Wafd Plans Layoffs As It Exits Mortgage Lending

Rick Morgan, Biz Journals
Fri, 01/17/2025 - 5:53pm

The Seattle-based bank said it made the decision based on multiple factors, including the ease with which consumers can refinance.

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Topics:  seattle-based   
BING NEWS:
  • WaFd plans layoffs as it exits mortgage lending
    The decision, announced with the bank's fiscal first quarter 2025 earnings report, will result in layoffs to 8% of the bank's staff, or 185 employees. A WaFd spokesperson said 73 of those employees ...
    01/17/2025 - 10:53 am | View Link
  • WaFd Bank exits home mortgage lending, says model is ‘unsustainable’
    Seattle-based WaFd Bank announced Thursday in an earnings report that it will exit the single-family mortgage lending business.
    01/17/2025 - 7:55 am | View Link
  • WaFd Exiting Single-Family Mortgage Lending Market
    The exit from mortgage lending and right sizing other support areas will result in an 8% reduction in workforce, the company said. WaFd also said it recorded a restructuring expense of $5.4 million ...
    01/16/2025 - 9:56 am | View Link
  • Ally Financial to Cut Employee Headcount, Exit Mortgage Business
    Ally Financial said Wednesday it will enact a layoff of less than 5% of its 11,000-employee workforce, as well as exit the mortgage-origination business, as the company is burdened by borrowers ...
    01/8/2025 - 3:07 am | View Link
  • More

 

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