New American Funding

Banking & Financial Services Location not specified, United States

Report

Total cuts

160

Verified

Date announced

September 3, 2026

Supporting source

HousingWire Coverage published Sep 3, 2026

Layoff Summary

New American Funding cut 160 jobs in its U.S. consumer-direct mortgage business.

The reductions occurred during August and the week of the announcement; the company cited current mortgage-market conditions.