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Lending / The Ticker

Wells Fargo mortgage job cuts top 2K

Not enough customers are refinancing their mortgages

Wells Fargo
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Wells Fargo (WFC) job cuts in its mortgage division is reaching 2,300.

Reports say current customers just aren't refinancing their loans.

Jobs cuts at Wells have been in the works for some time now, however, the 2,300 number is new.

Wells will keep around 10,000 workers in the mortgage division, by some estimations.

Source: Fox Business
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