Mortgage Daily

Published On: July 18, 2016

In addition to 200 recent layoffs at Wells Fargo & Co. units, dozens of other mortgage layoffs at several locations across the country have recently been made.

April 3 was the last day for Wells Fargo employees in Raleigh, North Carolina, a filing with the Workers North Carolina Department of Commerce indicated.

Notification about the staff reduction, which which resulted in 87 job cuts, was required under the Worker Adjustment and Retraining Notification Act.

Sixty employees
were laid off by Wells Fargo Home Mortgage Servicing on April 3, according to a WARN filed with the Washington State Employment Security Department. The report indicated the job losses took place in Vancouver.

Forty people were impacted by by layoffs at Wells Fargo Home Mortgage in St. Louis Park, Minnesota, a WARN filing with the state said. The layoff date was Feb. 23.

Thirteen employees in West Des Moines, Iowa, were let go on June 20 by Wells Fargo, a WARN filing in that state indicated.”Mass layoff” was cited as the type.

In Wilmington, Delaware, Capital One – Mortgage Services cut 109 jobs, a filing with the Delaware Department of Labor noted. The WARN was filed on Feb. 3.

A WARN filed with the
California Employment Development Department indicates that Bank of America Corp. is cutting back on staff in Simi Valley. The layoffs impacted 90 people and took place on June 19.

OneMain Financial reported to the Texas Workforce Commission that it is laying off 116 people in Irving, Texas, on July 31.
Spokesmen for OneMain Holdings Inc. ignored a request for clarification about whether any of the layoffs are mortgage-related.

Bloomberg reported that in January, Barclays PLC eliminated 20 positions in its U.S. government-backed mortgage bond business.

Synchrony Bank notified the Texas Workforce Commission of 77 employee layoffs. Jobs in fast-growing Dallas suburb of Frisco are impacted. The staff reduction is effective on Aug. 22.

Ohio’s Department of Job and Family Services reported that Sychrony Bank is laying off 57 people at consumer operations center in Canton on Sept. 10.

JPMorgan Chase is eliminating 90 banking services jobs in Houston, according to the TWC’s report. Aug. 7 is the date of the layoffs.

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Date with Today’s Latest Rates

ï„‘

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

ï„‘

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

ï„‘

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

ï„‘

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN