Its unknown if they laid off other positions as well so it could be a much higher number. The company will layoff all employees. Prospect Mortgage buying Fidelity Trust Mortgage Inc. However, the standard HELOC isnt the right choice for everyone. Spot on Sheila, on both the pigeonhole thing and the fact that theres opportunity within the industry. Several staffers told HousingWire that Sprouts shut down occurred one day before pay day, and they did not receive their pay checks. Discover Home Loans shuts down Ditech sold reverse mortgage business to Mortgage Assets Management, LLC Ditech closed St. Paul office, let go of 210 employees Ditech closed Rapid City, SD call center, cut 450 jobs Ditech cut 79 jobs as it closes Kennesaw, Georgia facility Ditech exited retail channel, ~200 layoffs Ditech closed San Antonio office, 78 layoffs Ditech cut 103 jobs in St. Louis area Ditech closed Irving, TX office and laid off 437 employees Ditech 181 layoffs Ditech cut 120 jobs at Costa Mesa, CA headquarters Dollar Mortgage Corp. being acquired by Shearson Financial Network Domestic Bank shutting down wholesale unit Doral Bank En Espanol shut by FDIC Douglas County Bank shut by FDIC Dover Mortgage Company shutting wholesale mortgage division Dover Mortgage Co. cut 17 employees Downeast Mortgage Corp. to shut down Downey Savings shut down by the FDIC Downey Savings shut wholesale channel Draper and Kramer Mortgage merged with 1st Advantage Mortgage LLC DuPage National Bank closed by FDIC Dwelling House Savings and Loan Association shut by FDIC eBank shut down by FDIC E-Loan/Banco Popular Wholesale Mortgage to cease lending E-loan closed sub-prime wholesale division, layoffs E-Loan layoffs E-Trade exits wholesale mortgage business E-Trade to halt mortgage lending Earl Shilton building society (UK) halts mortgage lending Earthstar Bank shut by FDIC Eastern Financial Florida Credit Union put in conservatorship Eastside Commercial Bank shut by FDIC Edgebrook Bank shut by FDIC Edgewater Lending Group halts wholesale lending Edward Jones Mortgage shut down, 200+ possible layoffs Egg Mortgages (Citi-owned UK finance unit) no longer accepting applications Elizabeth State Bank shut by FDIC Ellie Mae acquired AllRegs Ellie Mae acquired MortgageCEO Empire Bancorp Mortgage Bankers shut down Encore Bank laid off 300 employees ECC Capital/Encore Credit sold to Bear Stearns, 100 layoffs announced Aug. 17 Encore Credit laid off 100 Account Executives at wholesale unit in Irvine, CA Encore Credit merging with Bear Stearns Residential Mortgage Enterprise Financial Services bought Gorman & Gorman Home Loans Entrust Mortgage closed Equibanc closed by Wachovia Equifirst shutting down Equifirst layoffs, bought out by Barclays Bank PLC EquiFirst cut 64 jobs in Arizona Equipoint halted wholesale lending, shut 70+ branches Equitable Mortgage merged into Flat Branch Home Loans Equitable Reverse Mortgage closed doors Equitable Trust Mortgage Corp. suspended by FHA Equity One (a unit of Popular Inc.) cut 147 jobs in Marlton, NJ Equity Title (owned by Coldwell Banker) layoffs Eurobank shut by FDIC Evansville Teachers FCU acquired First Liberty Financial Mortgage EverBank laid off 302 employees in Jacksonville EverBank Financial ceased wholesale lending, closed three operations centers in Dallas, Jacksonville, and Sacramento while cutting 150 jobs Evergreen Bank shut by FDIC Evergreen State Bank shut by FDIC Excel Bank shut by FDIC Exchange Financial temporarily discontinuing its Wholesale/Correspondent business eXp Realty reduced headcount by approximately 15% Expanded Mortgage Credit closed wholesale Express Capital Lending not accepting new submissions until further notice Family First Mortgage Corp. ceases operations, layoffs Fannie Mae 200 layoffs Fannie Mae consolidated three Dallas offices, possible layoffs Fannie Mae and Freddie Mac bailed out Farmers and Traders State Bank shut