Top 5 cities where safety is not a question

Top 5 cities where safety is not a question

Number one shouldn't be a shocker

Where's Watt?

FHFA scorecard should be marked tardy

Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition

Items Tagged with 'lay offs'


Citigroup slashes jobs on heels of refinancing slowdown

1,000 employees cut from the bank's mortgage ranks
September 24, 2013
Banks continue to downsize to adjust mortgage staffing levels as the refinancing boom ends. Citigroup announced plans to cut 1,000 workers within its mortgage business Monday.
Read More

Wells Fargo to cut 1,000 mortgage production employees

Brings total 3Q layoff count to 4,800 positions
September 19, 2013
Wells Fargo & Co. continued to lay off workers, announcing plans to slash another 1,800 employees in mortgage production, bringing the overall third-quarter reduction count to 4,800.
Read More

Wells Fargo cuts 150 positions in Charlotte

September 18, 2013
Wells Fargo cuts another 150 workers in the Charlotte region in North Carolina on top of the 284 employees the company said it was laying off last month. This follows the banks initiative to downsize its workforce as loan refinancing demand falls.
Read More

Citigroup plans to lay off 2,200 workers

Cuts to happen by early next year
September 12, 2013
With higher mortgage rates deterring consumers from refinancing, Citigroup plans to slash 2,200 workers within its mortgage business by early next year.
Read More

Wells Fargo to lay off 763 home mortgage employees

Cuts come as refi demand slows
August 7, 2013
Rising interest rates often mean fewer loan refis, and it seems declining refinancing volumes are the catalyst for a round of layoffs at Wells Fargo.
Read More