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Bank Hiring LOs

Hirings come amid massive industry layoffs

Oct. 17, 2013

By Mortgage Daily staff

As announcements of thousands of mortgage layoffs by U.S. lenders seem to roll in each week, a Canadian company is adding more than a hundred U.S. mortgages jobs.

Rising mortgage rates and falling loan delinquencies have prompted the nation's residential lenders to recently slash their staffing by thousands of mortgage employees.

Among recent casualties are employees of Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., SunTrust Banks Inc. and Wells Fargo & Co.

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