One of the largest mortgage lenders in the country is laying off about 400 of its consumer mortgage banking employees as home sales slow and interest rates continue to rise. JPMorgan Chase is cutting employees in Jacksonville, Florida; along with Phoenix; and Cleveland and Columbus, Ohio, according to the Wall Street Journal. In August, Wells Fargo said it was laying off 650 mortgage employees. Parts of the mortgage banking industry have slowed down, attributed to […]
source https://therealdeal.com/miami/2018/10/05/jpmorgan-is-latest-bank-to-shrink-its-mortgage-division-with-400-layoffs/#new_tab
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