Were already starting to see layoffs at Wall Street firms and there is talk about some restructuring in the banking industry, Thomas Smythe, a finance professor at Florida Gulf Coast University, told the Washington Examiner. Do you know WHY our loan was transferred/sold, and what is Rushmores track record on giving loan modifications and/or principal reductions. shut by FDIC Seneca Mortgage Servicing LLC cut 43 jobs in Buffalo, NY Senior Lending Network no longer taking applications ServiceLink cut up to 53 jobs in Overland Park Seterus, Inc. shut mortgage servicing unit in Durham, NC, cut 310 jobs Shearson Financial Network to file bankruptcy Shelter Mortgage Co. cut 63 jobs in Milwaukee Sherman County Bank shut down by FDIC ShoreBank shut by FDIC Shoreline Bank shut by FDIC Silver Hill Financial cut 45 jobs Sierra Pacific Mortgage closed several branches Silver Falls Bank shut down by FDIC Silver State Bank shut down by FDIC Silver State Mortgage closed Silverton Bank shut by FDIC Sindeo closed its doors, majority of staff laid off Slavie Federal Savings Bank shut down by FDIC SoFi cut around 100 mortgage jobs SoFi cut 65 jobs at mortgage centers in Healdsburg, CA, and Cottonwood Heights, UT Solent Mortgage Services (UK) closing its door Solent Mortgage Services (UK) layoffs Solstice Capital (HSBC retail) halted lending, 130 layoffs Sonoma Valley Bank shut by FDIC SolutionsBank shut by FDIC Solutions Funding closed Southern Community Bank shut by FDIC Southern Star Mortgage cut wholesale lending Southern Star Mortgage halts loan origination Southshore Community Bank shut by FDIC Southstar Funding closed Southwest Bank acquired BMC Mortgage Services Inc. Southwest Community Bank shut by FDIC SouthwestUSA Bank shut by FDIC Sovereign Bancorp to cut 1,000 jobs Spectrum Financial Group files bankruptcy Springleaf Finance closed Irving, TX mortgage servicing center, 114 layoffs St. Stephen State Bank shut by FDIC Starpointe Mortgage closed State Bank & Trust of Fargo purchased Bell Mortgage State Bank of Aurora shut by FDIC State Bankshares Inc. bought The Business Bank of Minnetonka and its Prime Mortgage division Statewide Bank shut by FDIC Stearns Holdings LLC (parent of Stearns Lending) filed for bankruptcy Stearns Lending exited delegated correspondent lending, selling unit to Flagstar Stearns Lending acquired equity interest in Citywide Home Loans Stearns Lending cut 159 jobs in Orange County, CA Stearns Lending entered shared equity partnership deal with Certainty Home Loans Stearns Lending acquired wholesale, non-delegated correspondent, and consumer-direct businesses of Primary Capital Mortgage, LLC Sterling Bank shut by FDIC Sterne Agee Group Inc. acquired FBC Mortgage Steven J. Baum P.C. Scary times for all of us in the industry. It took net losses of $64 million in the first quarter and $15 million a year ago. Denver office Nationstar Mortgage halts wholesale lending Nationwide Bank cut 50+ jobs from mortgage division in Des Moines Neighborhood Community Bank shut by FDIC NBRS Financial closed by FDIC NetBank shut down by FDIC due to excessive mortgage defaults Netbank Funding closed NetMore America Inc. layoffs Nevada Commerce Bank shut by FDIC Nevada Security Bank shut by FDIC New American Funding shut down wholesale lending department in 2016 New American Funding acquired Marketplace Home Mortgage New Century filed bankruptcy New Century Bank shut by FDIC New City Bank shut by FDIC New England Merchants Corp. received cease and desist order New Equity Mortgage merged with Advent Mortgage New Fed Mortgage Corp. acquired Commonwealth Mortgage LLC New Frontier Bank shut by FDIC New Horizons Bank shut by FDIC New Horizons Reverse Mortgage Inc. filed for Chapter 7 bankruptcy NewLeaf Wholesale layoffs, possible shutdown New Liberty Bank shut by FDIC New Penn Financial acquired Envoy Mortgages correspondent lending division New Penn Financial acquired Resurgent Mortgage Servicing New Penn Financial bought Shelter Mortgage Co. New Residential Investment Corp. bought Caliber Home Loans New Residential acquired Ditech Holdings forward mortgage servicing and origination business New Residential acquired Shellpoint Partners (New Penn Financial) New Residential acquired Home Loan Servicing