Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending.
Source: Inman News
Newrez laying off nearly 500 workers after Rithm acquisitions
Published in Adoor, Caliber, Caliber Home Loans, Computershare Mortgage Services, Darwin Homes, Industry News, layoffs, Michael Nierenberg, Mortgage, mortgage servicing, Mr. Cooper, New Residential Investment Corp., NewRez, Pagaya, Rithm, Rithm Capital, Sanjiv Das, Select, Shellpoint, SLS, Specialized Loan Servicing, Union Home Mortgage and venture capital
More from CaliberMore posts in Caliber »
More from Caliber Home LoansMore posts in Caliber Home Loans »
- Newrez pays $2.3M to settle Caliber overcharge allegations
- 3rd round of layoffs at Newrez brings 2024 job cuts to 750
- First-timers ‘significantly’ less satisfied with mortgage lenders
- Newrez partners with Patch news site to bolster mortgage originations
- RE/MAX’s Motto Mortgage up and running in 38 states
More from Computershare Mortgage ServicesMore posts in Computershare Mortgage Services »
More from Darwin HomesMore posts in Darwin Homes »
More from Industry NewsMore posts in Industry News »
- Zillow defends private listing rule, criticizes Compass in new filing
- NAR’s Kevin Sears: We need to ‘show everybody that we as Realtors are pro-consumer’
- Despite unease, Compass poised to retain most Anywhere agents
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- Offerpad home sales, acquisitions hit new low in Q3 2025
More from layoffsMore posts in layoffs »
- Heard of a K-shaped economy? You’re living in it now
- Ally Financial’s exit from mortgage will impact Better, HouseCanary
- Flagstar shedding 1,900 workers, but many could land at Mr. Cooper
- Side debuts profit-sharing program, lays off staff members
- Redfin lays off nearly 100 Redfin Concierge service employees
More from MortgageMore posts in Mortgage »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Stop freaking out about 50-year mortgages. They might save the housing market
- Homebuying off to strongest November start since 2022
More from mortgage servicingMore posts in mortgage servicing »
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- AI key to growing Rocket, Redfin and Mr. Cooper under one roof
- Rocket Companies closes Mr. Cooper acquisition
- Appraisal bias suit against Rocket Mortgage, Solidifi moves forward
- Pennymac takes a stake in Vesta, launches non-QM mortgages
More from Mr. CooperMore posts in Mr. Cooper »
More from New Residential Investment Corp.More posts in New Residential Investment Corp. »
More from NewRezMore posts in NewRez »
- Newrez pays $2.3M to settle Caliber overcharge allegations
- Fannie, Freddie regulator issues dozens of orders out of public eye
- Newrez parent company Rithm raising up to $391M in offering
- 3rd round of layoffs at Newrez brings 2024 job cuts to 750
- First-timers ‘significantly’ less satisfied with mortgage lenders
More from RithmMore posts in Rithm »
More from Rithm CapitalMore posts in Rithm Capital »
- Newrez pays $2.3M to settle Caliber overcharge allegations
- Fannie, Freddie regulator issues dozens of orders out of public eye
- Newrez parent company Rithm raising up to $391M in offering
- 3rd round of layoffs at Newrez brings 2024 job cuts to 750
- Big Keller Williams franchise group launches mortgage JV with Newrez
More from SelectMore posts in Select »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
- Where else is Zillow not enforcing its private listing ban?
More from ShellpointMore posts in Shellpoint »
More from Specialized Loan ServicingMore posts in Specialized Loan Servicing »
More from Union Home MortgageMore posts in Union Home Mortgage »
More from venture capitalMore posts in venture capital »
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- From Vegas to venture capital: Navigating the uncertain path of the proptech founder
- Better Mortgage seizes the day on Wall Street with $75M raise
- Fathom’s share price rebounds after $5.4M offering closes
- Better shares soar on bullish thesis by activist investor Eric Jackson
Be First to Comment