People in real estate finance are among the 6,000 people that Bank of America Corp is laying off this year.
The company confirmed in a statement that 3,500 positions are being eliminated during the third quarter.
The latest round of layoffs is in addition to 2,500 job cuts that have already taken place this year.
A spokesman wouldn’t break out the number of mortgage positions that are impacted in the current staff reduction, but at least 1,500 mortgage employees were let go in the earlier round.
“The reductions are not part of a companywide initiative (New BAC) announced earlier this year which is focused on driving our customer-oriented strategy and financial results,” the statement said.
Most of the company’s business lines are impacted by the 3,500 layoffs.
“We have important work to do to continue putting Countrywide’s legacy mortgage issues behind us,” Brian Moynihan said in a copy of an internal memo to employees that was posted online by the New York Times.
Moynihan added, “We owe it to our customers and our shareholders to remain competitive, efficient and manage our expenses carefully.”