Solutions New South Federal Savings Bank halts all mortgage lending New South Federal Savings Bank shut by FDIC New State Mortgage Company ceased wholesale lending operations New Vision Residential Lending to close at end of month New York Community Bancorp, Inc. acquired Flagstar Bancorp New York Community Bank cut 200+ jobs in Cleveland when it exits mortgage business Nexity Bank shut by FDIC Nikko Citigroup to cut 10% of staff Nomura Securities closed its nonconforming mortgage conduit and laid off staff Nomura Holdings to shut mortgage-backed securities business, 1300 job cuts Norddeutsche Landesbank made offer for Deutsche Hypothekenbank AG North Milwaukee State Bank shuttered by FDIC Northern Georgia Bank shut by FDIC Northern Rock sold $4.3 billion mortgage portfolio to JP Morgan Chase Northern Star Bank shut down by the FDIC North County Bank shut by FDIC North Houston Bank shut down Northrim BanCorp acquired Residential Mortgage LLC Northstar Bank of Texas acquired Goldome Financial, Inc. Northwest Bank & Trust shut by FDIC NOVA Bank shut by FDIC NovaStar layoffs Novastar closed wholesale unit, facing potentially huge lawsuit, laying off 37% of workforce Novastar job cuts expected from sale of servicing unit Novelle Financial said to have ceased operations NVR Mortgage Finance (builder) restricted from offering Alt-A, subprime and piggyback loans Oakmont Mortgage closed Oak Street Mortgage closed, files bankruptcy Ocala National Bank shut down by FDIC Ocwen closed facilities, cut 2,000+ jobs nationwide Ocwen Financial Corp. acquired PHH Corp. Ocwen Financial Corp. halted wholesale lending (forward), potential layoffs Ocwen Financial Corp. cut 800+ jobs nationwide Ocwen Financial Corp. bought Clearpoint Mortgage Ocwen Financial Corp. completed purchase of reverse mortgage lender Liberty Home Equity Solutions Ocwen Financial Corp. bought Kent County State Bank Ocwen Financial Corp. acquired Homeward Residential Holdings Inc. Ocwen Financial Corp. cut 300 jobs in Waterloo, Iowa Ocwen Financial Corp. cut 54 jobs in Fort Washington, PA Oglethorpe Bank shut by FDIC Old Harbor Bank shut by FDIC Old Southern Bank shut by FDIC Olde Cypress Community Bank shut by FDIC OMG Wholesale suspended operations Omni National Bank shut down by FDIC One Georgia Bank shut by FDIC OneCap Mortgage Corp. license revoked OneMain Financial halted mortgage lending in New York state One Reverse Mortgage halted operations OneWest Bank to halt reverse mortgage lending OneWest Bank cut 78 jobs in Pasadena, 102 in Irvine, CA OneWest Bank cut 725 jobs in Austin, TX after Ocwen purchases mortgage servicing rights (MSRs) Open Mortgage acquired Premier Home Mortgage Open Mortgage acquired reverse mortgage unit from 360 Mortgage Group Opendoor cut 600 jobs Opteum closed conduit and wholesale operations Optima Funding reported to have ceased operations Optimal Blue acquired LoanSifter Option One shut down Option One layoffs, pending sale to Cerberus Capital Management LP Option One cut 50 jobs in Bay Area Opus Mortgages (UK) put into liquidation Own It Mortgage closed Origen Correspondent Mortgage Group to be shut down Origen Financial ceased Texas ops, cut 96 jobs Orion Bank shut by FDIC Oxford Funding acquiring Huntington Financial Pacific American Mortgage (PAMCO) no new submissions, halted operations Pacific Coast National Bank shut by FDIC Pacific Mercantile Bank exited the consumer mortgage origination business Pacific National Bank shut down Pacific State Bank shut by FDIC Pacific Union Financial closed El Paso mortgage call center Pacific Western Bank acquired Civic Financial Services, LLC Palm Desert National Bank shut by FDIC Palos Bank and Trust Company shut by FDIC Pan American Mortgage cut 443 jobs Paragon Home Lending said to be shut down Paragon Mortgages (UK) laid off 62 Mortgage Trust staff Paramount Bank shut by FDIC Park National Bank shut down Parkway Bank closed by FDIC Partners Bank 100th bank failure of 2009 Partners Group Unlimited bought out by Mortgage Network Inc. Patriot Bank of Georgia shut by FDIC Patriot Bank Minnesota shut by FDIC Paul Financial suspends loan origination Paul Financial LLC cut 57 jobs Peninsula Bank shut by FDIC Pentagon FCU bought TIAA Banks correspondent