I think things will get worse before it gets better

Movement Mortgage is staying mum on a report saying the company recently laid off more than 150 employees. A HousingWire report said Movement is laying off operational staff nationwide, including those in processing, underwriting and closing. The... — read more 

A friend of mine got laid off from movement today, he was an underwriter in there for about a year and a half

Laid off the entire insurance Review department on a team's call. No notice. Just told to log off after the call. We were told to email recruiting to inquire about other possible opportunities. Who in their right mind would do that? Don't walk... — read more 

This should come as a surprise to no one. This company created in 2008 is incredibly immature when understanding the long term mortgage market. They budgeted a.k.a. "overspent their way into their current position. They based their belief on margins... — read more 

I know this hardly comes as a surprise to anybody, but there were more layoffs at Movement Mortgage this week. I'm not exactly sure of the number, but from what I've heard over a hundred people were shown the door. It wasn't location based, either, I... — read more 

The link is below. I am afraid this is just the start of layoffs. If the rates go up, the industry will melt down. God bless. http://www.charlotteobserver.com/news/business/banking/article200891629.html

The HQ has been hit with layoffs - this was transpiring last week - Indian Land, SC... 75 folks got the cut, all operations roles. AZ adn Virginia was hit as well. Again, they are not disclosing all we need to know but it is what it is - MM is a... — read more