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  1. 04-08-2011, 08:20 AM #1
    AirborneSapper7
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    Wells Fargo Eliminates 1,900 Mortgage Jobs as Home Lending S

    Wells Fargo Eliminates 1,900 Mortgage Jobs as Home Lending Slows

    Thursday, 07 Apr 2011 01:28 PM

    Wells Fargo & Co., the largest U.S. home lender, cut 1,900 employees from its mortgage unit, or less than 1 percent of the workforce, as fewer would-be borrowers submit applications for loans.

    Wells Fargo told U.S. employees of the cuts on March 23, giving them 60 days notice, Jason Menke, a spokesman for the San Francisco-based bank, said today. Most employees were in interim roles processing mortgage applications, and a “handfulâ€
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  2. 04-08-2011, 11:46 AM #2
    OneNationUnderGod
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    The Wells-Fargo bank down the street from me just closed down a few weeks ago.
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