The Dallas-based loan servicing giant’s originations department was mainly affected.
Previously in 2022, Mr. Cooper laid off 250 employees.
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Rising Mortgage Rates and Their Impact on the Housing Market
Explore the effects of rising mortgage rates on the housing market, with insights into buyer behavior and real estate trends amidst economic shifts.
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Mr. Cooper Lays Off Another 5% of Workforce
After a round of layoffs earlier this year, Mr. Cooper has given pink slips to an additional 420 employees, or about 5% of its headcount. So reports The Real Deal.
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