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Mortgage and Housing Layoffs

Rocket offers voluntary employee buyouts after Mr. Cooper, Redfin acquisitions

Mergers and Acquisitions, Mortgage, Mortgage and Housing Layoffs, Rocket Companies, Rocket Mortgage /

Detroit-based Rocket Companies is offering voluntary separation packages to some employees as part of its consolidation following last year’s acquisitions of Mr. Cooper Group and Redfin. “Rocket, Mr. Cooper and Redfin share a vision of a stronger, more connected homeownership platform built for long-term strength,” a Rocket spokesperson said. “As integration has progressed, we identified […]

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Radian shuts down mortgage conduit after divestiture process

HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Mortgage and Housing Layoffs, Origination, Radian, Secondary market /

Radian is shutting down its mortgage conduit business after a divestiture process, while continuing to explore strategic options for its title and real estate services units, the company confirmed to HousingWire. The conduit, which operated primarily through Radian Mortgage Capital, focused on buying mortgages in the secondary market from lenders and selling them to investors

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Producing LOs grow their ranks in 2025: RETR

Credit Union, HWmember, IMBs, LendingLife, Loan Officer, Mortgage, Mortgage and Housing Layoffs, Origination /

The mortgage industry recorded a modest increase in the number of producing loan officers in 2025 — the first annual rise since the COVID-19 pandemic, according to preliminary data from mortgage technology platform RETR. The number of LOs who originated at least one mortgage in 2025 reached 221,161, up slightly from 220,449 in 2024. “That’s

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HUD layoffs hit 442 employees amid government shutdown

FHA, Government Lending, Government Shutdown, HUD, HWmember, Mortgage and Housing Layoffs, Politics, Trump administration /

Hundreds of employees at the U.S. Department of Housing and Urban Development (HUD) received layoff notices late last week, as the Trump administration followed through on threats to cut staff during the federal government shutdown. Around 4,200 employees across several agencies were laid off in total on Friday, according to a court filing filed with

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Rocktop’s Cade Thompson on inefficiencies in mortgage lending

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Fannie Mae‘s latest Mortgage Lender Sentiment Survey points to a growing trend of lenders that want to make the mortgage process and its various components as efficient as possible. In 2025, lenders ranked streamlined business processes, reduced costs and consumer-facing technology as their leading priorities. Every touch point in a mortgage’s life cycle — from

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Rocket revamps real estate arm, moves home search to Redfin

Brokerage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Mortgage and Housing Layoffs, Origination, Redfin, Rocket Companies /

Rocket Companies has begun to reshape Rocket Homes, its real estate subsidiary, following the closing of its acquisition of Redfin. The changes include sunsetting Rocket Homes’ search portal, consolidating agent networks and executing layoffs. Users who visit the Rocket Homes website are now met with a message stating they “can search for homes on Rocket

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Rocket lays off 2% of workforce after closing Redfin acquisition

LendingLife, Mortgage, Mortgage and Housing Layoffs, Origination, Redfin, Rocket Companies, Rocket Mortgage /

Detroit-based Rocket Companies confirmed a company-wide layoff on Friday, just weeks after completing its $1.75 billion all-stock acquisition of real estate brokerage Redfin. The cuts affected roughly 2% of the firm’s workforce. “Following the Redfin acquisition, we carefully reviewed our combined structure, identified overlapping roles and made the difficult decision to streamline teams,” a spokesperson

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