Mortgage Giant Cuts Thousands Of Jobs—Warns Of ‘Accelerated’ Downturn As Housing Market Abruptly Collapses

by Third Party | Jul 13, 2022 | 0 comments

Source: Forbes —

Mortgage originator loanDepot on Tuesday unveiled a plan to cut thousands of jobs and reduce costs “significantly” as higher interest rates sink mortgage demand—becoming the latest company to warn that the housing market is due for a steeper turnaround after the pandemic-era home-buying frenzy.

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Mortgage Giant Cuts Thousands Of Jobs—Warns Of ‘Accelerated’ Downturn As Housing Market Abruptly Collapses

Source: Forbes —

0 Comments

Submit a Comment Cancel reply

Connecticut’s Sacred Heart University Debuts Undergraduate Degree in Construction Management

D.R. Horton Faces Growth and Affordability Challenges Heading Into 2027

Report: Nadeem Meghji Stepping Down as Global Head of Blackstone Real Estate

Housing is Cooling Nationally. In These Affordable Markets, Buyers are Still Competing.

John Marshall, Bank of Clarke Strike $253 Million Deal to Build $4.4 Billion Virginia Bank

First Citizens Takes Over 138 BMO Branches — and $5 Billion in Deposits

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