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Mr. Cooper Lays Off Workers as Mortgage Volume Slows

Wednesday, May 04 2022
Lending
Written by  The Mortgage Leader

Mr. Cooper Group is laying off staff, vice chairman and president Chris Marshall has revealed in a conference call with analysts. So reports The Motley Fool.

Mr cooper 150x150Marshall said that “in the second quarter, you’ll see us take a charge for staff reductions related to our lower volumes.”

The disclosure came after the home loan servicer posted first-quarter earnings of $658 million, topping analyst forecasts, as the Associated Press reports.

Read the full article from The Motley Fool.

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