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Mortgage industry faces renewed job pressure amid flat volume and tech gains
Zillow cut 500 jobs, about 7% of staff, offering paid leave and severance up to 21 weeks, and citing efficiency goals.
Zillow plans to lay off “just over 500 employees,” or about 7% of its workforce, as part of a company-wide restructuring. The Seattle-based online real estate company had 7,058 emp...
Single-family housing starts fell as elevated mortgage rates kept buyers sidelined and builder confidence near multi-year lows
Zillow cut more than 500 jobs as Q2 revenue rose 18%, highlighting its shift toward mortgages, rentals, and pay-at-close referrals for real estate agents today. The post Zillow Cut...
Several officials were notified Wednesday that their positions had been eliminated, WSJ reported
Foreclosure filings are rising, exposing how nonbank mortgage servicers could affect distressed transactions during a deeper housing downturn. The post Rising Mortgage Stress Could...
CMHC now expects home sales, prices and housing starts to fall in 2026 as economic uncertainty, high borrowing costs and slower population growth keep buyers sidelined.
In an online statement, CEO Jeremy Wacksman said the staff reductions would help the company maintain a “disciplined cost structure” and improve efficiency.
Pennymac posted Q2 net income of $22 million, down 84% YoY, as lock volume fell 18% and adjusted ROE slipped to 7%.
The open letter argues housing affordability remains impaired despite improved supply, citing rates and rising taxes and insurance. It proposes 5 actions, including optional prepay...
Bonert said she may be the most tenured employee impacted, as Zillow cut 500-plus roles in early August
Higher renewal volumes partially offset weaker new business, while mortgages under administration increased to nearly $170 billion.
ICE said June delinquency was 3.55% and FHA new defaults fell 15% year over year, while foreclosure inventory rose to 0.53%.
A missed mortgage payment doesn’t immediately mean foreclosure, but it can be the first indication that a household budget has stopped working. Nationally, mortgage performance...
Mortgage lock-in is increasingly shifting homeowners into accidental landlord roles as selling becomes less viable. Data show 30-year rates at 6.43% and FHFA estimates lock-in prev...
As earnings results wrap up for Q2 2026, here's a rundown of what's happened for major lenders, brokerages, homebuilders, listing portals and title firms.
The bank had announced two other rounds of layoffs in Hudson County this year.
A whistleblower has alleged systemic pressure on mortgage staff to approve suspect loans
Mortgage delinquencies remain low nationally, but borrowers in Canada’s most expensive housing markets are showing greater signs of strain.
After three consecutive quarters of modest improvement, housing affordability declined in the second quarter as higher mortgage rates, rising construction costs and economic uncert...
United Wholesale Mortgage (UWM)’s strategy to protect its assets is under scrutiny following a recent analysis of public filings.
The seasonally adjusted mortgage delinquency rate fell to 4.37% of all loans outstanding at the end of the second quarter, down 7 basis points from the first quarter but up 44 bps...
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