Layoffs

Shortly after announcing a merger agreement with retail lender CrossCountry Mortgage, Summit Funding said it will permanently eliminate 163 positions across the company.  Processing Content The Sacramento, California-based home lender informed state officials in a mandatory Worker Adjustment and Retraining Notification filing dated March 19, just one day after the merger was officially announced. The […]

Mr. Cooper is laying off more than 100 California employees, the latest reduction in force following its recent acquisition by Rocket.  Processing Content The company, which now operates as a fully owned unit of Rocket Cos., notified state officials of the intent to permanently eliminate 102 positions in a Worker Adjustment and Retraining Notification Act