Mass Mortgage Layoffs | Housing Market Update

There are Mass Mortgage Layoffs going on with the decline in mortgage applications.

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Disclosure: Steve Daria is a real estate broker. He is NOT an attorney, accountant or financial planner or any other type of licensed professional. Always seek out the appropriate professionals in your area for the advice needed regarding taxes, law, construction and finance. Florida Real Estate Broker Lic# BK3030453.

#HousingMarketUpdate #MortgageLayoffs

[YorickG]

How did people see this not coming??! 🤯 while all these little real estate agents are running around telling people it was the best time ever to buy house, the economy was crashing faster than speed of light.

[williambrooks]

I have been working for a Title company for almost 3 years. Our client is Freedom Mtg.
I just got laid off today! Got a call from HR and was locked out of my system before I could even get off the call!

[HotspurFC-cuny]

Seeing this video 3 months later as the reason rocket mortgage leadership in Detroit started losing their absolute minds once the interest rates rose I don’t wanna see how they’ll behave when the housing market collapses

[HotspurFC-cuny]

I’m back to this video again because 2 weeks ago I was fired by rocket mortgage for simply attempting to transfer 68 clients mind you I never actually transferred them because they’d always hang up all the time or the automated system took a second to confirm the person didn’t answer smh rocket has been finding ways to screw us over since may and they finally succeeded with me

[markakins]

Of course they are laying off. They had to boost up staff to keep up with all the refi's when rates were at 2.5%. They are laying off to get back to the normal size staff they had before the pandemic.

[HotspurFC-cuny]

Hey Steve I got another story about rocket and it’s bs so there was this woman I worked with named Tivonna and she was a CCS just like I was and she had tried to become a mortgage banker but she failed the test and she told us that she was worried about getting fired and when we didn’t hear from her for 20 minutes she sends all of us a teams message saying “GUYS I GOT FIRED ON A TEAMS VIDEO CALL SCREW THIS PLACE.” Smh rocket said in one of those news articles “we wouldn’t let go of our employees over a video call.” Well that was a lie lol getting fired from that place was a blessing in disguise because now more then ever I’m motivated to go to school

[HotspurFC-cuny]

Steve I just got a job at rocket mortgage back in March as a client communication specialist and I’m not gonna be surprised if I get laid off because a lot of bankers at my job got laid off as well

[Falconlibrary]

Wells Fargo is what a bank would look like if Jack Sparrow was its CEO.

[cyclonejunior]

Im an LO at the 3rd company you mentioned. We have received an email regarding voluntary quits. If someone wants to leave the company will pay the base pay for "months", cover health ins., etc. I will not be leaving. I will just fight through it wand wait for those that are taking these 5.5% to refi in the future

[fookbia]

Real estate appraiser for mostly Rkt. I was the top producer for them. Did like 800 appraisals for them last year. Now, I'm down to like 2 or 3 a week from them.

[cpborrelli]

Yes they are laying off due to decreased refi.

[linden]

Do you guys buy and sell homes I mean do you like flip homes? My mom’s house is for sale in Florida, she’s 88, And I’m wondering if you know anybody who might wanna buy her home? How do I get a hold of somebody without putting personal details here on YouTube?

[HotspurFC-cuny]

I’ve still got lots of great friends that work at rocket and they tell me that Jay Farner the CEO is very anti remote work and slowly it’s all coming back to being in office full time the problem lots of people I know live on average about 45 minutes from the Detroit office

[msbethmildhyperbaricoxygen]

The company I just left offered Cobra for insurance to fill in the gap at a cost of $1700 a month😳

[Aikynbreusov]

No need to be certified to give common sense advice

[at]

Y'all be saying the same shit for the last 5 years

[jaybartgis]

Whenever I hear someone getting a loan thru "rocket mortgage" I just envision them walking into their local pawn shop for a mortgage

[jakeol]

Wells Fargo posted multiple sales positions they are hiring for… people are retaining salesmen though this for the most part. Recession will be 18 months of minimum pay for LOs minimum.

[ДенисКалюжный-лю]

l'd love to be Kimmy-jka.Monster hot youngboy is my idol. Sexs Hes the person I aspirey to be, hes my light of day..