The Committee for Better Banks Report: The state of the ...
Rising mortgage rates have led Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo & Co. to significantly reduce their mortgage divisions as well. The total amount of layoffs in the mortgage departments across these four banks is ultimately expected to reach 22,300 employees by the end of 2013. Peter Rudegeair, “Bank of America to Lay off Thousands in Mortgage Business,” Reuters ... ................
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