. Even as U.S. tech workers face layoffs, data continues to show labor conditions remain ultra tight. But they were told they need to finish out the day because the layoff isnt effective until July 1st. Any help is appreciated. FoA reported a loss of $168 million in the second quarter, with reverse mortgages being the bright spot for the company. Note that the entries lower down could be several years old since this list dates back to 2007. The central banks rate target is now 4.25% to 4.5%, the highest it has been since before the financial crisis in 2008. Regardless, theyre not the great company I thought they were. The Last day to lock a loan Is October 31, 2022. February 2. It suffered three consecutive quarterly losses and cut its workforce by 20% this year.. Now we face yet another potential housing crisis, due to lofty property values and a doubling of mortgage rates (3% to 6%) in less than a year. DTC sector was affected, unsure if any other sectors were as well. Lien was never released and do not have proof of payment. Home Point Financial acquired wholesale division of Platinum Mortgage Inc. Home Point Financial acquired Maverick Funding Corp. HomeStreet Bank sold its stand-alone home loan centers to Homebridge Financial, HSBC closing 260 consumer lending branches, Impac Mortgage stops Alt-A lending, 144 laid off, Lehman Brothers filed Chapter 11 bankruptcy, Lexington Lending halts wholesale operations, Nationstar Mortgage changed name to Mr. Cooper, Envoy Mortgages correspondent lending division, Open Mortgage acquired Premier Home Mortgage, Paul Financial suspends loan origination, Synergy One Lending acquired BBMC Mortgage, Veritex Community Bank acquired 49% stake in Thrive Mortgage, LLC, Wells Fargo cut 350 mortgage jobs nationwide thanks to higher interest rates, Wells Fargo stops reverse mortgage lending. The deadline to fund the wholesale pipeline and purchase a non-delegated correspondent pipeline is December 16. Unbeknown to us 14 days later a second loan was filed by TBW for same amount. Were already starting to see layoffs at Wall Street firms and there is talk about some restructuring in the banking industry, Thomas Smythe, a finance professor at Florida Gulf Coast University, told the Washington Examiner. Paramount Residential Mortgage Group/PRMG is cutting 30-35% of staff; there were two rounds of layoffs already on July 27th and a smaller on July 29th, New American Funding laid off hundreds on Tuesday August 2nd. Ive heard theyre also making pay cuts. My mother has been informed that her mortgage with Beneficial is being taken over by Rushmore Loan Management, she didnt know that Beneficial was doing this. This month alone, tech companies have announced more than 50,000 layoffs, including from Amazon ( AMZN ), Alphabet ( GOOG, GOOGL ), and Microsoft ( MSFT ). This includes 100 layoffs in Israel, where Amdocs has a significant presence with about 5000 employees. Sign up now to get the Washington Examiners breaking news and timely commentary delivered right to your inbox. As the volume goes down, the number of people you need goes down. This year's layoff announcements come as U.S. companies grapple with inflation, higher interest rates, and a deteriorating economic environment that has prompted both needed and precautionary. Alex Murdaugh trial: Murderer sentenced to consecutive life sentences after being found guilty. My husband and I have recently applied for a home equity loan. It makes you wonder what these companies were doing to invest their money in sound investments. Palantir Technologies Inc. plans to cut less than 2% of its workforce in the latest round of technology layoffs. February 23 , 2023. Wells Fargo let 1100 go on 6/23/22 (via voicemail message)oddly this news is nowhere to be found on the internet. 2006-2023 HW Media, LLC. Summit Funding, Inc, based in Sacramento has had 2 big rounds of layoffs. Apparently they are merging with another company??? News of Bank of America layoffs has led to an impressive surge of nearly 2% in BAC stock. The employees have received notice not to come to work. Strong Home Mortgage just laid off 25% of their operations 04/13/22. This year they have had over 500 layoffs throughout the country. Freedom also recently had layoffs. That follows a total of 16,193 tech job losses last month, according to data from the Challenger, Gray and Christmas consultancy . Open Mortgage that proudly stated at the beginning of year didnt have layoffs has now done a second set of layoffs and demotions. Texas-based lender had large-scale layoffs in the second and third quarters of 2022. Metrociti issued loan on a Mexican residence, probably Homecomings Financial got it somehow around Feb 03, then payment went to GMAC from Aug 2010 until Ocwen since May 2013 and now is with another with whom we are trying to pay off and sell. Sep 29, 2022. Finance of America exiting wholesale, correspondent lending The Irving, Texas-based lender is also reportedly in negotiations to sell its retail mortgage division, which employs about 1,000. Cal BNY Mortgage changes name to EverBank Reverse Mortgage BOK Financial exited correspondent lending business Bradford & Bingley (UK) nationalized, 370 layoffs Bradford Bank (MD) shut by FDIC Bramble Savings Bank shut by FDIC Brickwell Community Bank shut down by FDIC Bridgeview Bank Mortgage cut 97 jobs Bridger Commercial Funding closing Broad Street Mortgage sold to Wausau Mortgage Corp. Broadway Bank shut by FDIC BrokerSource ceased operations BrooksAmerica Mortgage Corp. temporarily suspended new loan originations BSM Financial closed wholesale unit BrokerSource Budget Finance Co. layoffs Butler Bank shut by FDIC Butte Community Bank shut by FDIC c2 Financial (UK lender) to lay off roughly 20 percent of workforce C & G Financial suspended funding/production C-BASS acquired Fieldstone Investment Group, struggling with margin calls Calculated Risk Analytics bought Castle Mortgage, will rebrand as Excelerate Capital Caliber Home Loans bought Banc Home Loans Caliber Home Loans acquired First Priority Financial Caliber Home Loans acquired Cobalt Mortgage California National Bank shut down California TD Investments LLC filed for bankruptcy CalPERS home loan program suspended Calusa Investments website down, thought to be closed Cambridge Home Capital loses FHA approval Cameron Financial Group bankrupt Canyon National Bank shut by FDIC Cape Fear Bank shut down by FDIC Capital City Bank Group Inc. acquired 51% ownership stake in BrandMortgage CapitalSouth Bank shut down by FDIC Capital One exits mortgage business Capital One cut another 286 jobs at Plano office related to mortgage exit Capital One laid off 109 employees at Wilmington, DE mortgage center Capital One Financial bought Beech Street Capital Capital One Financial bought Chevy Chase Bank Capital One Home Loans shutting Overland Park office, 300+ layoffs Capital One Mortgage 2,000 layoffs planned nationwide Capital Six Funding subprime and hard money lender suspended operations CapitalSource Inc. to acquire retail banking operations of Fremont General Capitol City Bank & Trust Company shut by FDIC Capmark Financial Group files Chapter 11 bankruptcy CapStar Bank purchased Farmington Financial Group Carlile Investments Inc. acquired All Fund Mortgage Carolina Federal Savings Bank shut by FDIC Carrington Holding Company, LLC acquired Clear Financial Solutions Limited (UK) Carrington Mortgage purchased certain assets of American Home Equity Corp. Carson River Community Bank shut by FDIC Carteret Mortgage Corp. to be closed down, hundreds of layoffs loom CashCall cut 486 