Wells Fargo Mortgage To Lay Off 40 Workers

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Wells Fargo & Co. (nyse: wfc) announced plans to lay off 100 people in the Charlotte, North Carolina, region. Officials cited "continuing market changes" and efforts "to better align with current volumes" for the layoffs in Fort Mill, South Carolina. "The decision to reduce our workforce is made with great concern for our team members.

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Wells Fargo to lay off 400 workers in Des Moines (desmoinesregister.com) submitted 6 months ago. The company always acts like the sky is falling on them yet they own something like 75% of the home mortgages in the United States.. Seriously I’ve yet to hear a good to work at Wells Fargo. Some of the more high end positions are okay-ish.

Wells Fargo cuts more jobs in Charlotte. Wells Fargo, whose largest employee hub is Charlotte, also has announced job cuts affecting other business lines in recent months. In March it said it planned to lay off 593 workers in Pitt County in eastern North Carolina, a move it attributed to adjustments to its auto-lending operations.

Wells Fargo to lay off 263 Des Moines-area workers. Most of the 263 people work at the company’s credit card call center in West Des Moines but a few also work in home mortgage and consumer.

Wells Fargo Bank, the nation’s largest mortgage lender, issued another job reduction notice, resulting in the elimination of 24 workers in its San Diego mortgage unit. wells fargo, which operates 104 retail branches in the county and holds about a quarter of all the county’s deposits, said it notified 925 mortgage employees across the nation, including the 24 at its Sorrento Valley location, that their jobs.

Investors will like this plan as most are focused on the near-term cost cuts and not the business outlook, Wells Fargo analyst David Maris said. Allergan’s <AGN.N> Actavis generic drug business for.

Wells Fargo to lay off 2,300 mortgage workers. The average rate on a 30-year, fixed-rate mortgage is about 4.6 percent, still a historic low but up from 3.6 percent three months ago. Last month, Wells Fargo reported that it received $146 billion in applications for first mortgages from April to June, with refinancings making up 54 percent.

Another round of layoffs for Wells Fargo (WFC) comes into effect, including more than 600 job cuts all over the country, as the banking giant aims to prune costs on declining mortgage market.