by FDIC Fayette County Bank shuttered by FDIC FBR Capital Markets cut 75 jobs FBR selling subprime unit Federal Home Loan Bank of Seattle merged with the Federal Home Loan Bank of Des Moines Federal Savings Bank acquired Baytree National Bank & Trust Fenway Summer merged with Ethos Lending Fidelity Bank shut by FDIC Fidelity Homestead Savings Bank purchased NOLA Lending Group LLC Fidelity National Financial to buy LandAmerica (large title companies) Fidelity National Financial terminated LandAmerica merger Fidelity National Information Services cut 35 jobs in Jacksonville Fidelity Trust Bank selling residential mortgage company Fidelity Trust Mortgage Inc. Fieldstone Mortgage bankruptcy Fieldstone Mortgage Co. halted new business, closed Las Vegas branch, layoffs Fifth Third Bank closed 44 Chicago-area branches Fifth Third Bank ceased wholesale mortgage lending Fifth Third Bank wholesale mortgage layoffs in Charlotte, NC as refinance demand wanes Fifth Third Bank 700 layoffs Fifth Third to discontinue Alt-A lending Finance America closed Finance of America acquired wholesale lending assets of Parkside Lending LLC Finance of America closed Roseville, CA office, 33 layoffs Finance of America Mortgage acquired Skyline Home Loans Financial Freedom cut 65 jobs in Irvine, CA office Financial Title Company closing, layoffs Firstar Bank acquired assets of Leader Mortgage First Advantage acquired CredStar First American Bank to cease wholesale lending First American Corp. (title insurer) layoffs at 1,900 First American Financial purchased Interthinx First American Title Insurance cut 116 jobs in Santa Ana, CA First Arizona Savings shut by FDIC FirstBank acquired Franklin Synergy Bank FirstBank sold correspondent lending unit to Rushmore Loan Management Services LLC FirstBank purchased wholesale mortgage division of StellarOne Corp. FirstBank to shut down wholesale mortgage division Oct. 31 FirstBank Financial Services shut down by FDIC FirstCity Bank shut down by FDIC FirstLine Mortgages (Canadas largest mortgage broker) stopped mortgage lending First Bancshares acquired The Mortgage Connection, LLC First BankAmericano shut by FDIC First Bank of Beverly Hills shut down by FDIC First Bank of Idaho shut down by FDIC First Bank of Jacksonville shut by FDIC First Bank of Kansas City shut down by FDIC First Banking Center shut by FDIC First Banks of St. Louis bought Coast Bank First California Mortgage Company shut down, layoffs First Capital Bank shut by FDIC First Centennial Bank shut down by FDIC First Cherokee State Bank shut by FDIC First Choice Bank shut by FDIC First Choice Community Bank shut by FDIC First Choice Loan Services, Inc. ceased operations, for sale First Collateral Services (Citi) 126 layoffs First Collateral Services (Citi) cut 150 jobs First Commerce Community Bank shut by FDIC First Commercial Bank shut by FDIC First Commercial Bank of Florida shut by FDIC First Commercial Bank of Tampa Bay shut by FDIC First Community Bancorp layoffs First Community Bank shut by FDIC First Community Bank of Southwest Florida (Community Bank of Cape Coral) shut by FDIC First Community Mortgage (FCM) acquired a Mortgage Boutique (AMB) First CornerStone Bank shut by FDIC FirsTier Bank shut by FDIC First Consolidated Mortgage Co. subprime wholesaler shutting down, in dispute First Coweta Bank shut down by FDIC First Direct Lending stopped accepting applications First DuPage Bank shut down First East Side Savings Bank shut by FDIC First Federal Bank shut by FDIC First Federal Bank of California halted wholesale lending First Federal Bank of California shut by FDIC First Federal Bank of North Florida shut by FDIC First Fidelity Financial closed its doors First Financial Bank buy 4Trust Mortgage First Franklin to be shut down, 650 layoffs First Franklin Financial layoffs, sold to Merrill Lynch First Franklin firings/layoffs rumored First Georgia Banking Company