lending unit, layoffs Peoples Bank shut mortgage office in Westerville, OH, 31 layoffs Peoples Choice Financial Corp. bankrupt Peoples Community Bank shut by FDIC Peoples First Community Bank shut by FDIC Peoples Mortgage closed Peoples State Bank shut by FDIC Peotone Bank and Trust Company shut by FDIC PFF Bank and Trust shut down by the FDIC PHH Mortgage Corp. cut 91 jobs in Amherst, NY PHH Mortgage Corp. cut 78 jobs in Mt. January 5, 2023, 10:25 AM. Company has posted 3 straight quarterly losses, reduced its workforce by 20% in 2022. And Bank of Americas Michael Gapen pointed out that while the latest data shows a very healthy labor market and an apparent mismatch from anecdotal evidence tech layoffs may not show up in the employment data for as long as laid off workers are receiving severance. I was directed to Transnational Financial Network. How do you transition from QC defense to offense in 2023? Jan 2023. DZ. Expect more layoffs, if not another complete closure, in the coming weeks/months. Nov. 11, 2022 Juul announced layoffs, which are expected to affect roughly 30% of its workforce, the Wall Street Journal reported, as the embattled company secures additional funding from. Hello Im selling my house and have been informed that I have a lien on my title from Aames Funding Corp. Sales folks jumping ship now. Freedom also recently had layoffs. Business | Economy | Job News: US Postal Services plans to buy 9,250 EV Ford Delivery Vehicles . Hey Colin, North American Savings Bank announced on Friday 1/6/23 they will be close their Consumer Direct Division. Working at Finance of America: 312 Reviews | Indeed.com Co. never reconveyed the title or released the lien it is showing on title = am in the process of selling but Washtenaw went out of business in 2005 no phone #s or emails are any good. How can I get this lien released? A survey of Fed participants released after the meeting shows that most foresee the target rate rising from 5% to 5.25% in 2023. Finance of America Plans To Sell Retail Unit, Close Forward Wholesale BAC - Bank of America Layoffs 2023: What to Know About the Latest BofA Number is unknown. Ive heard theyre also making pay cuts. I cant find anyone to help me clear this up. My mortgage is with PNC, who bought Round point Mortgages. That follows a total of 16,193 tech job losses last month, according to data from the Challenger, Gray and Christmas consultancy . Citigroup's chief financial officer Mark Mason also said last week in an earnings call that the bank was actively hiring to execute against our strategy, while also replacing where that makes sense in light of the environment that we're in.". Just a comment; Ive been in the mortgage industry just under 30 years. I think they acquired some parts of the company in early 2016. Could you please remove some of the older components of the list? And it's not just tech workers being let go. Palantir Technologies Inc. plans to cut less than 2% of its workforce in the latest round of technology layoffs. "Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so," Jassy said in his message to Amazon staff. Our baseline scenario contemplates a mild recession. Mortgage Brokers vs. Banks: Which Is Better? Business Loans and Lines of Credit, Equipment Finance-Leasing, Real Estate Financing, Capital Access Funds, Global Institutional Consulting, Investment Solutions, Debt Capital Markets, Equity Capital Markets, Mergers . 11 bankruptcy petition, layoffs Transnational Financial Network suspended wholesale lending operations Triad Guaranty halts new business, layoffs Trident Mortgage Company no longer accepting applications Tri-Star Lending Group acquired by Impac Mortgage Holdings Trojan Lending ceased wholesale production Truman Bank shut by FDIC Trump Mortgage closed Trust Company Bank (Memphis, TN) shut by the FDIC Trustar Bank acquired Granite Mortgage Turnberry Bank shut by FDIC Two Harbors purchased Matrix Financial Services UBS to cut 8,700 jobs UBS to cut another 2,000 jobs UBS Home Finance stops wholesale lending Ulster Bank (RBS-UK) cut 750 jobs, close First Active mortgage unit Union Bank, National Association shut by FDIC Union Bank & Trust shuttered its Union Mortgage Group subsidiary, layoffs Union Home Mortgage