The U.S.’s largest mortgage lender, Wells Fargo, is set to cut 2,300 mortgage-related jobs, “people with knowledge of the matter” have told Bloomberg. Rising interest rates led the San Francisco-based bank to expect lower demand for mortgage refinancing.

Source: Bloomberg

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
New sessions have been added to Connect Now Agenda on October 20th! Check out the power-packed lineup. SEE THE AGENDA×