Someone uploaded the zoom on YouTube. They also laid off bunch of people from Stearns, who they just bought last year. DTC sector was affected, unsure if any other sectors were as well. Do you know WHY our loan was transferred/sold, and what is Rushmores track record on giving loan modifications and/or principal reductions. Sources told. Laurel, NJ PHH Mortgage Corp. laid off 69 employees in Amherst, NY PHH Mortgage Corp. cut 2250 jobs in New Jersey PHH Mortgage Corp. cut 135 jobs in Amherst, NY PHH Mortgage Corp. laid off 130 employees at its Mount Laurel, NJ mortgage servicing center PHH Mortgage Corp. merger terminated PHH Mortgage Corp. exited wholesale/correspondent mortgage lending channel PHH Mortgage Corp. cut 33 jobs in Mount Laurel, NJ PHH Mortgage Corp. cut 80 jobs in Amherst, NY, eventually close office in 2017 PHH Mortgage Corp. laid off 365 mortgage workers in Jacksonville PHH Mortgage Corp. laid off 140 in Providence, 300 more from NJ and FL offices Piedmont Community Bank shut by FDIC Pierce Commercial Bank shut by FDIC Pillar Processing cut 601 employees at Long Island offices Pimco bought stake in First Guaranty Mortgage Pinehurst Bank shut by FDIC Pinnacle Bank of Oregon shut down by FDIC Pinnacle Direct Funding Corp merged with Tri-Star Lending Pinnacle Financial Corp. acquired by Impac Mortgage Holdings, closed Pisgah Community Bank closed by FDIC Plantation Federal Bank shut by FDIC Platinum Community Bank (IL) shut down by FDIC PMI Group Inc. (mortgage insurer) filed for Chapter 11 bankruptcy PNC Bank acquired BBVA PNC Bank acquired National City PNC Bank to close Capstone Realty Advisors (commercial mortgage unit) PNC Bank shed dozens of mortgage workers amid refinance slowdown PNC Bank discontinued wholesale home equity lending PNC Bank to cut 5,800 jobs PNC Bank to cut 30 workers at loan servicing center in Dayton Polk County Bank shut by FDIC Popular Financial Holdings exited the wholesale sub-prime mortgage market Popular Inc. cut 167 loan servicing jobs in New Jersey Popular Mortgage Corp. shut down Popular Warehouse Lending no longer accepting applications Portellus, Inc. (software) winding down mortgage division, selling mortgage assets Precision Financial Inc. closed Preferred Home Mortgage Co. cut 75 jobs Premier American Bank shut by FDIC Premier Bank shut by FDIC Premier Bank (Denver) shut by FDIC Premier Community Bank of the Emerald Coast shut by FDIC Premier Mortgage Funding, Inc filed for bankruptcy Premium Funding Corp. closed Pretium acquired Deephaven Mortgage LLC Primary Residential Mortgage Inc. acquire The Executive Mortgage Group Principal Mortgage Fund, Inc. to buy Fair Home Lending Financial, Inc. Write me, I am also in Santa Ana. Guaranteed Rate is getting ready to do two large layoffs before the Holidays. Why this site doesnt acknowledge is odd to me. The two rounds of layoffs account for 15-20% of the companys workforce. The comment section is very helpful. Please help me. Confirmed by friends that worked there :( I know Loan Depot has done several rounds of layoffs, Nations Lending Corporation did company wide round of layoffs 5/19/2022. "You know, I tend not to stop growing because you have a recession," he said. No class. The last day to lock loans in the pipeline and to submit a credit package on previously locked loans is October 28. Only kept the under achievers and poor producers, sad! Wells Fargo, one of the nation's largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Latest Finance of America Holdings Layoffs in USA: Find out who got sacked, which titles were let go, how much was the severance & how safe is your job. We are in foreclosure and are being considered for a loan modification. Anyone know who took over loan from Universal Mortgage Corporation when they closed down? Similar to what MOOGER MUNGER said, I am very happy to see the implementation of dates. This has been under the radar and nothing in the news about it. All rights reserved. Citibank layoffs August 3rd 2022. A monthly Bloomberg survey of economists found that there is about a 70% chance of a recession, more than double what was predicted six months ago. But unlike peers at Goldman Sachs and Morgan Stanley who have resorted to. When I search many of the Complete List postings, they are from a decade ago. Could you please remove some of the older components of the list? How does loanDepot not make the list? They closed and I need to obtain a release of mortgage. The Last day to lock a loan Is October 31, 2022. Amdocs, a global tech company, plans to lay off 3% of its workforce, a total of 700 employees. Not in bankruptcy? Anybody know the successor of First National Security Corp? Pentagon FCU (PenFed Credit Union) just laid off a unknown (seems to be large scale) number of mortgage employees Im a Current Employee. In her March interview with HousingWire, Cook said the company expected to consolidate the wholesale businesses under Joe Hullinger, the president of Finance of America Commercial. Do you know anyone who might know anything to help us get this resolved? What will happen to immigrants admitted through Bidens illegal parole program? Has anyone heard if Cake Mortgage Corp. is still in business? Last 2 weeks another 100 employees lay-off. In. All the searching I have done shows that they closed in 2005. The Texas-based company reduced its workforce across centralized operations and branches, cutting processors, underwriters, appraisers and the support team, with its most recent layoff on July 15, sources said. We have a loan with First Direct Lending in Irvine, CA. Over 25% reduction in staff since 1 Qtr. The layoffs come amid a mortgage market downturn and a larger company restructuring, multiple current and former staffers told HousingWire. 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 . I dont know if they merged. They will tell you everything is ok until they call you the day of. They will be merging with Union Home Mortgage. I have been in more lay offs than Id like to actually remember or count. Theyll be keeping the loan originators, however. The company reduced its workforce, taking out roughly 35% in costs on a run rate basis, equating to over $100 million annualized. Meanwhile, the call centers were expected to be under Kristen Sieffert, president of Finance of America Reverse. Amazon employed 1,544,000 people as of Sept. 30, up from 1,468,000 during the same period in 2021, the companys latest quarterly filing indicated. The 30 year mortgage was obtained in 2003 in Florida Property. People found out while they were working and their email was disabled. Like many competitors, FoAs traditional mortgage business has been affected by higher mortgage rates. 21 Things That Can Raise Your Mortgage Rate. Cook stepped down as CEO on June 30 due to an existing medical condition. 312 reviews from Finance of America employees about Finance of America culture, salaries, benefits, work-life balance, management, job security, and more. Now it has become disorganized company with constant layoffs, no direction, projects are constantly put on hold while management sits in meetings all day discussing changes and strategies . I would be greatly appreciative if anyone could assist me with current contact numbers for: AMC, TRANSNATIONAL FINANCIAL NETWORK or the institution that they were sold to. NASB Home Loans just laid off about 37 of their 90 loan consultants and around 40 operations staff on November 3rd, 2022. Looking to find out who took over Residential Funding Corp mortgage loans. I think Rushmore buys non-performing loansso that might explain it. Half of Q4 2022 transactions had wire and title fraud risks. Cross Country Mortgage layoffs in August, September and October. Unfortunately 1st Nationwide Mortgage closed down, and I have no contact with them due to their phones being shut down. Similar to this section, but more automated. A few days before Goldman Sachs laid off more than 3,000 . FoAs subsidiary Incenter operates a foreign branch in Manila for fulfillment transactional support, according to documents filed with the Securities and Exchange Commission (SEC). KEY TAKEAWAYS Goldman Sachs is in the middle of laying off 3,200 workers, or about 6% of its workforce.And in December, Morgan Stanley cut ties with roughly 1,200 employees or 2% of its workforce.BlackRock has let go of 500 employees, or less than 3% of its workforce, representing the company's first round of layoffs . Alexandra Semenova. Amerifirst Home Mortgage (Kalamazoo, MI) layoffs at end of first quarter. Loansteady laid off about 30%+ of its staff and is now merging with Mutual of Omaha, Pennymac laid off 300 Underwriters as of Monday 5/9/2022, Homeowners Financial Group out of Arizona , laid off people on 5/2. I cant believe it hasnt been reported anywhere, Monday Freedom Mortgage laid off 160 Government Underwriters Monday May 23rd, Provident Funding laid off roughly 50 in Nov 2021 and had another round on June 2nd 2022 (exact figures unknown but estimates around 20-40 people). What can I do to have this removed from title when the company no longer exists? The increasingly darkening skies for banking and finance come after a year in which tech companies were buffeted by layoffs, despite most other parts of the labor market proving resilient. The banks chief executive officer David Solomon confirmed during an earnings call Tuesday that Goldman Sachs slashed about 6% of its workforce, or 3,200 jobs. Primary Residential Mortgage, Inc. (PRMI) laid off 1/3 of their staff last month over the course multiple weeks and laid off several executives (VP EVP) yesterday. Possible undisclosed merger or acquisition in progress. Numbers are unknown but my guess they likely reduced workforce by about a third in total. I was laidoff off on March shortly after a Processing Manager and her entire team. Thank you!! 11 bankruptcy Liberty American Mortgage halted wholesale lending LibertyBank shut by FDIC Liberty Home Lending ceased wholesale lending Liberty Mortgage Corp. ceased wholesale lending Liberty Mortgage Funding Co. filed for Ch. The layoffs were a result of the bank's decision to exit the channel, a spokeswoman confirmed. 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. For additional information, please see https://ir.financeofamerica.com/news-events/press-releases Important Dates for Applicants: The Last day to submit applications is October 25, 2022. Its big news. Bank of America CEO Brian Moynihan said Friday that his firm is preparing for a recession, including a situation in which the recession is worse than anticipated and unemployment rises from the 3.5% level it is at now up to 5.5% this year. Is Rushmore a good company and did Beneficial merge with this company? Jassy's message came the same day Salesforce (CRM) said it would slash 10% of its workforce while Vimeo (VMEO) cut headcount by 11% in its second wave of reductions. . Some of these are extremely old, would really be good if you could start including the date you posted it for reference purposes. Multichannel lender Finance of America (FoA) has laid off hundreds of employees across several rounds in the second and third quarters of 2022. Compare pay for popular roles and read about the team's work-life balance. Good luck!! Alia Paavola - Tuesday, June 22nd, 2021. Home Point Financial acquired wholesale division of Platinum Mortgage Inc. Home Point Financial acquired Maverick Funding Corp. HomeStreet Bank sold its stand-alone home loan centers to Homebridge Financial, HSBC closing 260 consumer lending branches, Impac Mortgage stops Alt-A lending, 144 laid off, Lehman Brothers filed Chapter 11 bankruptcy, Lexington Lending halts wholesale operations, Nationstar Mortgage changed name to Mr. Cooper, Envoy Mortgages correspondent lending division, Open Mortgage acquired Premier Home Mortgage, Paul Financial suspends loan origination, Synergy One Lending acquired BBMC Mortgage, Veritex Community Bank acquired 49% stake in Thrive Mortgage, LLC, Wells Fargo cut 350 mortgage jobs nationwide thanks to higher interest rates, Wells Fargo stops reverse mortgage lending. Need a copy of a payoff statement. Although the layoffs were unusually large this year, they are an ever-lurking prospect for people who work in finance. US Bank Home Mortgage laid off 200 operations employees March 29, 2022. As the volume goes down, the number of people you need goes down. All AFTER they received an influx of capital in the $175m range to better their proprietary LOS software; it didnt help!!! Reverse volume reached $1.58 billion in the second quarter, a 7% increase compared to the first quarter, and up 56% compared to the second quarter of 2021. We help move your dreams forward through our Customer First, Last and Always approach and wide variety of lending options. I would like to know when Residential Credit Solutions sent out of business or was acquired by Ditech. As recession fears swirl, a fresh round of layoffs is in the works for at least four corporate giants to start the new year. OKTA. Here are the fintechs that have announced layoffs so far, from Coinbase to Robinhood. 2006-2023 HW Media, LLC. Neighborhood Loans had a Layoff May 9th, 2022. I do have a form letter from Washtenaw indicating the loan was paid in full with a copy of the final escrow account disclosure statement, but it is not signed by anyone and sent out generically from their Customer Service Department. In an interview with Yahoo Finance Live at the World Economic Forum in Davos, Switzerland Tuesday, Bank of America CEO Brian Moynihan, when asked about the prospect of mass layoffs at the bank, firmly said: "There'll be none.". Amazon CEO Andy Jassy said late Wednesday the company would cut "just over 18,000 roles," a higher reduction than initially planned.Jassy's message came the same day Salesforce said it would slash 10% of its workforce while Vimeo cut headcount by 11% in its second wave . Keep your eyes open and share with others who are in need of a job. This includes 100 layoffs in Israel, where Amdocs has a significant presence with about 5000 employees. But the picture among Wall Streets six biggest banks is mixed when it comes to the scale of these layoffs. 