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I was just laid off from my mortgage-title company along with 25 other employees, it seems there are more layoffs coming, if anyone out there currently work or are connected with countrywide there is an other layoff coming in a few weeks. We got no warning, no severance and not even out vacation time. Just wanted to warn a few people.

3 Thoughts on What is happening to the mortgage industry?
  1. Reply
    aswkingfish
    March 18, 2012 at 1:13 am

    It is called greed and preying on the innocent that caused your problem. Its not your fault it is your employer’s fault. I see a big class action lawsuit coming in the near future.

  2. Reply
    thinking-guru
    March 18, 2012 at 1:19 am

    It’s a very bad storm the industry is in and it won’t get better until next year. Not telling employees of impending layoffs is par for the course. The bottom line is always $ $ $ $ $ and the people that make the business run get shafted first.

    The lending industry is cleaning out it’s closets – so to speak – and those that can hang on will be fine when the clouds clear off.

  3. Reply
    Ann Lynn
    March 18, 2012 at 2:00 am

    I know of 3 people personally these layoffs effected and they were all in the business for 5-10 years, I think the layoffs will keep happening until they close their doors or someone buys them out like bank of america. Sorry about the layoff, it is tough out there.

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