Corp. to buy NOIC/Concord Mortgage Group Unique Mortgage Solutions closed, layoffs Unison cut 89 jobs in CA United Americas Bank shut by FDIC United Bank cut mortgage loan officer jobs as part of restructuring United Commercial Bank shut by FDIC United Equity LLC (Baltimore) shut down United Guaranty layoffs United Residential Lending halts wholesale lending United Security Bank shut by FDIC Unity National Bank shut by FDIC Universal American Mortgage Co. (mortgage banking subsidiary of home builder Lennar Corporation) acquired branches of Pinnacle Mortgage Group, Inc. Universal American Mortgage Co. shut down its processing center, 57 layoffs Universal Mortgage Corp. to close, 100 layoffs Unlimited Loan Resources closed Upland Mortgage filed Chapter 11 bankruptcy Urban Fulfillment Services LLC closed mortgage processing branch in Westlake Village, CA, 85 layoffs U.S. Bank cut approximately 40 mortgage jobs in Brookfield, WI U.S. Bank exited wholesale mortgage lending U.S. Bank cut jobs in Owensboro, KY U.S. Mortgage Corp. stops retail lending USA Bank shut by FDIC USA Federal Credit Union layoffs USA Mortgage / DAS Acquisition Co. acquired Capital Mortgage Solutions USA Mortgage/DAS Acquisition Co. cut 25 jobs USAA Bank eliminated 265 mortgage positions in Phoenix, San Antonio, and Tampa USAA Bank cut 120 mortgage jobs in Addison, TX, offering relocation Valley Bank locations in Fort Lauderdale, FL and Moline, IL shut by FDIC Valley Capital Bank shut by FDIC Valley Community Bank shut by FDIC Valley Vista Mortgage shut down all operations Vanderbilt Mortgage and Finance bought Silverton Mortgage Specialists Vantage Point Bank closed by FDIC Vantus Bank (IA) shut down by FDIC Varde Partners Inc. bought Deephaven Mortgage LLC Velocity Commercial Capital, LLC layoffs reported Velocity Financial Inc. layoffs Venture Bank shut down by FDIC Vericrest Financial Inc. changed its name to Caliber Home Loans Inc. Veritex Community Bank acquired 49% stake in Thrive Mortgage, LLC Vertex to cut 55 jobs related to DB Mortgages account (Deutsche Bank UK) Vertical Lend changes name to World Alliance Financial Vertice shut down (Wachovia wholesale lending channel) Vertice (Wachovia unit) undisclosed number of job cuts in third quarter of 2007 Vertice (wholesale mortgage unit of Wachovia) cutting 40 more jobs Victoria Mortgage Funding closed (UK subprime lender) ViewPoint Bankers Mortgage acquired 45 former CTX Mortgage employees Village Mortgage Company shut down wholesale lending channel Vineyard Bank shut by FDIC Virgin Money U.S. closed Virginia Business Bank shut by FDIC Virtual Bank Mortgage now Lydian Mortgage Vision Development Group of Broward County LLC (condo developer) Ch. The only thing is its hard to get a sense for time for each of these events. The indsutrywide shakeup is the first since 2018, when firms cut jobs in response to a cycle of reduced homebuying demand. Multichannel lender Finance of America (FoA) has laid off hundreds of employees across several rounds in the second and third quarters of 2022. ir@financeofamerica.com. The former CEO said these were steps to optimize the companys businesses amid the current environment. I need to order a payoff. Any help is appreciated. Need help with who acquired Advent Home Mortgage Corp/, West Chester, PA. This list gives us a perspective to get out of the mortgage industry and pivot to some else. The Last day to lock a loan Is October 31, 2022. Thank you!! Management did not elaborate on criteria used to determine who would be affected. More than likely they will be laying off operations today since its the end of their pay period. Wells Fargo to exit correspondent lending channel, Zillow Offers shut down, 25% of staff to be let go, Figure to merge with Homebridge Financial Services, AmeriSave Mortgage Corp. bought origination business of The Money Source (TMS), Bank of America to cease wholesale lending, Caliber Home Loans bought Banc Home Loans, CIT Group Inc. bought OneWest Bank (formerly IndyMac), CitiMortgage halts wholesale home equity lending, Citizens Financial Group acquired Franklin American Mortgage Company. Those were the first layoffs for Goldman since before the pandemic. 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.