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. They are doing them in small amounts so it goes undetected. Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs A Wells Fargo analyst has predicted the largest "reduction in U.S. bank headcount in history." Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. Hello I am trying to find out who acquired Peninsula Mortgage Bankers Corporation In Coral Gables Florida. to close, 89 layoffs Steward Financial closed Stewart Information Services halted delinquent loan servicing business Stone Creek Funding closed Stonegate Mortgage closed 47 retail branch locations Stonegate Mortgage acquired Medallion Mortgage Company Stonegate Mortgage acquired Crossline Capital Stonegate Mortgage acquired NattyMac Stonewater Mortgage Corp. halts new originations, sold to Caliber Funding LLC Strategic Capital Bank shut down by FDIC Southern Colorado National Bank shut down by FDIC SouthStar Funding closed Southwest Business Corp. purchased 15 Home Loan Corp. branches Stewart Lender Services acquired key assets of Allonhill, LLC Suburban Federal Savings Bank shut down by FDIC Summit Financial Group Inc. closed residential mortgage unit Summit Mortgage Co. to close Sun American Bank shut by FDIC Sun National Bank laid off 242 employees, exit residential mortgage business Sun Security Bank shut by FDIC Sun West Bank shut by FDIC Sunset Direct Lending closed Sunshine Mortgage Corp. shut down Sunshine State Community Bank shut by FDIC SunFirst Bank shut by FDIC Sunrise Bank closed by FDIC Sunrise Bank of Arizona shuttered by FDIC SunTrust Bank exited wholesale channel, 67 layoffs in Tampa, FL SunTrust Bank cut 800 mortgage employees nationwide SunTrust Bank closing wholesale lending offices Summit Bank shut by FDIC Superior Bank shut by FDIC Synergy One Lending acquired BBMC Mortgage Synovus Financial to buy FCB Financial Holdings Syringa Bank shut by FDIC Syracuse Securities, Inc. closed, transferred loan officers and some staff to Premium Mortgage Corp. Tamalpais Bank shut by FDIC TBW to file for bankruptcy protection, around 1000 layoffs TCF Bank acquired Rubicon Mortgage Advisors, LLC TeamBank shut down by FDIC Temecula Valley Bank shut by FDIC Tennessee Commerce Bank shut by FDIC Texas Capital Bank exited correspondent lending Texas Community Bank, National Association shut by FDIC The Bank of Bonifay shut by FDIC The Bank of Commerce shut by FDIC The Bank of Georgia shut by FDIC The Bank of Miami shut by FDIC The Bank of Union closed by FDIC The Bankers Bank acquired Advance Mortgage Corp. Today, Bank of America (NYSE:BAC) is grabbing a disproportionate amount of attention.News of Bank of America layoffs has led to an impressive surge of nearly 2% in BAC stock. Goldman Sachs Solomon admitted last month in an interview at the Wall Street Journals CEO Council Summit the company hired at a frenzied pace to keep up with record deal making activity at the time. Theyve laid off practically the entire back office effective 02/2023. Bank of America Layoffs: Downsizing related discussion, postings, questions and answers. "The Salesforce and Amazon layoffs add to the trend we expect to continue in 2023 as the tech sector adjusts to a softer demand environment," Wedbush analyst Dan Ives said. We have let people go both onshore, in the U.S., and we have a big operation in Manila weve had to reduce staff there as well.. Open Mortgage that proudly stated at the beginning of year didnt have layoffs has now done a second set of layoffs and demotions. Other financial institutions outside of the banking industry have also been cutting jobs. And JPMorgan's Dimon said in a televised interview with Fox Business Network last week that the bank has "a lot of growth plans.". Strong Home Mortgage just laid off 25% of their operations 04/13/22. I was thought I could get through this but that did not work out. Save my name, email, and website in this browser for the next time I comment. The party came to an abrupt halt when home values plummeted in nearly every metropolitan area throughout the United States. Prospect Mortgage acquired Indymac branches PSM Holdings, Inc. acquired Brookside Mortgage LLC Public Savings Bank shut by FDIC Pulte Homes 2,000 layoffs Pulte Mortgage layoffs Pulte Mortgage shutting Charlotte processing center, nearly 90 layoffs Putnam State Bank shut by FDIC Quality Home Loans filed for bankruptcy, sold to hedge fund manager Michael Klein Quick Loan Funding layoffs, now reported closed Quicken Loans suspended new hiring during the crisis Quicken Loans layoffs (250 jobs cut in 