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The Philadelphia Inquirer
The Philadelphia Inquirer
Business
Harold Brubaker

Layoffs hit the mortgage industry as the housing market sees an 'across-the-board slowdown'

United States Housing Market Philadelphia

PHILADELPHIA — Whenever the the housing market slows significantly, layoffs in the mortgage industry follow.

And that's what happened Tuesday at Radian Group Inc., a Wayne, Pennsylvania, firm that sells mortgage insurance and provides other services in the residential real estate industry.

Radian told state regulators that it planned to lay off 66 employees at its Delaware County headquarters and 100 more at an office in Allegheny County. The company employed 1,800 people overall at the end of 2021.

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