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Wells Fargo

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Wells Fargo to Cut 2,300 Mortgage Jobs 

Aug 22, 2013By

Wells Fargo plans to eliminate 2,300 mortgage jobs as rising interest rates look to impact refinancing activity, reports Bloomberg News.  As higher interest rates make refinancing “less attractive,” according to individuals with knowledge of the matter cited by Bloomberg, Wells Fargo expects mortgage lending will slow for the remainder of the year.  The job reductions […]