2008) Quicken Loans subsidiary In-House Realty purchased OpenHouse Realty Quicken and RockBridge acquired One Reverse Mortgage QuoteMeARate.com Inc. closed QHL Holdings Fund Ten LLC filed for bankruptcy R-G Premier Bank of Puerto Rico shut by FDIC Radian (mortgage insurer) cut 7% of its workforce Radian Group bought Clayton Holdings Rainier Pacific Bank shut by FDIC Randolph Savings Bank cut 16 mortgage employees (8% of staff) RAMS Home Loans (Australia) warned of profit losses after only two weeks on stock market Randolph Savings Bank acquired First Eastern Mortgage Ravenswood Bank shut by FDIC Reali acquired online direct mortgage lender Lenda Realty Mortgage shut down, 300+ layoffs Redfin cut workforce by approximately 7% Regions Bank acquired EnerBank USA Regions Financial Corp. sold wholesale lending division to M&T Mortgage Corporation Regions Financial Corp. exited correspondent lending channel Regions Financial Corp. closed warehouse lending unit Regions Financial Corp. shut Little Rock mortgage servicing facility Renasant Bank acquired FirstBanks wholesale mortgage division Renasant Corp. acquired Brand Group Holdings Renasant Corporation and First M&F Corporation merged Renovate America, Inc. laid off 71 in San Diego, CA Republic Federal Bank shut by FDIC Republic First Bancorp acquired Oak Mortgage Company ResiCentral Mortgage acquired One American Mortgage Residential Capital LLC filed for bankruptcy ResCap halts Dutch mortgage lending ResCap bankruptcy fears ResCap layoffs ResCap closed offices, cut 470 jobs Residential Capital LLC cutting roughly 1,000 jobs (GMAC company) Residential Finance of Columbus Ohio reportedly hacked 19 branches yesterday and a regional manager, per reader tip ResMae Mortgage Corp. cut 182 jobs in Brea ResMae Mortgage Corp. layoffs, bankrupt/for sale, closing Dallas facility ResMae Mortgage Corp. halted loan submission, cut over 150 jobs Residential Credit Solutions closed Fort Worth facility, 134 layoffs Residential Finance Corp. branch closures, layoffs, per Inside Mortgage Finance Residential Mortgage Capital suspends operations Residential Wholesale Mortgage, Inc. acquires Government Loan Center Resolute Bank shut by FDIC Resource Bank selling mortgage-related assets to Monarch Bank Resource Mortgage shuttered wholesale division Retreat Capital Management, Inc. cut 73 jobs in Dallas Reunion Mortgage shut wholesale office in Florida Reverse Mortgage Solutions Inc. closed office in Charlotte, 79 layoffs RFC layoffs Right Away Mortgage closed River City Mortgage to sell itself to Wintrust Financial Corp Riverside Bank of the Gulf Coast shut down by FDIC Riverside National Bank of Florida shut by FDIC Riverview Community bank shut down RockBridge Commercial Bank shut by FDIC Rock Holdings acquired majority stake in Lendesk Rock River Bank shut by FDIC Rooftop Mortgages (Bear Stearns UK mortgage unit) to close Rose Mortgage Corp. closed Rosemount National Bank shut by FDIC RoundPoint Mortgage cut 68 jobs in Rockville, Maryland RoundPoint Mortgage laid off 166 employees in Charlotte Royal Bank of Scotland laid off 24 employees in Stamford, CT Royal Bank of Scotland exited U.S. mortgage trading business, layoffs Royal Bank of Scotland cut about 300 jobs in mortgage trading business RPM Mortgage acquired Regency Mortgage Corp. Ruoff Financial (parent of Ruoff Home Mortgage) bought SBB Bancshares San Diego National Bank shut down San Joaquin Bank shut down San Luis Trust, FSB shut by FDIC Sanderson State Bank shut down by FDIC Santa Cruz Mortgage suspended operations indefinitely Santander Bank exited third-party mortgage business, 66 layoffs in Villanova, PA Satilla Community Bank shut by FDIC Saxon Mortgage wholesale closed, 1000 layoffs Saxon layoffs, closed correspondent unit Saxon Mortgage closed two loan servicing facilities in Texas, cut 680 jobs Saxon Mortgage Services cut 50 jobs in Texas SCB Bank shut by FDIC SCME ceases wholesale operations SCME Mortgage Bankers Inc. layoffs, branch closures Scottish RE large subprime exposure drops stock into dangerzone Sea Breeze Financial Services, Inc. Irvine, CA lender apparently closed Seaway Bank and Trust Company shut by FDIC Sebring Capital Partners closed Second Federal Savings and Loan Association of Chicago shut by FDIC Secured Bankers Mortgage Company halted operations Secured Funding closed Security Bank Corp. has six Georgia banks shut down by FDIC Security Bank, National Association shut down by FDIC Security Exchange Bank shut by FDIC Security National Servicing Corp. to cut 31 jobs Security Pacific Bank shut down by FDIC Security One Lending acquired OMNI Reverse Security Savings Bank shut down by FDIC Security Savings Bank, F.S.B.