Analysts say layoffs in Wells Fargo's mortgage division likely impacted all markets

Wells Fargo & Co. is laying off employees in home lending, with analysts saying the cuts were likely across all markets.

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Analysts say layoffs in Wells Fargo's mortgage division likely impacted all markets

bizjournals bizjournals | 1 year ago

Wells Fargo & Co. is laying off employees in home lending, with analysts saying the cuts were likely across all markets.

More Wells Fargo mortgage layoffs are likely, executives say

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Layoffs in Wells Fargo’s mortgage division will likely continue over the next few months as rising interest rates erode the bank’s refinancing business, executives said Friday.Income from home lending fell to $972 million during the second quarter of 2022, a 53% decrease from more than $2 billion during the same quarter last year. Further declines in the third quarter are possible since the “mortgage market is expected to remain challenging” in the near future, Chief Financial Officer M...

Wells Fargo layoffs hit mortgage operations in Portland

bizjournals bizjournals | 1 year ago

The cuts are occurring across the country, according to employees posting anonymously.

Wells Fargo confirms mortgage staff layoffs

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Wells Fargo layoffs hit mortgage operations

bizjournals bizjournals | 1 year ago

The cuts are occurring across the country, according to employees posting anonymously.

Wells Fargo layoffs hit mortgage operations

bizjournals bizjournals | 1 year ago

The cuts are occurring across the country, according to employees posting anonymously.

Wells Fargo layoffs hit mortgage operations

bizjournals bizjournals | 1 year ago

Wells Fargo's cuts are occurring across the country, according to employees posting anonymously.

Wells Fargo layoffs hit mortgage operations

bizjournals bizjournals | 1 year ago

The cuts are occurring across the country, according to employees posting anonymously.

Wells Fargo continues mortgage layoffs

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Wells Fargo will lay off 107 workers at the end of August in Des Moines, where its home mortgage division is based. It was the company's latest move in response to declining origination and refinance activity.The bank hasn’t disclosed the number of impacted mortgage staff since it began layoffs in April, but said Wednesday that 35% of them have moved into other roles within the company. “The home lending displacements are the natural result of cyclical changes in the broader home lending e...