Thread regarding Rocket Mortgage / Quicken Loans layoffs

NLRB changes rule about tying severance to negative comments Feb. 21, 2023

It is now illegal for companies to tell employees they cannot speak negatively about the company in order to receive a severance.

https://www.nlrb.gov/news-outreach/news-story/board-rules-that-employers-may-not-offer-severance-agreements-requiring

I’m looking into if it is retroactive.

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The ten greatest lenders based on the number of mortgages originated in 2012 are as follows:

  • Rocket Mortgage. According to HMDA data, Rocket originated 464,000 loans worth $127.6 billion in 2022, remaining the market leader. This is a significant decline from 2021, when Rocked made over 1.2 million loans worth $340 billion.
  • United Shore Financial Services. In 2022, this lender, also known as United Wholesale Mortgage, originated 348 million loans worth nearly $127.5 billion.
  • LoanDepot. LoanDepot maintained its No. 3 ranking in 2023 by originating 156,000 loans worth $53 billion.
  • Wells Fargo. Early in 2023, the megabank announced that it would reduce mortgage lending. Last year, however, Wells Fargo originated nearly 143,000 loans totaling $79 billion.
  • Fairway Independent Mortgage. Close to 128,000 loans totaling $41 billion were originated by Fairway.
  • Bank of the United States of America. Returning to the list of the top 10, Bank of America originated 121,000 loans totaling $54 billion.
  • U.S. Bank. Also returning to the top 10, U.S. Bank originated nearly 120,000 loans with a total value of $43 billion.
  • The JPMorgan Chase bank. Chase Home Lending, a division of the megabank, originated 115,000 loans totaling $73 billion. Its average loan quantity, which exceeded $631,100, was the highest among the top 10 lenders.
  • PNC Bank. PNC made roughly 108 thousand loans totaling $37 billion.
  • Citizens Bank. Citizens originated 101 000 mortgages with a total value of $25 billion.
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