jobs in Anaheim, CA Castle Point Mortgage will no longer accept wholesale broker applications CBA Commercial said to have had sizable layoffs CBRE Realty Finance halted lending Celebrity Financial purchased Midwest Equity Mortgage Centennial Bank shut by FDIC Centennial Mortgage and Funding Inc. / Award Mortgage shut down CenterState Bank acquired mortgage staff from State Bank and Trust Company Centex Home Equity changed its name to Nationstar Mortgage Central Arizona Bank closed by FDIC Central Bank of Georgia shut by FDIC Central Federal Credit Union placed in conservatorship Central Florida State Bank shut by FDIC Central Pacific Mortgage closed, TMSF cancels deal to acquire company Central Progressive Bank shut by FDIC Central States Mortgage Co. suspends operations Century Bank FSB to halt wholesale lending Century Bank FSB shut down by FDIC Century Security Bank shut by FDIC CertusBank acquired Resource Financial Services CF Bancorp shut by FDIC CFIC Home Mortgage closing down Champion Bank shut by FDIC Champion Home Builders 196 layoffs Chapel Funding bought by Deutsche Bank Charcol Mortgages (UK) cut up to 50 jobs Charter Bank (Santa Fe, NM) shut by FDIC Charter Funding believed to be closed by parent First Magnus Financial Charter Mortgage shut specialty lending unit Charter National Bank and Trust shut by FDIC Charter Oak Bank shut by FDIC Charter One exits wholesale lending Chase laid off roughly 400 mortgage workers in Arizona, Florida, and Ohio Chase shuttered mortgage customer assistance office in Milwaukee, 135 layoffs Chase cut hundreds of mortgage workers in Rochester and Jacksonville Chase cut 155 jobs at its Garden City, NJ mortgage office Chase cut 165 jobs at Chatsworth, CA mortgage processing center Chase cut 156 mortgage jobs in Houston Chase laid off 168 employees from Irvine, CA mortgage office Chase closed mortgage office in Irvine, CA, layoffs Chase cut 440 mortgage jobs in Columbus, Ohio area Chase shut mortgage office in Troy, Michigan that handled refis and loan mods, 360+ layoffs Chase cut 145 mortgage jobs at offices in Chicago and nearby Downers Grove Chase cut 42 mortgage servicing jobs in Iselin, NJ Chase shed 97 mortgage positions in Columbus, OH Chase cut 500+ mortgage jobs in Texas Chase cut 730 jobs at San Diego loan servicing unit, eventually close office Chase closed Florence, SC mortgage servicing center, laying off 450 employees Chase cut 94 jobs at Milwaukee mortgage center Chase to buy Bear Stearns Chase closing subprime loan facility in Ontario, CA 91 layoffs Chase Washington Mutual merger Chase closed mortgage facility in Albion, NY, 400 layoffs Chase cut 435 jobs at three separate offices in Tampa, FL Chase cut 500+ mortgage assistance jobs in Florence, SC Chase wholesale lending division shut down Chase shut home equity and subprime wholesale units, layoffs Chase shut warehouse lending unit, cutting another 2,800 WaMu jobs Chase closed operation centers in CA and NJ Chase shut home equity processing center in Rochester, 300 layoffs Chase cut roughly 100 home equity jobs in Indianapolis Chase cut 9,200 Washington Mutual jobs Chase de Vere Mortgage Management (UK) to close Chase Home Finance closed retail subprime operations center in Woodcliff, NJ Chase Home Finance shut 430-employee branch in Lexington, KY Chase Home Lending cut 55 jobs in San Diego Chase Home Lending cut 52 wholesale mortgage jobs in Orange, CA Chase Home Lending cut 132 jobs in Ohio Chase Home Lending unit closing in Charlotte, 92 layoffs Chase Home Lending cut 266 jobs in Pennsylvania Chase Home Mortgage halts construction lending Chase Wholesale Lending shut four loan centers, cut 175 jobs Cherry Hill Mortgage Investment Corp. acquired Aurora Financial Group Inc. Chestatee State Bank shut by FDIC Chevy Chase layoffs, to stop lending