A List of Mortgage Closures, Mergers and Layoffs

A List of Mortgage Closures, Mergers and Layoffs

List last updated on August 25, 2013

Latest updates:

Digital Risk laying off 112 employees in Boca Raton, FL
Bank of America cutting 543 jobs in Fresno
Chase to shed 97 mortgage positions in Columbus, OH
Citigroup laying off 150 workers at Fort Mill, SC
OneWest cutting 78 jobs in Pasadena, 102 in Irvine, CA
JPMorgan Chase cutting 42 mortgage servicing jobs in Iselin, NJ
Wells Fargo shedding another 2,323 mortgage jobs nationwide, including 365 in Birmingham, 330 in Orange County, CA, 292 in Phoenix, and 284 in Charlotte
LoanDepot and to merge
1-800-East-West Mortgage Co. suspends operations, cuts roughly half of staff due to decline in business
Retreat Capital Management, Inc. cutting 73 jobs in Dallas
Bank of America slashing 113 mortgage jobs in Dallas
Chase to cut 500+ mortgage jobs in Texas
Capital One Financial to buy Beech Street Capital
Bank of Wausau shut by FDIC
Wells Fargo to close retail mortgage fulfillment center in Dayton, OH, cut 63 jobs
Chase to cut 730 jobs at San Diego loan servicing unit, eventually close office
Chase closing Florence, SC mortgage servicing center, laying off 450 employees
Chase to cut 94 jobs at Milwaukee mortgage center
USA Mortgage/DAS Acquisition Co. to cut 25 jobs
Wells Fargo cutting 763 more mortgage jobs, including 126 in St. Louis
Bank of America to cut 209 jobs at call center for distressed mortgages in Pittsburgh, PA
First Community Bank of Southwest Florida (Community Bank of Cape Coral) shut by FDIC
Banc of California to acquire CS Financial
Residential Finance of Columbus Ohio reportedly “hacked 19 branches yesterday and a regional manager,” per reader tip
EverBank Financial to cease wholesale lending, closing three operations centers in Dallas, Jacksonville, and Sacramento while cutting 150 jobs
Mortgage Investors Corp. to cut 380 jobs in St. Petersburg, Florida
Wells Fargo cutting 350 mortgage jobs nationwide thanks to higher interest rates
Provident Financial Plc (top UK subprime lender) to slash 170 jobs
Flagstar Bancorp to cut 300 jobs in Troy, MI due to outsourcing
Citi to shut Danville, IL call center created to handle excess refinance capacity, 121 layoffs
Accenture to purchase software company Mortgage Cadence
Cole Taylor may sell mortgage division
Bank of America to close Maitland mortgage facility, cut 53 jobs
Bank of America to cut 411 loan servicing jobs in Texas
OneWest to cut 725 jobs in Austin, TX after Ocwen purchases mortgage servicing rights (MSRs)
Mountain National Bank closed by FDIC
1st Commerce Bank (Las Vegas) closed by FDIC
Pacific Union Financial layoffs
Vericrest Financial Inc. changed its name to Caliber Home Loans Inc.
Genworth to cut 400 jobs to reduce costs
Société Générale (France) planning hundreds of layoffs
Fannie Mae and Freddie Mac wind down or merger?

2 responses to “A List of Mortgage Closures, Mergers and Layoffs

  1. Reblogged this on Deadly Clear and commented:
    Gee what happened? Housing was moving upward according to the latest propaganda…

  2. From what I gather the foreclosures were off loaded to new debt collector sharks like SLS and SPS thugs that were fined millions in Wa State alone moved out of state and now have crawled back into Washington State and many others to use their thuggery and criminal actions against us. Rumors were sent to me (I say rumors) that thugs from SPS appears to go as far as to vandalize the houses break in to your homes, and put fowl chemicals down wells to make people sick and harrass people so bad they move out. Something to investigate and check out. Nothing I would not put past them.

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