Newrez, a prominent player in the mortgage industry, has announced layoffs that will affect 123 employees in Florida and Colorado. This news has raised concerns among industry stakeholders and employees alike.

Key points:
– Newrez has notified authorities in Florida and Colorado of impending layoffs affecting 123 employees
– The layoffs are set to begin in July
– The announcement has caused uncertainty and anxiety among industry professionals and affected employees
– This news highlights the ongoing challenges facing the mortgage industry in the current economic climate.

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