shut by FDIC First Georgia Community Bank shut down by FDIC First Guaranty Bank and Trust Company of Jacksonville shut by FDIC First Guaranty Mortgage Corp. acquired goodmortgage.com First Guaranty Mortgage Corp. cut 82 jobs in Frederick, MD First Heritage Bank shut by FDIC First Horizon shut down mortgage operations First Horizon cutting 1,500 jobs, closing 50 offices First Horizon National Corp. divested its subprime mortgage loan portfolio First Horizon discontinued national construction and commercial lending, 160 layoffs First Horizon to sell or shut down mortgage unit First Indiana Wholesale closed wholesale consumer lending operations First Integrity Bank shut down by FDIC First International Bank shut by the FDIC First Lowndes Bank shut by FDIC First National Bank of Crestview shut by FDIC First National Bank (Rosedale, MS) shut by FDIC First Madison Mortgage shut down First Magnus no longer funding or originating any mortgage loans First Mortgage Corp. shut down, Freedom Mortgage to acquire select assets/employees First National Bank shut by FDIC First National Bank of Arizona halts retail mortgage lending, 35 layoffs First National Bank of Danville shut by FDIC First National Bank of Davis shut down by FDIC First National Bank of Florida shut by FDIC First National Bank of Georgia shut by FDIC First National Bank of the South halts wholesale lending First National Bank of the South shut by FDIC First National Mortgage Sources shut down First NLC bankrupt, halts lending First NLC Financial Services LLC 645 layoffs First Mariner Bancorp closed its wholesale mortgage lending unit First National Bank (also operating as The National Bank of El Paso En Espanol) closed by FDIC First National Bank of Anthony shut by FDIC First National Bank of Arizona shut down by FDIC First National Bank of Central Florida shut by FDIC First NBC Bank shut by FDIC First Niagara Financial Group, Inc. closed mortgage processing office in Syracuse, 14 layoffs First PacTrust Bancorp, Inc. acquired Gateway Bancorp First Peoples Bank shut by FDIC First Piedmont Bank shut by FDIC First Priority Bank closed by FDIC First Regional Bank shut by FDIC First Security Loan Corp. to shut down First Security National Bank shut by FDIC First Source Funding Group closed First Southern Bank shut by FDIC First Southern National Bank shut by FDIC First State Bank shut by FDIC First State Bank (AZ) shut down by FDIC First State Bank (Sarasota) shut by FDIC First State Bank of Altus shut by FDIC First State Bank of Winchester shut by FDIC First Street Financial closed First Suburban National Bank shut by FDIC First United Bank shut by FDIC First Vietnamese American Bank shut by FDIC Fitch Ratings to cut 150 jobs Flagship National Bank shut down Flagstar Bank acquired 52 Wells Fargo bank branches Flagstar Bank acquired certain assets of Opes Advisors Inc. Flagstar Bank cut roughly 600 jobs thanks to slowing mortgage business Flagstar Bank layoffs total 300 in Troy, MI due to outsourcing Flexpoint Funding reportedly closed wholesale division, now completely shut down Flick Mortgage closed FMF Capital LLC closed Florida Community Bank shut by FDIC FNBA wholesale division and correspondent line shut down, 541 layoffs Fort Lee Federal Savings Bank, FSB shut by FDIC Fortes Financial halted lending Fortes Financial acquired five former National City regional wholesale offices Founders Bank shut by FDIC Foxtons, Inc. filed Chapter 11 bankruptcy Franklin American suspends jumbo wholesale lending Franklin Bank shut down by FDIC Franklin Bank Corp. closing warehouse line, layoffs Franklin Credit Management Corp. suspends loan acquisition and origination Franklin First Financial shut down Freddie Mac cut 100+ jobs Freedom Bank shut down by FDIC Freedom Bank of Georgia shut down by FDIC Freedom Financial shutting down Freedom Mortgage Corp. acquired J.G. No doubt more are coming. Citibank layoffs August 3rd 2022. Instead, according to the former employee, the company took a decidedly different tack: Instead, yesterday morning they just decided to announce a company update that was the name of the meeting. I believe National City owned First Franklin but sold it to Merrill Lynch in 2006, and Merrill was later acquired by Bank of America. Guaranteed rate laid off underwriters and closers last week, October 7, 2022. 