Fri September 20, 2013

Nation's Largest Mortgage Provider Downsizes

Originally published on Fri September 20, 2013 6:47 am

Wells Fargo has told 1,800 employees their services will no longer be needed in the bank's mortgage unit. The bank already cut more than 2,000 jobs in that unit last month. Wells Fargo cites lower demand for refinancing because of higher mortgage rates.