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Texana Bank to trim workforce in California

Housing Wire

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff.

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Country Club Mortgage to lay off employees, including CEO, and shutter offices

Housing Wire

6, 2024,” Sherry Carson, human resources generalist at Country Club Mortgage, wrote in a letter sent to the Employment Development Department in California in early December. It also says it processes, underwrites and funds loans in-house. More than 50 mortgage loan officers were let go.

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Pennymac plans to lay off another 207 employees

Housing Wire

According to Worker Adjustment and Retraining Notification (WARN) notices submitted to the Employment Development Department (EDD) on April 28 and May 9, the company plans to cut 207 jobs in two rounds on June 27 and July 8, in letters to the EDD reviewed by HousingWire. That location will also let go of its vice president for servicing.

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Interfirst to lay off 140 employees

Housing Wire

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions.

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These mortgage lenders have cut jobs in 2022

Housing Wire

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

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As the market shifts to purchase, LOs get creative

Housing Wire

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. However, Davis’ relationship with the agent turned sour and she has not yet been able to develop relationships with other agents.

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Do You Need 20% Down To Buy A Home?

PennyMac

Check with your Human Resources department to see if this is a benefit that is offered. An FHA home loan is a mortgage insured by the Federal Housing Administration. FHA loans typically have more flexible lending guidelines than other investors. USDA Rural Development Loans.