Coppell, Texas-based Caliber Home Loans, a residential home mortgage originator owned by New York, New York-based Rithm Capital, has announced another round of layoffs in their continuing cost-containment initiative.
Approximately 300+ employees, including management positions, but primarily processors, and support staff.
According to an unofficial source, “The official reason for the layoffs provided by leadership was the layoffs were due to the unprecedented spike in interest rates and the drop in mortgage origination volume."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?