Wells Fargo mortgage staff brace for layoffs as U.S. loan volumes collapse

Econ & Housing

In this articleWFCFollow your favorite stocksCREATE FREE ACCOUNTGetty ImagesMortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens.The bank had about 18,000 loans in its retail origination pipeline in the early weeks of the…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Timber framed homes could save ‘millions of tonnes of CO2’ – Ibec – Agriland.ie
Widman’s Market Update, March 22, 2023
Lumber Futures – March 22, 2023
Sawmill Finds New Business Expanding Into Remodeling Market
Lumber Futures – March 21, 2023