in CA Chevy Chase cut correspondent channel, facing class-action lawsuit Chevy Chase halts construction-to-perm lending Chevy Chase seized wholesale lending Chevy Chase layoffs Chicago and Dallas Federal Home Loan Banks proposed merger off Chipola Community Bank shut by FDIC CHL Mortgages (UK) to cut 20% of staff Choice Capital Funding rumored to be closed Churchill Mortgage laid off roughly 20 workers in Tennessee CIBC layoffs CIT Group Inc. sold Financial Freedom, exit reverse mortgage business CIT Group Inc. shut down mortgage division 500+ layoffs CIT Group Inc. bought OneWest Bank (formerly IndyMac) CIT Group Inc. sold remaining mortgage assets to Lone Star Funds CIT Group Inc. files for bankruptcy Citadel Servicing Corp. cut 108 jobs in Irvine, CA Citadel buying ResMAE Citi cut 160 mortgage service jobs in Las Vegas Citi closed default mortgage service centers in Fort Mill and Hagerstown, hundreds of layoffs Citi cut more than 2,000 mortgage jobs by early 2014 Citi laid off roughly 760 mortgage employees in Las Vegas CitiFinancial to close 376 branches, 500+ layoffs Citigroup shut Danville, IL call center created to handle excess refinance capacity, 121 layoffs Citigroup laid off 150 workers at Fort Mill, SC Citigroup layoffs as high as 45,000 Citigroup bought ABN AMRO Mortgage Group, acquired assets of Argent Mortgage Citigroup layoffs in collateralized debt obligation unit Citigroup to sell or shut down First Collateral Services Citigroup to layoff 2000 investment bankers/traders Citigroup stopped wholesale mortgage lending Citigroup to cut 9,000 jobs Citigroup cut about 30 jobs in structured-credit group tied to mortgage losses Citigroup to close Future Mortgages (UK) and CitiFinancial (UK subprime), layoffs Citigroup cut 125 jobs in Texas Citigroup to cut up to 6,500 investment banking jobs Citigroup correspondent lending halted Citi Home Equity layoffs CitiMortgage wholesale to cut jobs, drop brokers CitiMortgage halts wholesale home equity lending, 500 layoffs CitiMortgage halted jumbo wholesale lending CitiMortgage cut 190 wholesale mortgage jobs in Des Moines, IA Citi Residential Lending retail mortgage unit to be consolidated Citizens Bank mortgage layoffs Citizens Bank and Trust Company of Chicago shut by FDIC Citizens Bank of Effingham shut by FDIC Citizens Bank of Northern California shut by FDIC Citizens Community Bank shut by FDIC Citizens Financial Group acquired Franklin American Mortgage Company Citizens First National Bank shut by FDIC Citizens National Bank shut down Citizens Republic Bancorp to cut 60 jobs, mainly from mortgage processing Citizens State Bank shut by FDIC City Bank shut by FDIC Clayton Holdings acquired Red Bell Real Estate, LLC Clear Choice Financial in default, bankruptcy possible CliftonLarsonAllen acquired Bankers Advisory Inc. CMXL acquired All Fund Coast Bank sold to First Banks of St. Louis Coastal Bank shut down by FDIC Coastal Community Bank shut by FDIC Cobalt Capital (UK) shut down Cohen Financial cut 25% of staff Coldstream Financial Services closed Collateral Real Estate Capital acquired by BB&T Colonial Bank shut by FDIC Colonial National Mortgage closing operations center in Ohio Colonial National Mortgage to halt wholesale lending Colony Bank agreed to purchase PFB Mortgage Colony Mortgage Corp. closed Colorado National Bank shut down by FDIC Columbia Bancorp shut mortgage unit, cut 39 jobs Columbia Home Loans subprime lender closed Columbia River Bank shut by FDIC Columbia Savings Bank closed by FDIC Columbian Bank and Trust Co. (Kansas) shut down by FDIC Commerce Bank of Southwest Florida shut by FDIC Commerce Bancshares, Inc. acquired Assumption Mortgage Corp., renamed Assumption Mortgage, LLC Commerce Home Mortgage bought LoanStar Home Loans Commercial First (UK) halted new lending