The mortgage industry is bracing itself for another round of layoffs.

As usual, these are expected at the big boys, as incoming regulations and rising interest rates slow refinancing activity, taking a toll on the bottom line.

It will come as little consolation to former TARP leader Neil Barofsky, who was recently in the press complaining that the Too-Big-to-Fails are still too big.

Read the article via Small lenders finally make a mortgage bang | REwired.