20 years in the business overall. What Credit Score Do You Need to Get a Mortgage? Non-QM lender was doing $380M/month in loan volume, former executive says. The executive said that of the $380 million in monthly loan volume, $20 million to $25 million was retail loans. Jul 07, 2022 Non-QM lender was doing $380M/month in loan volume, former executive says. SitusAMC just laid off at least all senior QC Underwriters. As for non-QM lenders, the going gets particularly tough during periods of economic turmoil like we are currently witnessing. RoundPoint Mortgage, a wholly owned subsidiary of Freedom Mortgage announced to employees on July 28 that they are shutting down their retail operations. Copyright 1996-2023 KM Business Information US, Inc, Non-QM focus a winning strategy for lender, Fired workers sue First Guaranty Mortgage over lack of notice, Average mortgage rate: Everything you need to know, Investment property mortgage rates: Everything you need to know, Historical mortgage rates in the USA: Highest High and Lowest Lows, Sprout closed abruptly hours before payroll, chief information officer Henry Santos wrote on the platform. Cal BNY Mortgage changes name to EverBank Reverse Mortgage BOK Financial exited correspondent lending business Bradford & Bingley (UK) nationalized, 370 layoffs Bradford Bank (MD) shut by FDIC Bramble Savings Bank shut by FDIC Brickwell Community Bank shut down by FDIC Bridgeview Bank Mortgage cut 97 jobs Bridger Commercial Funding closing Broad Street Mortgage sold to Wausau Mortgage Corp. Broadway Bank shut by FDIC BrokerSource ceased operations BrooksAmerica Mortgage Corp. temporarily suspended new loan originations BSM Financial closed wholesale unit BrokerSource Budget Finance Co. layoffs Butler Bank shut by FDIC Butte Community Bank shut by FDIC c2 Financial (UK lender) to lay off roughly 20 percent of workforce C & G Financial suspended funding/production C-BASS acquired Fieldstone Investment Group, struggling with margin calls Calculated Risk Analytics bought Castle Mortgage, will rebrand as Excelerate Capital Caliber Home Loans bought Banc Home Loans Caliber Home Loans acquired First Priority Financial Caliber Home Loans acquired Cobalt Mortgage California National Bank shut down California TD Investments LLC filed for bankruptcy CalPERS home loan program suspended Calusa Investments website down, thought to be closed Cambridge Home Capital loses FHA approval Cameron Financial Group bankrupt Canyon National Bank shut by FDIC Cape Fear Bank shut down by FDIC Capital City Bank Group Inc. acquired 51% ownership stake in BrandMortgage CapitalSouth Bank shut down by FDIC Capital One exits mortgage business Capital One cut another 286 jobs at Plano office related to mortgage exit Capital One laid off 109 employees at Wilmington, DE mortgage center Capital One Financial bought Beech Street Capital Capital One Financial bought Chevy Chase Bank Capital One Home Loans shutting Overland Park office, 300+ layoffs Capital One Mortgage 2,000 layoffs planned nationwide Capital Six Funding subprime and hard money lender suspended operations CapitalSource Inc. to acquire retail banking operations of Fremont General Capitol City Bank & Trust Company shut by FDIC Capmark Financial Group files Chapter 11 bankruptcy CapStar Bank purchased Farmington Financial Group Carlile Investments Inc. acquired All Fund Mortgage Carolina Federal Savings Bank shut by FDIC Carrington Holding Company, LLC acquired Clear