Mortgage Giant Cuts Thousands Of Jobs—Warns Of ‘Accelerated’ Downturn As Housing Market Abruptly Collapses

July 13, 2022

Forbes, July 12, 2022–Jonathan Ponciano
Mortgage originator loanDepot on Tuesday unveiled a plan to cut thousands of jobs and reduce costs “significantly” as higher interest rates sink mortgage demand—becoming the latest company to warn that the housing market is due for a steeper turnaround after the pandemic-era home-buying frenzy. (MBA mention)
https://www.forbes.com/sites/jonathanponciano/2022/07/12/mortgage-giant-cuts-thousands-of-jobs-warns-of-accelerated-downturn-as-housing-market-abruptly-collapses/?