About this episode
On today’s episode, Editor in Chief Sarah Wheeler talks with Managing Editor James Kleimann about the layoffs, buyouts and earnings of some of the big lenders. The two also discuss the first mortgage M&A deal of the year, and what that means as a harbinger of more consolidation in the mortgage space. HW Media Articles related to this episode: Rocket offers voluntary buyouts to 8% of workforce Wells Fargo cuts mortgage jobs amid poor outlook Flagstar Bancorp cuts 20% of its mortgage staff Better.com, the rare lender to post huge losses in 2021 CrossCountry strikes a deal to acquire LendUS