Financial Solutions Limited (UK) Carrington Mortgage purchased certain assets of American Home Equity Corp. Carson River Community Bank shut by FDIC Carteret Mortgage Corp. to be closed down, hundreds of layoffs loom CashCall cut 486 jobs in Anaheim, CA Castle Point Mortgage will no longer accept wholesale broker applications CBA Commercial said to have had sizable layoffs CBRE Realty Finance halted lending Celebrity Financial purchased Midwest Equity Mortgage Centennial Bank shut by FDIC Centennial Mortgage and Funding Inc. / Award Mortgage shut down CenterState Bank acquired mortgage staff from State Bank and Trust Company Centex Home Equity changed its name to Nationstar Mortgage Central Arizona Bank closed by FDIC Central Bank of Georgia shut by FDIC Central Federal Credit Union placed in conservatorship Central Florida State Bank shut by FDIC Central Pacific Mortgage closed, TMSF cancels deal to acquire company Central Progressive Bank shut by FDIC Central States Mortgage Co. suspends operations Century Bank FSB to halt wholesale lending Century Bank FSB shut down by FDIC Century Security Bank shut by FDIC CertusBank acquired Resource Financial Services CF Bancorp shut by FDIC CFIC Home Mortgage closing down Champion Bank shut by FDIC Champion Home Builders 196 layoffs Chapel Funding bought by Deutsche Bank Charcol Mortgages (UK) cut up to 50 jobs Charter Bank (Santa Fe, NM) shut by FDIC Charter Funding believed to be closed by parent First Magnus Financial Charter Mortgage shut specialty lending unit Charter National Bank and Trust shut by FDIC Charter Oak Bank shut by FDIC Charter One exits wholesale lending Chase laid off roughly 400 mortgage workers in Arizona, Florida, and Ohio Chase shuttered mortgage customer assistance office in Milwaukee, 135 layoffs Chase cut hundreds of mortgage workers in Rochester and Jacksonville Chase cut 155 jobs at its Garden City, NJ mortgage office Chase cut 165 jobs at Chatsworth, CA mortgage processing center Chase cut 156 mortgage jobs in Houston Chase laid off 168 employees from Irvine, CA mortgage office Chase closed mortgage office in Irvine, CA, layoffs Chase cut 440 mortgage jobs in Columbus, Ohio area Chase shut mortgage office in Troy, Michigan that handled refis and loan mods, 360+ layoffs Chase cut 145 mortgage jobs at offices in Chicago and nearby Downers Grove Chase cut 42 mortgage servicing jobs in Iselin, NJ Chase shed 97 mortgage positions in Columbus, OH Chase cut 500+ mortgage jobs in Texas Chase cut 730 jobs at San Diego loan servicing unit, eventually close office Chase closed Florence, SC mortgage servicing center, laying off 450 employees Chase cut 94 jobs at Milwaukee mortgage center Chase to buy Bear Stearns Chase closing subprime loan facility in Ontario, CA 91 layoffs Chase Washington Mutual merger Chase closed mortgage facility in Albion, NY, 400 layoffs Chase cut 435 jobs at three separate offices in Tampa, FL Chase cut 500+ mortgage assistance jobs in Florence, SC Chase wholesale lending division shut down Chase shut home equity and subprime wholesale units, layoffs Chase shut warehouse lending unit, cutting another 2,800 WaMu jobs Chase closed operation centers in CA and NJ Chase shut home equity processing center in Rochester, 300 layoffs Chase cut roughly 100 home equity jobs in Indianapolis Chase cut 9,200 Washington Mutual jobs Chase de Vere Mortgage Management (UK) to close Chase Home Finance closed retail subprime operations center in Woodcliff, NJ Chase Home Finance shut 430-employee branch in Lexington, KY Chase Home Lending cut 55 jobs in San Diego Chase Home Lending cut 52 wholesale mortgage jobs in Orange, CA Chase Home Lending cut 132 jobs in Ohio Chase Home Lending unit closing in Charlotte, 92 layoffs Chase Home Lending cut 266 jobs in Pennsylvania Chase Home Mortgage halts construction lending Chase Wholesale Lending shut four loan centers, cut 175 jobs Cherry