The devil is in the mortgage finance reform details

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros
W S
Lending / The Ticker

Bank of America to slash 1,000 jobs in Ohio

Mortgage and consumer banking unit impacted

cloudy sky
/ Print / Reprints /
| Share More
/ Text Size+

Bank of America (BAC) is slashing approximately 1,000 jobs within its Beachwood, Ohio-based mortgage and consumer banking unit.

The employees were told they will lose their jobs on Oct. 31. The Plain Dealer has more:

"Compared to peak levels in 2011," Francisco of Bank of America said in a statement, "today we have fewer than one-third the number of customers who need the specialized programs and support of this team. These actions also reflect our ongoing efforts to streamline our facilities and align our cost structure with market realities." 

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus