General World News

RealFi lays off employees without paying salaries, severance: sources 

New York-based nonbank mortgage lender RealFi (formally known as Residential Home Funding Corp.) laid off employees in December and did not issue their last paychecks or provide a severance package, former workers told HousingWire. 

The company’s executives held a conference call with employees on Dec. 15, notifying them about the job cuts because of a “lack of work” and “warehouse lines of credit,” a former underwriter told HousingWire anonymously for fear of retaliation. 

“They paid the salary on Dec. 15 and said our last check would be on Dec. 29. Then, on Dec. 28, details ⇒

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