Hill Mortgage Investment Corp. acquired Aurora Financial Group Inc. Chestatee State Bank shut by FDIC Chevy Chase layoffs, to stop lending in CA Chevy Chase cut correspondent channel, facing class-action lawsuit Chevy Chase halts construction-to-perm lending Chevy Chase seized wholesale lending Chevy Chase layoffs Chicago and Dallas Federal Home Loan Banks proposed merger off Chipola Community Bank shut by FDIC CHL Mortgages (UK) to cut 20% of staff Choice Capital Funding rumored to be closed Churchill Mortgage laid off roughly 20 workers in Tennessee CIBC layoffs CIT Group Inc. sold Financial Freedom, exit reverse mortgage business CIT Group Inc. shut down mortgage division 500+ layoffs CIT Group Inc. bought OneWest Bank (formerly IndyMac) CIT Group Inc. sold remaining mortgage assets to Lone Star Funds CIT Group Inc. files for bankruptcy Citadel Servicing Corp. cut 108 jobs in Irvine, CA Citadel buying ResMAE Citi cut 160 mortgage service jobs in Las Vegas Citi closed default mortgage service centers in Fort Mill and Hagerstown, hundreds of layoffs Citi cut more than 2,000 mortgage jobs by early 2014 Citi laid off roughly 760 mortgage employees in Las Vegas CitiFinancial to close 376 branches, 500+ layoffs Citigroup shut Danville, IL call center created to handle excess refinance capacity, 121 layoffs Citigroup laid off 150 workers at Fort Mill, SC Citigroup layoffs as high as 45,000 Citigroup bought ABN AMRO Mortgage Group, acquired assets of Argent Mortgage Citigroup layoffs in collateralized debt obligation unit Citigroup to sell or shut down First Collateral Services Citigroup to layoff 2000 investment bankers/traders Citigroup stopped wholesale mortgage lending Citigroup to cut 9,000 jobs Citigroup cut about 30 jobs in structured-credit group tied to mortgage losses Citigroup to close Future Mortgages (UK) and CitiFinancial (UK subprime), layoffs Citigroup cut 125 jobs in Texas Citigroup to cut up to 6,500 investment banking jobs Citigroup correspondent lending halted Citi Home Equity layoffs CitiMortgage wholesale to cut jobs, drop brokers CitiMortgage halts wholesale home equity lending, 500 layoffs CitiMortgage halted jumbo wholesale lending CitiMortgage cut 190 wholesale mortgage jobs in Des Moines, IA Citi Residential Lending retail mortgage unit to be consolidated Citizens Bank mortgage layoffs Citizens Bank and Trust Company of Chicago shut by FDIC Citizens Bank of Effingham shut by FDIC Citizens Bank of Northern California shut by FDIC Citizens Community Bank shut by FDIC Citizens Financial Group acquired Franklin American Mortgage Company Citizens First National Bank shut by FDIC Citizens National Bank shut down Citizens Republic Bancorp to cut 60 jobs, mainly from mortgage processing Citizens State Bank shut by FDIC City Bank shut by FDIC Clayton Holdings acquired Red Bell Real Estate, LLC Clear Choice Financial in default, bankruptcy possible CliftonLarsonAllen acquired Bankers Advisory Inc. CMXL acquired All Fund Coast Bank sold to First Banks of St. Louis Coastal Bank shut down by FDIC Coastal Community Bank shut by FDIC Cobalt Capital (UK) shut down Cohen Financial cut 25% of staff Coldstream Financial Services closed Collateral Real Estate Capital acquired by BB&T Colonial Bank shut by FDIC Colonial National Mortgage closing operations center in Ohio Colonial National Mortgage to halt wholesale lending Colony Bank agreed to purchase PFB Mortgage Colony Mortgage Corp. closed Colorado National Bank shut down by FDIC Columbia Bancorp shut mortgage unit, cut 39 jobs Columbia Home Loans subprime lender closed Columbia River Bank shut by FDIC Columbia Savings Bank closed by FDIC Columbian Bank and Trust Co. (Kansas) shut down by FDIC Commerce Bank of Southwest Florida shut by FDIC Commerce Bancshares, Inc. acquired Assumption Mortgage Corp., renamed Assumption Mortgage, LLC Commerce Home Mortgage bought LoanStar Home Loans