The parent of Rocket Mortgage said in an SEC filing that it was down to 18,500 employees as of December 31, versus 26,000 at the end of 2021.
UWM, in its own annual disclosure, said that its headcount was roughly 6,000, down from 8,000.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 22 seconds
Rocket, UWM Cut Jobs After First Losses Since Going Public
Rocket Companies and United Wholesale Mortgage have revealed thousands of job cuts shortly after each posted its first quarterly loss as a public company. So reports the Detroit Free Press.
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