Commonwealth Bank of Australia to acquire Wizard Home Loans Community Bank and Trust (Cornelia, GA) shut by FDIC Community Bank of Arizona shut by FDIC Community Bank of Lemont shut down Community Bank of Nevada shut by FDIC Community Bank of Rockmart shut by FDIC Community Bank of the Ozarks shut by FDIC Community Bank of West Georgia shut by FDIC Community Banks of Colorado shut by FDIC Community Capital Bank shut by FDIC Community Central Bank shut by FDIC Community First Bank shut by FDIC Community First Bank Chicago shut by FDIC Community National Bank shut by FDIC Community National Bank at Bartow shut by FDIC Community National Bank of Sarasota County shut by FDIC Community One Federal Credit Union shut down Community Resource Mortgage closed its wholesale lending division, layoffs Community Security Bank shut by FDIC Community South Bank (Parsons, TN) closed by FDIC Complete Financial Solutions acquired American Patriot Bank Comunidades Federal Credit Union of Los Angeles shut down ComUnity Lending halted operations, faces liquidation Concord Mortgage Co. believed to be out of business Concorde Acceptance rumored to be closed Contact 4 (UK) to cut 108 jobs Cooperative Bank shut by FDIC Copper Star Bank shut by FDIC CoreLogic acquired Marshall & Swift/Boeckh (MSB) and DataQuick CoreLogic closed Charlotte office and lay off 62 employees CoreLogic closed offices in Lancaster (CA) and Simi Valley (CA), 154 layoffs CoreLogic purchased Case-Shiller home price indexes from Fiserv CoreStar Financial Group closed Corn Belt Bank and Trust Co. shut down by FDIC Cornerstone Home Lending acquired The Roscoe State Bank Cortez Community Bank shut by FDIC Corus Bank shut down by FDIC Country Bank shut by FDIC Countrywide combines wholesale and correspondent units Countrywide closing wholesale fulfillment centers Countrywide shut 16 wholesale loan fulfillment centers Countrywide believed to have shut 46 Full Spectrum Lending branches Countrywide Correspondent Lending Division cut 293 jobs Countrywide Specialty Lending Division layoffs Countrywide Capital Market Division cut 65 jobs Countrywide laid off 73 employees in Canoga Park Countrywide layoffs in subprime , may be bought out by Bank of America Countrywide cutting up to 12,000 jobs, more about the Countrywide layoffs County Bank (Merced, CA) shut down by FDIC Cove Financial Group Inc. ceased operations Covenant Bank shut by the FDIC Covenant Bank & Trust shut by FDIC Credit Suisse layoffs, bought LIME Financial Credit Suisse to cut 500 investment banking jobs Credit Suisse to cut 150 jobs in its investment bank unit in UK Credit Suisse cut 210 jobs in NYC CreekSide Bank shut by FDIC Crescent Bank and Trust Company shut by FDIC CrossCountry Mortgage acquired PERL Mortgage, Inc. CrossCountry Mortgage, LLC acquired assets of First Choice Loan Services Inc. CrossCountry Mortgage acquired bemortgage from Bridgeview Bank CSB Mortgage Company ceased wholesale mortgage lending, layoffs CTX Mortgage reportedly for sale CU National Mortgage halts lending Dana Capital closed Darby Bank & Trust Co. shut by FDIC DB Home Lending consolidated with MortgageIT, layoffs, rumored to be closed Decatur First Bank shut by FDIC DeepGreen Financial closed Decision One shut down, layoffs Del Sur Mortgage merged with Academy Mortgage Corporation Delta Financial closed offices, 300 layoffs Delta Financial bankruptcy, suspends loan origination Delta Financial Corp. layoffs Desert Hills Bank shut by FDIC Deutsche Bank Correspondent Lending Group consolidating business to MortgageIT DeWitt Mortgage Services & Property Management halted lending in Georgia Diablo Funding Group shut down Digital Risk LLC cut 745 mortgage jobs in Florida Digital Risk laid off 112 employees in Boca Raton, FL Direct Finance Corp. acquired First Call Mortgage Co.
