The article reports that banking industry firms Wells Fargo and Citigroup are conducted layoffs of hundreds of employees in their mortgage banking operations. The layoffs are attributed to increases in U.S. interest rates which have led to a decline in mortgage loan refinancing. The impact of an...
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Feel more at home with your home loan, using your personalized mortgage dashboard. Access innovative tools and explore your loan options with Wells Fargo Online® Learn more about Wells Fargo Online® When natural disasters, accidents, and other events damage your house ...
Wells Fargois cutting 2,300 jobs from in the mortgage production unit, the company said on Wednesday. San Francisco-based Wells Fargo was the largest employer among U.S. banks at midyear with about 274,000 people. That figure jumped 4 percent from the previous year and was little changed ...
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Wells Fargo has been the subject of a series of lending scandals, including: The mistreatment of its auto loans and mortgage consumers. In April 2018, theConsumer Financial Protection Bureau(CFPB) and theOffice of the Comptroller of the Currencyfined Wells Fargo $1 billion after the scandal came...