Wells Fargo to cut at least 700 more mortgage jobs

The nation’s biggest home lender, Wells Fargo, is set to cut 700 more mortgage jobs with more cuts possible in the coming months due to declining demand for buying and refinancing property, Bloomberg’s Elizabeth Dexheimer reports.

The cuts are on top of 250 made in January and about 6,000 Wells Fargo made last year in its mortgage business.

JPMorgan Chase, the nation’s second-biggest home lender, also announced it was cutting jobs earlier this week.

Source: Bloomberg