Mr. Cooper Lays Off 420 While Mortgage Industry Cuts Mount

National Mortgage News, June 2, 2022–Andrew Martinez (subscription)
Mr. Cooper is laying off approximately 420 staff members, or 5% of its total employee base, mostly in originations, it announced Thursday. The terminations include 16% of the company’s California workforce, with 120 cuts at its Santa Ana, California office. Mr. Cooper already laid off approximately 250 employees during the first quarter.
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