Homebridge to lay off 139 following CMG Mortgage deal
The company counts nearly 2,000 employees on LinkedIn, and operates two wholesale divisions alongside the impacted retail channel.
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The company counts nearly 2,000 employees on LinkedIn, and operates two wholesale divisions alongside the impacted retail channel.
Homebridge will lay off 139 employees in June, three months after CMG acquired its retail division, according to a New Jersey WARN notice.
TRANSACTION INCLUDES $34 BILLION OF DEPOSITS, $13 BILLION IN LOANS, AND $25 BILLION IN CASH, AND IS EXPECTED TO BE SIGNIFICANTLY ACCRETIVE TO BOTH EARNINGS PER...
The move comes nine months after Homebridge ended a planned merger last June with fintech Figure Technologies over delays in closing among other factors.
California-based CMG Mortgage struck a deal to acquire the retail division of Homebridge Financial Services, the companies announced Monday.