Commercial First (UK) halted new lending Commonwealth Bank of Australia to acquire Wizard Home Loans Community Bank and Trust (Cornelia, GA) shut by FDIC Community Bank of Arizona shut by FDIC Community Bank of Lemont shut down Community Bank of Nevada shut by FDIC Community Bank of Rockmart shut by FDIC Community Bank of the Ozarks shut by FDIC Community Bank of West Georgia shut by FDIC Community Banks of Colorado shut by FDIC Community Capital Bank shut by FDIC Community Central Bank shut by FDIC Community First Bank shut by FDIC Community First Bank Chicago shut by FDIC Community National Bank shut by FDIC Community National Bank at Bartow shut by FDIC Community National Bank of Sarasota County shut by FDIC Community One Federal Credit Union shut down Community Resource Mortgage closed its wholesale lending division, layoffs Community Security Bank shut by FDIC Community South Bank (Parsons, TN) closed by FDIC Complete Financial Solutions acquired American Patriot Bank Comunidades Federal Credit Union of Los Angeles shut down ComUnity Lending halted operations, faces liquidation Concord Mortgage Co. believed to be out of business Concorde Acceptance rumored to be closed Contact 4 (UK) to cut 108 jobs Cooperative Bank shut by FDIC Copper Star Bank shut by FDIC CoreLogic acquired Marshall & Swift/Boeckh (MSB) and DataQuick CoreLogic closed Charlotte office and lay off 62 employees CoreLogic closed offices in Lancaster (CA) and Simi Valley (CA), 154 layoffs CoreLogic purchased Case-Shiller home price indexes from Fiserv CoreStar Financial Group closed Corn Belt Bank and Trust Co. shut down by FDIC Cornerstone Home Lending acquired The Roscoe State Bank Cortez Community Bank shut by FDIC Corus Bank shut down by FDIC Country Bank shut by FDIC Countrywide combines wholesale and correspondent units Countrywide closing wholesale fulfillment centers Countrywide shut 16 wholesale loan fulfillment centers Countrywide believed to have shut 46 Full Spectrum Lending branches Countrywide Correspondent Lending Division cut 293 jobs Countrywide Specialty Lending Division layoffs Countrywide Capital Market Division cut 65 jobs Countrywide laid off 73 employees in Canoga Park Countrywide layoffs in subprime , may be bought out by Bank of America Countrywide cutting up to 12,000 jobs, more about the Countrywide layoffs County Bank (Merced, CA) shut down by FDIC Cove Financial Group Inc. ceased operations Covenant Bank shut by the FDIC Covenant Bank & Trust shut by FDIC Credit Suisse layoffs, bought LIME Financial Credit Suisse to cut 500 investment banking jobs Credit Suisse to cut 150 jobs in its investment bank unit in UK Credit Suisse cut 210 jobs in NYC CreekSide Bank shut by FDIC Crescent Bank and Trust Company shut by FDIC CrossCountry Mortgage acquired PERL Mortgage, Inc. CrossCountry Mortgage, LLC acquired assets of First Choice Loan Services Inc. CrossCountry Mortgage acquired bemortgage from Bridgeview Bank CSB Mortgage Company ceased wholesale mortgage lending, layoffs CTX Mortgage reportedly for sale CU National Mortgage halts lending Dana Capital closed Darby Bank & Trust Co. shut by FDIC DB Home Lending consolidated with MortgageIT, layoffs, rumored to be closed Decatur First Bank shut by FDIC DeepGreen Financial closed Decision One shut down, layoffs Del Sur Mortgage merged with Academy Mortgage Corporation Delta Financial closed offices, 300 layoffs Delta Financial bankruptcy, suspends loan origination Delta Financial Corp. layoffs Desert Hills Bank shut by FDIC Deutsche Bank Correspondent Lending Group consolidating business to MortgageIT DeWitt Mortgage Services & Property Management halted lending in Georgia Diablo Funding Group shut down Digital Risk LLC cut 745 mortgage jobs in Florida Digital Risk laid off 112 employees in Boca Raton, FL Direct Finance Corp. acquired First Call Mortgage Co. 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